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Downtown Evansville Office Space Available
For Lease
$16.50 SF/Yr

20 NW Third Street, Evansville, IN 47708

Office suites for rent in downtown Evansville, Indiana.

Space SizeContact for details
Days on Market237

Property Features for 20 NW Third Street

General Information

Standard status Active
Property subtype Office

Site & Location

Neighborhood Downtown

Building Details

Year Built 1981
Listing Agency: SVN | The Martin Group
Listed By: Matt Kiefer · License #IN #RB19001801
Source: Svnmartin
Added: Mar 6 Changed: Jul 6 Last Checked: Oct 28 at 6:00AM

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

Rey
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Investment Insights

Based on property information with market context.

Located two blocks from the Ohio River, the Fifth Third Center is positioned in the heart of downtown Evansville's commercial district. The surrounding area includes restaurants, professional offices, multifamily residences, and retail establishments. Suites are available, ranging from 1000 square feet to multiple floors, with the possibility of the landlord building to suit. On-site amenities include ample parking in an attached covered garage, on-site building management, on-site banking, a common tenant lounge, and multiple conference and training rooms. Furnished office space is available, and the space can be built out to meet tenant needs. The facility is currently in year 4 of a 5-year capital improvement and renovation plan. Flexible layouts are available.

Key Highlights

  • Prime downtown location in the center of commerce.
  • Opportunity for landlord to build to suite based on tenant needs.
  • Ample on‑site parking in attached covered parking garage.

Property Analytics

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

Current Use

Empowerment Behavioral Services, ... Counselor EVV Pilots Club Charitable Organization Evansville Philharmonic Orchestral ... Theater & Performing Art Venue Jones Wallace LLC Law Firm Morgan & Morgan Law Firm

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Florist Tanning Salon Storage Facility Carpet & Flooring Store Pet Store

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

NNN (Triple Net)
Lease Type
$2.48 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,059
Businesses Nearby

Demographics for 47708, IN

501
Population
538
Households
0.9
Avg Household Size
39
Median Age
46%
College-Educated
91%
High-School Grad
0.6 sq mi
ZIP Area
835
Density / Sq Mi
$55,436
Median Household Income
$47,750
Median Earnings
$1,154
Median Rent
$241,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Lease Benchmarks for Evansville, IN

$11.63 /SF/Yr
Avg Asking Price
$8.5–$16.5 /SF/Yr
Price Range
11,765 SF
Avg Space Size

This space is priced 42% above the average of $11.63 /SF/Yr.

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

Frequently Asked Questions

What type of property is this?
Office building - Office suites for rent in downtown Evansville, Indiana.
Where is this office building located?
The property is located at 20 NW Third Street Evansville, IN.
What is the lease rate?
The lease rate is $16.50 SF/Yr.
What are key features of this property?
This property features: Prime downtown location in the center of commerce.; Opportunity for landlord to build to suite based on tenant needs.; Ample on‑site parking in attached covered parking garage.
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