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Investment Highlights

  • Potential for conversion to residential on upper floors
  • 1904 Beaux Arts architectural style
  • National Register of Historic Buildings
  • 64-space surface parking lot

Executive Summary

Now available, the historic and beautiful beaux arts American Trust Building, located in the heart of Downtown Evansville’s historic district, adjacent to the 1,950-seat Victory Theater and the 10,000-seat Ford Center complex. The American Trust Building is replete with interior and exterior architectural features including: carved limestone façade, copper roof trim, wood and brass doorways, marble wainscoting, vintage gated elevators, high ceilings and more. The property includes an asphalt parking lot with capacity for 64 double parked cars.
This four (4) story building currently has two (2) leased retail spaces on the first floor: 959 SF on Sixth Street and 5,772 SF on Main Street. The first floor also offers a 3,539 SF office with two (2) on-street entry accesses, which is currently leased. The second floor is comprised of two (2) leased suites containing 4,414 SF and 1,947 SF. The third floor is primed for reimagining with 5,000 SF ready to be converted into three to four apartments or several office suites. The fourth floor is occupied by a professional firm possessing an artfully designed 6,025 SF multi-office space with kitchenette and conference rooms. The tenant is open to extending the lease or vacating should a prospective buyer wish to convert the space to residential.
-Beaux Arts architectural style, constructed in 1904
-Basement office and storage
-64-space surface parking lot
-Single and three-phase power supply
-1,600+ AMP power
-One (1) gated elevators
-Rooftop solar arrays
-Membrane roof replaced within last 5 years
-Marble flooring and wainscoting
-Listed on the National Register of Historic Buildings (82000094)

Financial Summary (Actual - 2024) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
43,544 SF
Building Class
C
Year Built
1904
Price
$2,683,000
Price Per SF
$61.62
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
7,500 SF
Building FAR
1.75
Lot Size
0.57 AC
Opportunity Zone
Yes
Zoning
C-3
Parking
64 Spaces (1.15 Spaces per 1,000 SF Leased)

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • ECHO Housing
  • Services
  • 99,999 SF
  • -
  • -
  • Extend Group
  • Services
  • 99,999 SF
  • -
  • -
  • Tiki on Main
  • Accommodation and Food Services
  • 99,999 SF
  • -
  • -
  • VPS Architecture
  • Professional, Scientific, and Technical Services
  • 99,999 SF
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease End
ECHO Housing Services 99,999 SF - -
Extend Group Services 99,999 SF - -
Tiki on Main Accommodation and Food Services 99,999 SF - -
VPS Architecture Professional, Scientific, and Technical Services 99,999 SF - -
Moderately walkable
60/100
Moderately drivable
70/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
82-06-30-020-033.013-029
Land Assessment
$94,600 (2025)
Improvements Assessment
$1,017,300 (2025)
Total Assessment
$1,111,900 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
  • Listing ID: 33437732

  • Date on Market: 10/7/2024

  • Last Updated:

  • Address: 528 Main St, Evansville, IN 47708

Contact the Sale Advisor

528 Main St

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