ETFCU PLAZA

Office for Sale
Catylist Listing ID: 30395742
Property Subtypes: Executive Suites, Governmental, Mixed Use, Office Building
Building Size (RSF): 42,778 SF
Gross Land Area: 1.73 Acres
Sale Price: $7,300,000
Unit Price: $170.65 PSF
Ceiling: 10 ft.
In Opportunity Zone? Yes
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Evansville Teachers Federal Credit Union Plaza
Class of Space: Class A
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/27/2021

Overview / Comments

LOCATION, LOCATION, LOCATION !!! This highly prestigious and one of a kind real estate makes up 1/3 of the city, county and court's campus in downtown Evansville. The Evansville Teachers Federal Credit Union Plaza is situated adjacent to the city/county building, the court's building, across the street from the ONB Events Plaza and the Ford Center. The plaza is a beautiful limestone building with class “A” office space, private parking, unlimited parking directly across the street, acres of green space, state of the art technological capabilities, energy efficient HVAC and lighting systems, interior/exterior security, automatic doors with keyless access, and an environmental friendly water retention system. This exceptional property is highly visible and within walking distance to most of the downtown attractions and venues including the new Doubletree by Hilton Hotel and the new IU School of Medicine. Current tenants include a law firm, a financial institution, government engineering with IT departments and a restaurant.

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $25,871 (Annual)

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Taxing Authority: Vanderburgh County
Tax ID/APN: 82-06-30-021-094.001-029
Zoning: C-2
Property Located Between: Sycamore Street & Walnut Street
Property Visibility: Excellent
Highway Access: Highway 41, I-69 and the Lloyd Expressway
Airports: Evansville Regional Airport
Site Description: Professionals Plaza LLC offers Class "A" office space in the newly remodeled ETFCU Plaza in the heart of Downtown Evansville. A highly prestigious building, the 42,778 square-foot location features premium amenities, private parking and an abundance of green space. The former Evansville Vanderburgh County School Corporation Administration building has been completely gutted and refinished. Constructed of concrete and steel with a limestone exterior, the interior consists of contemporary designs and architecture, with the highest quality of materials and craftsmanship. The plaza is well maintained, environmentally friendly, and has state-of-the-art technological capabilities. It contains interior and exterior security systems as well as police officer presence.The outside of the building underwent a renovation as well, including new landscaping, irrigation, all new parking lot providing space for all tenants and guests. A total of $5 million has been invested in the improvements alone to provide the best quality office space to prospective tenants. Mail service is provided to each suite through the U.S. Postal Service.
Area Description: Evansville, IN--A CITY THAT'S TRANSFORMING! Situated on the Ohio River, Evansville, Indiana is the commercial, medical, and cultural hub of Southwestern Indiana and the Illinois-Indiana-Kentucky tri-state area. It is the third-largest city in the state of Indiana and the largest city in Southern Indiana. The broad economic base of the region has helped build an economy know for its stability, diversity, and vitality. Recent growth can be attributed to the economic development of Evansville and its metro area. As well as being the forefront of education and culture, Evansville has emerged as the tri-state's major center for medical science industries and health care that ranks among the region's largest employers.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1970
Year Renovated: 2018
Roof Type: Flat
Construction/Siding: Concrete
Exterior Description: The exterior is constructed of concrete and steel with a limestone finish.
Parking Ratio: 1.1 (per 1000 SF)
Parking Type: Surface
Parking Description: Large private paved lot and unlimited parking across 9th street.
Total Parking Spaces: 49
Passenger Elevators: 1
Sprinklers: Wet
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Internet Access: Cable
Interior Description: Completely remodeled with the highest quality and aesthetics in mind.
Zoning Description: C-2 Vanderburgh County commercial.
Lot Frontage: 249
Lot Depth: 320
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple
Legal Description: PROFESSIONALS PLAZA PT LOT 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,953 79,285 134,144
Median Age: 37.98 36.69 37.58
Households: 5,602 32,971 57,736

Contact

Photograph of Listing Agent

Mark Miller

ERA First Advantage Realty, Inc.
CPIX Member
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