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2.49-Acre Development Land Tract
For Sale
$210,000

59 S Red Bank Rd, Evansville, IN 47712

2.49-acre land parcel with mature trees and access to a major retail shopping area in the Tri-State region.

Property SizeContact for details
Lot Size2.49 Acres
Days on Market114

Property Features for 59 S Red Bank Rd

General Information

Standard status Active
Lot size 2.49 Acres
Property subtype Land
Listing Agency: SVN | The Martin Group Evansville
Listed By: Richard Clements · License #IN #RB18002031
Source: Svn
Added: May 21 Changed: Sep 4 Last Checked: Sep 11 at 8:13AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | The Martin Group Evansville

Investment Insights

Based on property information with market context.

This offering presents a 2.49-acre land tract with mature trees. The property includes access to one of the Tri-State region’s busiest retail shopping locations, supporting a variety of development considerations.

The land is positioned for visibility and connectivity to an active retail destination in Evansville, Indiana, with access to the shopping area referenced in the listing.

The seller describes the site as suitable for either retail or multifamily development. All details beyond land size, mature trees, and the noted access should be confirmed during due diligence.

Key Highlights

  • 2.49‑acre land parcel with mature trees
  • Access to one of the Tri‑State's busiest retail shopping locations
  • Suitable for retail or multifamily development

Property Analytics

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Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop HVAC Service

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

Location Intelligence

Trade Area within ½ mile

644
Businesses Nearby

Demographics for 47712, IN

24,895
Population
10,795
Households
2.3
Avg Household Size
35
Median Age
29%
College-Educated
93%
High-School Grad
62.7 sq mi
ZIP Area
397
Density / Sq Mi
$64,285
Median Household Income
$36,018
Median Earnings
$933
Median Rent
$173,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Commercial land - 2.49-acre land parcel with mature trees and access to a major retail shopping area in the Tri-State region.
Where is this commercial land located?
The property is located at 59 S Red Bank Rd Evansville, IN.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: 2.49‑acre land parcel with mature trees; Access to one of the Tri‑State's busiest retail shopping locations; Suitable for retail or multifamily development
More about this property
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