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$550,000 ↓$50,000on 11/5/2024(Pending)

2227 W Michigan Street Evansville, IN  47712

Property Description for 2227 W Michigan Street Evansville, IN 47712

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.

Address:2227 W Michigan Street Evansville IN 47712
Status:Pending
on site: 100 days
Price:$550,000
Bathrooms:0
Year Built:1900
Lot Size:1.09
County: Vanderburgh County
Township: Pigeon
MLS #:202434075
Property Type:Mixed Use

Lot Dimensions:N/A
Directions:West on Franklin St., North on Michigan St., Property on Right
Basement:Yes

Loan Price
$4,911
Price And Interest $2,869/month
Property Tax $1,813/month
MTG INS $0/month
HOME INS $229/month
Price
$550,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$1,813/month
Home Owner Insurance
$2,748 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

DateOld PriceNew PricePercent Change
11/05/24 $600,000 $550,000 -8.33%

RoomSizeLevel
Master Bedroom 24685 x 26200 Info Not Available
3rd Bedroom 16 x 2 Info Not Available
Den 1 x 52400 Info Not Available

Semi-Annual Property Tax:$10,878
Tax Year:2024
Mandatory HOA Fee:$

City:Evansville
Subdivision: None
Zip Code:47712

Customer Service Evansville, REALTOR®/Broker, F. C. Tucker Company
Customer Service Evansville
Additional Phone (812) 402-0200
F.C. Tucker Company
VISIT MY PROFILE

Listing provided courtesy of Andros L'Grand with KELLER WILLIAMS CAPITAL REALTY

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company include the name of the listing IDX broker. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.





Evansville Market Report

143
Avg. DOM
$133.09
Avg. $ / Sq.Ft.
$ 229,000
Med. List Price

The house prices in Evansville are not dropping at the moment. There has been a increase in price of $1,710.62. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Evansville are going Up. The average house price is $229,400.00 and the average price per square feet is $134.21 per square feet. At the moment, the amount of homes listed is exactly 2163 houses, with 522 with active status, 247 with pending status and 1394 sold in Evansville .

The most popular place to buy a home in Evansville is 8205 - Vanderburgh - Perry. 8205 - Vanderburgh - Perry is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Evansville .

The average amount of property taxes you would have to pay for a home in Evansville is $2,077.65. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Evansville are staying listed for an average of 62 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Evansville was 85 minutes ago.

At the moment we have 13 open houses that you can visit.

The cost of the most expensive home in Evansville is $2,490,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Evansville is $1.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Evansville in year 1836 and the newest built house is in year 2024.

The average size of properties in Evansville is 1961.94 sq.ft. , the biggest one being 7187 sq.ft. and the smaller being 226 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.

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