Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2331-2333 Washington Ave Evansville, IN 47714

    For Sale
    $250,000

    Commercial office and residential apartment in thriving commercial corridor.

    Property size:
    2,078 SF
    Lot size:
    0.26 Acres

    Property Features for 2331-2333 Washington Ave

    General Information

    Size
    2,078 SF
    Lot size
    0.26 Acres

    Source: NAI Prime Commercial Agent Scott Hyatt, CCIM

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

    Overview

    Mixed-Use Investment Opportunity

    This property presents an excellent investment opportunity, featuring a 1,050 square foot commercial office unit and a 1,028 square foot 2-bedroom, 1-bath residential apartment. Situated in a thriving commercial corridor, the property is surrounded by businesses and amenities, benefiting from high daily traffic and strong visibility. The location offers convenient access to the Lloyd Expressway and proximity to the University of Evansville. This property is ideal for investors seeking dual income streams or an owner-user looking to operate a business while offsetting expenses with residential rental income. The property offers versatility for a variety of users.
    Location Intelligence

    Current Use by Public Records

    Office space

    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
    -87.5212911
    Latitude
    37.9624733

    Nearby Similar for Sale

    • $4,900,000
      35.00 Acres

      Remarkable Mixed-Use Property with Equestrian Center

      35-acre property with potential for commercial or residential use.
      7700 Henze Rd, Evansville, IN 47720
      View Details
    • $110,000
      Pending

      Evansville Fiveplex with Renovation Potential

      Five-unit multifamily property in downtown Evansville, offering significant upside potential.
      216 Oak St, Evansville, IN 47713
      View Details
    • $1,225,000
      0.07 Acres

      Restored Restaurant/Bar Opportunity

      Restored bar and restaurant in downtown Evansville.
      22 NW 6Th St, Evansville, IN 47708
      View Details
    • $265,000
      Pending

      Brick Duplex on Corner Lot

      Desirable duplex with income potential on a corner lot.
      213 Lorshelna Dr, Evansville, IN 47711
      View Details
    • $275,000
      Pending

      Income-Producing Triplex in Evansville, IN

      Income-generating triplex, ideal for short-term rentals or long-term leases.
      903 Edgar St, Evansville, IN 47710
      View Details
    • $236,000
      0.40 Acres

      Mixed-Use Property with Ample Parking

      Mixed-use property featuring multiple buildings and ample parking.
      1319/1321 N 1St Ave, Evansville, IN 47710
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Commercial office and residential apartment in thriving commercial corridor.
    Where is this mixed-use property located?
    The property is located at 2331-2333 Washington Ave Evansville, IN.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - Dual Income Potential: Commercial office unit (1,050 SF) and residential apartment (1,028 SF, 2-bed, 1-bath).; - Prime Location: Thriving commercial corridor with high visibility and traffic.; - Investment Opportunity: Ideal for investors or owner-users.
    (812) 430-4989
    Request Owner's contact information
    2331-2333 Washington Ave Evansville, IN 47714
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2331-2333 Washington Ave
    Evansville, IN 47714
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2331-2333 Washington Ave Evansville, IN 47714
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.