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    5625 Pearl Dr Evansville, IN 47712

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    For Lease
    $16 SF/Yr

    High-visibility retail space near Lloyd Expressway and USI campus.

    Property size:
    24,124 SF
    Lot size:
    24,124 SF

    Property Features for 5625 Pearl Dr

    General Information

    Size
    24,124 SF

    Building Details

    Year built
    2001

    Source: Scott Hyatt, CCIM Agent Scott Hyatt, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Retail Space on Pearl

    Located at 5625 Pearl Dr, Evansville, IN, this property presents an exceptional lease opportunity. It offers high visibility with prime frontage and signage along the Lloyd Expressway, ensuring maximum exposure. The location is easily accessible from Red Bank Road and Boehne Camp Road and is situated minutes from the USI campus, which has over 12,500 students and faculty. The area is located on Evansville's dynamic West Side, which is near retail shops, restaurants, and recreational green spaces. Nearby attractions include Wesselman Woods Nature Preserve and the West Side Library. Tropicana Evansville is also a short drive away. Area retailers include Super Walmart, Lowe’s, Home Depot, Schnucks Supermarket, and AMC Theaters, along with other national and local retailers. Built-out office space is available for immediate occupancy. The NNN expense is $4.15 PSF. The property size is 24124 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    C Miles Construction, ... Home Builder Tri-State Orthopaedics - Evansville ... Orthopedic Clinic ProRehab Physical & Occupational ... Physical Therapist Kaleb Hammersley Real Estate Agency Total Hip & Knee ... Orthopedic Surgeon

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    University Village, Red Bank Commons

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.6436623
    Latitude
    37.9743435

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    FAQs

    What type of property is this?
    Shopping center - High-visibility retail space near Lloyd Expressway and USI campus.
    Where is this shopping center located?
    The property is located at 5625 Pearl Dr Evansville, IN.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: - High visibility with **prime frontage and signage along the Lloyd Expressway**, ensuring maximum exposure.; - Convenient access from Red Bank Road and Boehne Camp Road.; - Minutes from USI campus (over 12,500 students and faculty).
    (812) 430-4989
    Request Owner's contact information
    5625 Pearl Dr Evansville, IN 47712
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    Evansville, IN 47712
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5625 Pearl Dr Evansville, IN 47712
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