Building Details

Year built 1988

Roof type Flat

Listing Agency: Century 21 Classic Realty · Century 21 Real Estate s***@century21.com Show Phone

Listed By: Shelley Brinson · License #RB14036420 Show Phone

Added: Jun 12, 2020 Changed: Aug 24 Last Checked: Aug 28 at 8:06AM

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MLS# 202634642

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 retail space provides 1,200 square feet within Cherry Tree Plaza, a shopping center serving the Washington community. Central air conditioning supports the suite, while the building features a flat roof and dates to 1988.

The property is located at 116 Cherry Tree Plaza in Washington, Indiana, 47501, within Daviess County.

Key Highlights

• 1,200‑square‑foot retail space
• Located within Cherry Tree Plaza shopping center
• Central air conditioning

Property Analytics

Property Profile

Current Use

Retail space

Suggested Use

Top Pick Law Firm Dental Office Skin Care Clinic (Bike/Boat/Book/etc) Store Locksmith Spa & Massage Center

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

NNN (Triple Net)

Lease Type

$1.80 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

357

Businesses Nearby

132k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 45% Shops & Services 21% Groceries 16% Home Improvements & Furnishings 10%

McDonald's Dining

24,607 visits/mo 0.3 miles

Jay C Food Groceries

16,627 visits/mo 0.1 miles

Washington #1 Shops & Services

13,973 visits/mo 0.1 miles

Taco Bell Dining

12,039 visits/mo 0.2 miles

Tractor Supply Co. Home Improvements & Furnishings

8,309 visits/mo 0.5 miles

Demographics for 47501, IN

18,003

Population

7,696

Households

2.3

Avg Household Size

39

Median Age

16%

College-Educated

85%

High-School Grad

139.4 sq mi

ZIP Area

129

Density / Sq Mi

$60,476

Median Household Income

$36,750

Median Earnings

$857

Median Rent

$155,600

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

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Shopping Center Retail Space

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Frequently Asked Questions

What type of property is this?

Retail space - Available retail suite within a neighborhood shopping center, supported by central air conditioning.

Where is this retail space located?

The property is located at 116 Cherry Tree Plaza Washington, IN.

What is the lease rate?

The lease rate is $12 SF/Yr.

What are key features of this property?

This property features: 1,200‑square‑foot retail space; Located within Cherry Tree Plaza shopping center; Central air conditioning