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Mixed-Use Property with Apartments
New
For Sale
$145,000

1125 N Main Street, Evansville, IN 47711

COMMERCIAL, Evansville, IN

Property SizeContact for details
Days on Market2

Property Features for 1125 N Main Street

General Information

Property type Commercial Sale
Property subtype Other
Directions From Lloyd, go N on Main St, Property at the corner of Main St and Louisiana
Subdivision Vanderburgh County
Standard status Active
APN 82-06-20-026-076.001-029

Taxes and HOA fees

Tax Year 2026
Tax Description Woodlawn Lots 1 Thru 4 Part Lot 5 Block 7
Tax Annual Amount 5842
Legal Description Woodlawn Lots 1 Thru 4 Part Lot 5 Block 7

Utilities

Cooling system Central Air

Amenities

private offices
work areas
breakroom

Building Details

Year built 1894
Flooring type Concrete, Vinyl, Tile
Roof type Rubber, Flat
Listing Agency: KELLER WILLIAMS CAPITAL REALTY · Keller Williams Realty
Listed By: Ronald Hill
Added: Sep 3 Changed: Sep 4 Last Checked: Sep 4 at 2:06PM
MLS# 202636517

Copyright © 2026 Southwest Indiana Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This mixed-use property combines adaptable commercial space with residential accommodations. The first floor includes private offices, work areas, a breakroom, three restrooms, and an arrangement that can be divided into multiple business suites. Off-street parking is also provided.

The second floor contains a spacious 2BR apartment and a separate 1BR/1BA unit, with each residence accessed through its own private entrance. The 1BR/1BA unit is separately metered and currently operates as an active Airbnb. The sale also includes adjacent vacant lots on Main St and Louisiana St.

Constructed in 1894, the building has concrete, vinyl, and tile flooring, central air, and a flat rubber roof.

Key Highlights

  • First floor can be divided into multiple business suites
  • Commercial layout includes private offices, work areas, breakroom, and 3 restrooms
  • Second floor includes a spacious 2BR apartment and separate 1BR/1BA unit

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Hair Salon Nail Salon Accounting Firm Garden Center Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,452
Businesses Nearby

Demographics for 47711, IN

31,266
Population
14,487
Households
2.2
Avg Household Size
41
Median Age
24%
College-Educated
91%
High-School Grad
16.5 sq mi
ZIP Area
1,895
Density / Sq Mi
$65,398
Median Household Income
$39,114
Median Earnings
$982
Median Rent
$156,200
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - First-floor commercial suites combine with separately entered residential units and off-street parking.
Where is this mixed-use property located?
The property is located at 1125 N Main Street Evansville, IN.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: First floor can be divided into multiple business suites; Commercial layout includes private offices, work areas, breakroom, and 3 restrooms; Second floor includes a spacious 2BR apartment and separate 1BR/1BA unit
More about this property
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