EXCEPTIONAL INVESTMENT OPPORTUNITY – 428 NW 3RD ST, EVANSVILLE, IN 47708

Downtown Evansville opportunity! This prime .94-acre lot at 428 NW 3rd Street offers a rare chance to build your portfolio in a thriving urban center.

Why Invest in This Property?

• Prime Location: Situated in Evansville’s bustling downtown district, this lot offers unparalleled proximity to major attractions, businesses, and amenities, ensuring consistent demand for whatever development you choose.
• Flexible Development Potential: An ideal location for commercial space(s) that capitalize on the growing downtown market.
• High Traffic & Visibility: The property is strategically located on a well-traveled street with steady pedestrian and vehicular activity—key factors for driving value in retail, hospitality, or residential developments.
• Zone as General Commercial (C-4) District

Market Highlights:

Downtown Evansville is experiencing a surge of growth and investment, making now the perfect time to stake your claim in this rapidly developing area.

• Economic Development: Recent and ongoing revitalization projects have injected significant momentum into downtown Evansville, attracting businesses, residents, and tourists.
• Proximity to Key Assets: The lot is located near high-demand attractions like the Ford Center, Tropicana Evansville, and the Old National Events Plaza, offering unique advantages for businesses or tenants seeking connectivity and convenience.
• Strong Demand for Urban Living: As urbanization trends continue, the demand for downtown housing and amenities in Evansville is on the rise, presenting opportunities for residential or mixed-use developers.
• Tax Incentives and Support: Investors may benefit from local and state incentives aimed at encouraging development in the downtown area, boosting profitability.

Investment Advantages:

1. Proven Growth Trajectory: Downtown Evansville has demonstrated steady economic and cultural revitalization, ensuring long-term value for your investment.
2. Versatility for Development: The lot’s size and zoning offer the flexibility to create high-return projects tailored to market demand.
3. High ROI Potential: Whether developed for retail, office, or residential purposes, this property is primed for maximum returns in a market with increasing demand and limited supply.

Seize the Opportunity:

In real estate, timing is everything—and now is the time to invest in downtown Evansville. With its ideal location, promising market conditions, and strategic growth potential, 428 NW 3rd St offers the foundation for a project that will yield significant returns for years to come.

Don’t miss out—secure this rare investment opportunity today! Contact us to discuss this property’s potential and explore how it can align with your financial goals.

OFFERED at $450,000

OVER 2,060 SQ FT OF LIVING SPACE WITH A WALK-OUT BASEMENT

PENDING

Bright and inviting ranch home in a great neighborhood offering 1,540 sq. ft. on the main level plus a 760 sq. ft. partially finished walk-out basement. Features include 3 bedrooms, 2 full baths, two gas fireplaces, spacious eat-in kitchen, attached 2-car garage, deck, patio, and a small covered front patio entrance area. Updated with a new electrical panel in 2026. Conveniently located near shopping, dining, parks, and recreation. Property is being sold AS IS. Seller welcomes inspections for buyer information purposes.

NOW OFFERED AT $200,000.00

Schedule your private showing today by calling/texting Tom at 812-270-3221.

HISTORIC NEW HARMONY CHARM MEETS MODERN LUXURY

Experience the best of historic living without sacrificing modern convenience. Situated on a coveted corner lot in picturesque New Harmony, this prominent 2,500+ sq. ft. American Foursquare has undergone a complete, top-to-bottom transformation--offering true turn-key ease.

Step inside to high ceilings, rich early-1900s detailed woodwork, and generous living areas flooded with natural light. The newly redesigned chef's kitchen serves as the heart of the home, beautifully paired with fully updated, designer-inspired bathrooms.

Key Features:

• Flexible Layout: 3-4 bedrooms and 2.5 baths, featuring a convenient main-floor primary suite with a private en-suite bath.
• Versatile Upper Level: Two interconnected bedrooms plus a flexible third room--perfect as a home office, nursery, or hobby space--alongside a full bath with upper-level laundry.
• Storage & Space: Usable basement, walk-up attic, and a detached 2-car garage for all your storage needs.

Whether relaxing on the grand front porch or entertaining in the formal dining room, this restored gem offers timeless sophistication in Southern Indiana's most historic community. Ready for immediate occupancy.

NOW OFFERED AT $385,000

A Special 9.87 +/- Acre Homestead Site in Posey County, IN

Located on Greenfield Ln in the New Harmony area of Posey County, this exceptional real estate offering features just under ten acres of land. The property boasts a predominantly level topography, providing prime locations for the construction of a custom home or the establishment of a complete homestead. The land, officially recognized as Parcel 65-12-05-500-005.004-008, is zoned as residential and was surveyed back in late 2023. It includes scenic views and a barn with power, making it an ideal setting for a hobby farm or rural retreat. Located in Lynn Township, this quiet rural setting offers peaceful countryside views in a highly sought-after area where properties of this scale rarely become available.

OFFERED AT $197,400

Schedule your private showing today by calling our office at 812-682-4000.

A UNIQUE OPPORTUNITY IN HISTORIC NEW HARMONY

Located in historic New Harmony, this charming 2-bedroom, 1-bathroom residence at 631 Steammill Street blends timeless character with inviting indoor and outdoor living spaces. Inside, the home showcases beautifully preserved original wood floors, rich beadboard paneled walls, elegant crown mouldings, and custom built-in shelving that reflect the craftsmanship and warmth of a bygone era. Spacious rooms with tall ceilings and abundant natural light create a welcoming atmosphere of more than 1,555 SF, while the home's unique architectural details provide both comfort and personality throughout.

The exterior continues the property's storybook appeal with vintage iron fencing, a durable metal roof, and both covered front and rear porches ideal for relaxing or entertaining. Outdoor amenities include a private brick patio, raised gardening beds for flowers or vegetables, and an attached greenhouse perfect for year-round gardening enthusiasts. A detached garden shed adds additional functionality and storage.

Just steps from the village center, this property is equally suited for those seeking cottage style home, or those seeking a peaceful retreat.

Offered at $175,000, this distinctive New Harmony property presents a rare opportunity to own a home filled with historic charm, practical amenities, and exceptional outdoor spaces in one of Southern Indiana's most picturesque communities.

OFFERED AT $175,000.00

Schedule your private showing today by calling our office at 812-682-4000.

MULTI-UNIT INVESTMENT PROPERTY WITH 5 RENTAL UNITS IN NEW HARMONY, IN

STRUCTURES & LIVING SPACE

• BUILDINGS: 3 Separate Structures
• TOTAL UNITS: 5 Rental Apartment Units
• One 2BR with 1BA Unit
• Three 1BR and 1BA Units
• One Studio Unit
• APPROXIMATE SQUARE FOOTAGE BREAKDOWN:
• Building 1: 1152 SQ FT
• Building 2: 1792 SQ FT
• Building 3: 1650 SQ FT

AMENITIES & STORAGE

• PARKING: 2-Car Carport
• ADDITIONAL STORAGE: Approximately 576 SQ FT of Dedicated Storage Space
• PARKING AREA: Large Gravel Driveway

LAND DETAILS

• LOT SIZE: .23 Acres