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Two-Property Retail Center Portfolio
New
For Sale
$3,950,000

1735 S State Road 57 Highway, Washington, IN 47501

COMMERCIAL, Washington, IN

Property SizeContact for details
Lot Size1.68 Acres
Days on Market3

Property Features for 1735 S State Road 57 Highway

General Information

Property type Commercial Sale
Property subtype Retail
Zoning description Commercial Roadside
Parking features Off Street
Lot features City
Directions From Hwy 50 Bypass & Hwy 57 intersection turn right on Hwy 57. Turn left at the first stop light. Property is on the right.
Subdivision Daviess County
Standard status Active
APN 14-13-03-300-005.004-016
Lot size 1.68 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description Bypass 50 Subdivision, Lots 1 & 2
Tax Annual Amount 20419
Legal Description Bypass 50 Subdivision, Lots 1 & 2

Utilities

Cooling system Multi Units, Central Air

Building Details

Year built 2008
Flooring type Mixed, Laminate, Tile - Ceramic
Roof type Flat
Buildings 2
Listing Agency: Vic Hopkins Agency
Listed By: Benjamin Hopkins
Added: Nov 4 Last Checked: Nov 6 at 12:06PM
MLS# 202645472

Copyright © 2026 Southwest Indiana Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This retail property comprises two strip centers on a 1.68-acre site. Built in 2008, the buildings have mixed flooring that includes ceramic tile and laminate, central air conditioning with multiple units, and off-street parking.

The centers are near Walmart and other retail businesses, with visibility from Indiana 57 and the Highway 50 Bypass. Interstate 69 is a short drive away.

Key Highlights

  • Two strip centers on 1.68 acres
  • Built in 2008
  • Visible from Indiana 57 and the Highway 50 Bypass

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Strip malls

Location Intelligence

Trade Area within ½ mile

133
Businesses Nearby
112k
Monthly Visits Nearby

Foot Traffic Nearby

Superstores 52% Shops & Services 22% Dining 14% Apparel 6%
Walmart Superstores
57,689 visits/mo 0.2 miles
Washington #2 Shops & Services
13,548 visits/mo 0.3 miles
Burger King Dining
12,844 visits/mo 0.1 miles
Dollar Tree Shops & Services
7,236 visits/mo 0.1 miles
Shoe Sensation Apparel
4,499 visits/mo 0.2 miles

Demographics for 47501, IN

18,003
Population
7,696
Households
2.3
Avg Household Size
39
Median Age
16%
College-Educated
85%
High-School Grad
139.4 sq mi
ZIP Area
129
Density / Sq Mi
$60,476
Median Household Income
$36,750
Median Earnings
$857
Median Rent
$155,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025

Frequently Asked Questions

What type of property is this?
Strip mall - Two retail centers offer off-street parking and central air conditioning in a commercial retail setting.
Where is this strip mall located?
The property is located at 1735 S State Road 57 Highway Washington, IN.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Two strip centers on 1.68 acres; Built in 2008; Visible from Indiana 57 and the Highway 50 Bypass
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