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    2225 W Franklin St Evansville, IN 47712

    For Sale
    $1,199,000

    Retail building with parking in Evansville's W Franklin Street.

    Property size:
    10,094 SF
    Lot size:
    0.34 Acres

    Property Features for 2225 W Franklin St

    General Information

    Size
    10,094 SF
    Lot size
    0.34 Acres

    Source: F.C. Tucker Commercial Agent Kyle Bernhardt

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

    Overview

    W Franklin Street Retail Building

    This building on W Franklin Street presents a rare ownership opportunity. Formerly occupied by Paul’s Menswear until its closure in 2024, the property is now available for a new business. The main floor features an open retail space, two bathrooms, a kitchen area, and built-in dressing rooms. The second floor offers a wide-open area that was previously used for storage but has the potential for conversion into apartments or production space. A parking area is located behind the building, providing space for 30 cars, in addition to parking available along W Franklin Street. The property has a size of 10094 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Paul's Menswear Men'S Clothing Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.5987014
    Latitude
    37.9808837

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    FAQs

    What type of property is this?
    Retail space - Retail building with parking in Evansville's W Franklin Street.
    Where is this retail space located?
    The property is located at 2225 W Franklin St Evansville, IN.
    What is the asking price?
    The asking price for this property is $1,199,000.
    What are key features of this property?
    This property features: - Prime location on W Franklin Street.; - Wide open retail space on the main floor.; - Second floor offers flexible space for apartments or production.
    (812) 455-7577
    Request Owner's contact information
    2225 W Franklin St 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
    2225 W Franklin St Evansville, IN 47712
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