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Office Building with Vacant Space
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500 N Weinbach Ave, Evansville, IN 47711

Daycare occupies the south portion while the north portion is vacant with parking and flexible office layout potential.

Property SizeContact for details
Days on Market121

Property Features for 500 N Weinbach Ave

General Information

Standard status Active
Property subtype Mixed Use

Additional Details

Highway Access Yes
Listing Agency: Keller Williams Capital Realty
Listed By: Charlie Butler · License #IN RB14034751
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 22 at 5:37PM

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 Keller Williams Capital Realty

Investment Insights

Based on property information with market context.

This investment property includes space currently occupied by a daycare center on the south end, with the northern portion of the building currently vacant. The building has historically served multiple business uses or a single business, and the vacant area can be operated as one business or divided into several small offices.

Easy access and plenty of parking support day-to-day operations, and the property is situated on Weinbach Avenue, described as a high-traffic corridor with nearby residential and commercial sites. Highway 41 (Lloyd Expressway) is only seconds away.

The property is also positioned about two minutes from the University of Evansville and under five minutes from Swonder Ice Arena, Wesselman Park, and two golf courses, providing convenient access for staff and visitors.

Key Highlights

  • Daycare center occupies the south portion of the building for $700/month.
  • North portion of the building is currently vacant and offers easy access with plenty of parking.
  • Vacant space can be used as one business or divided into several small offices.

Property Analytics

Current Use

Children’s Palace Childcare ... Daycare Center The Peters-Margedant House Museum

Suggested Use

Top Pick Law Firm Parking Lot & Garage HVAC Service (Bike/Boat/Book/etc) Store Storage Facility Cafe & Coffee Shop

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

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

570
Businesses Nearby

Demographics for 47711, IN

31,266
Population
14,487
Households
2.2
Avg Household Size
41
Median Age
24%
College-Educated
91%
High-School Grad
16.5 sq mi
ZIP Area
1,895
Density / Sq Mi
$65,398
Median Household Income
$39,114
Median Earnings
$982
Median Rent
$156,200
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office units - Daycare occupies the south portion while the north portion is vacant with parking and flexible office layout potential.
Where is this office units located?
The property is located at 500 N Weinbach Ave Evansville, IN.
What are key features of this property?
This property features: Daycare center occupies the south portion of the building for $700/month.; North portion of the building is currently vacant and offers easy access with plenty of parking.; Vacant space can be used as one business or divided into several small offices.
(812) 449-0050 Call to check price and availability
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