2227 West Michigan Street

Evansville, IN 47712

$550,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

This expansive two-story mixed-use property spans nearly an entire city block and offers a prime investment opportunity. Boasting 52,400 sq. ft. and located on 1.09 acres, the property includes a gymnasium, theater, chapel, and industrial-grade kitchen. Positioned near key employers such as Deaconess Hospital, the University of Southern Indiana, and Mead Johnson, it provides immediate access to retail, healthcare, and educational markets. Listed at $550,000 with an assessed value of $1,313,200, it...This expansive two-story mixed-use property spans nearly an entire city block and offers a prime investment opportunity. Boasting 52,400 sq. ft. and located on 1.09 acres, the property includes a gymnasium, theater, chapel, and industrial-grade kitchen. Positioned near key employers such as Deaconess Hospital, the University of Southern Indiana, and Mead Johnson, it provides immediate access to retail, healthcare, and educational markets. Listed at $550,000 with an assessed value of $1,313,200, it offers a rare $763,200 in instant equity.
  1. Listed by Andros L'Grand • KELLER WILLIAMS CAPITAL REALTY

Property Details for 2227 West Michigan Street

Subdivision
None
Waterfront
No
LISTING UPDATED: 11/12/2024 06:49 PM

Property Details for 2227 West Michigan Street

StatusActive
MLS #202434075
Days on Market77
Taxes$21,755 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial / Mixed Use
Year Built1900
Lot Size1.09 AC / 47,480 SF
CountyVanderburgh County

Building Information for 2227 West Michigan Street

Stories2Residences-Year Built1900Lot Size1.09 AC / 47,480 SF

Property Information for 2227 West Michigan Street

Summary
Location and General Information
  • Area: Vanderburgh County
  • City: Evansville
  • Zip Code: 47712
  • City Zoning: C-1 Light Commercial
  • County Zoning: C-4 General Commercial
  • State: IN
  • Township: Pigeon
  • Cross Street: Franklin Street
  • Geo Latitude: 38
  • Geo Longitude: -88
  • Road Access: City
  • Inside City Limits: Yes
  • Fips Code: 18163
  • Directions To Property: West on Franklin St., North on Michigan St., Property on Right
  • Road Frontage Description: Corner Lot
Taxes and HOA
  • Assessed Value $: $1,313,200.00
  • Annual Taxes: $21,755
  • Year Taxes Payable: 2024
  • Parcel Number Id: 82-05-24-030-028.001-029
  • Parcel Id 2: 11-650-30-026-025
  • Parcel Id 3: 11-650-30-028-001
Parking
  • Number Of Parking Spaces: 50
  • Parking: Lot, Off-Street, Paved, Private
Property
Lot Information
  • Class: COMMERCIAL
  • Property Subtype: Mixed Use
  • Approx Lot Size Acres: 1.09
  • Lot Dimensions: N/A
  • Approx Lot Size Sqft: 47480.0
Property and Assessments
  • New Construction: No
  • Year Built: 1900
  • Age: 124
  • Documents Available: LBP Form, Lease, Legal Description, Zoning
  • Planned Unit Development: No
Utilities
  • Sewer: City
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Exterior: Brick
  • Platted: Yes
  • Road Surface: Asphalt
  • Roof Material: Asphalt, Flat
Interior Features
  • Basement: Yes
  • Basement/Foundation: Finished, Full Basement, Outside Entrance, Walk-Out Basement
  • Cooling: Central Air, Other
  • Flooring: Concrete, Other, Tile
  • Heating/Fuel: Forced Air
  • Stories: 2
Multi Family
Multi-Family Information
  • Number of Buildings: 1
Income & Expenses Information
  • Gross Monthly Rent: $5,500

Property History for 2227 West Michigan Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2227 West Michigan Street

Taxable ValueLand$23,700Additions$16,700Total$40,400
Tax Record2023$1,281 ($107 / month)
Home Facts
Total Finished SqFt810 SqFtAbove Grade Finished SqFt810 SqFtStories1Lot Size5,924 SqFtStyleMiscellaneous CommercialYear Built1965CountyVANDERBURGHAPN82-05-24-030-028.025-029

Schools near 2227 West Michigan Street

This home is within Evansville Vanderburgh Sch Corp.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Cynthia Heights Elementary School
PublicK to 5

Helfrich Park Stem Academy
Public6 to 8

Francis Joseph Reitz High School
Public9 to 12

Harwood Career Prep High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

2227 West Michigan Street is a mixed use property for sale in Evansville, IN 47712. This property was listed for sale on September 5, 2024 by KELLER WILLIAMS CAPITAL REALTY, it's currently listed at $550,000. This listing's school district is Evansville Vanderburgh Sch Corp. Nearby schools include Cynthia Heights Elementary School, Helfrich Park Stem Academy and Francis Joseph Reitz High School. 2227 West Michigan Street is a 0-bed, 0-bath, mixed use property built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KELLER WILLIAMS CAPITAL REALTY

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.