1101 North Congress Avenue, Evansville, IN 47715

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Randall F.

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Building Details:

• Year Built: 1976

1101 North Congress Avenue is aspecial purpose property for lease in Evansville, IN.

This fitness business has been in existence for over 26 years. They are a 24/7 gym facility with some of the most up-to-date equipment, clean facility and locker/shower/sauna rooms for both women and men. All furniture, fixtures & equipment (exercise equipment, special flooring, mats, lockers, benches, free weights, tanning equipment, child-care, laundry, etc. in place) along with memberships and mailing lists are included. Their is also a child-care area and a one bedroom apartment within the facility. The massage room has been rented out for $300/mo. to an independent therapist. They occupy most of what was originally warehouse space. Their property still has approx. 4500 sf of warehouse that they are not using, and could be leased out for additional income. They have plenty of parking for their over 300 members. Business & real estate combined are for sale at $989,000; however, the business alone is being offered for sale at $485,000, in which case the business leases their 12,482 sf for $/sf ($6,500/mo. NNN). The excess warehouse/showroom space with yard could be leased out for $2,500/mo. NNN if you were to purchase both business and RE.

• Operating Fitness Business
• Over 300 Members
• Full Gym with Like New Equipment
• Excess Space to Lease

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