Search
Class A Office Building
For Sale
Contact for pricing

221 Northwest 5th Street, Evansville, IN 47708

Class A office building available for sale in the central business district within a designated Opportunity Zone.

Property Size32,270 SF
Price / SF$60.43
Days on Market61

Property Features for 221 Northwest 5th Street

General Information

Standard status Active
Size 32,270 SF
Class A
Property subtype Office
Zoning C-3

Building Details

Year Built 1909
Year Renovated 2022
Listing Agency: FC Tucker Commercial
Listed By: Will Smith · License #RB18000507
Source: Crexi
Added: Jul 9 Changed: Sep 4 Last Checked: Sep 6 at 11:40PM

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 FC Tucker Commercial

Investment Insights

Based on property information with market context.

This Class A office building is offered for sale as a central business district investment and is located within a designated Opportunity Zone. The property is marketed as a premier central business district asset.

The building is located at 221 Northwest 5th Street in Evansville, Indiana. The listed property size is 32,270 square feet.

For investors or owner-users seeking a Class A office asset in a designated Opportunity Zone, this offering presents a single, identifiable office building opportunity in the central business district.

Key Highlights

  • Class A office building for sale in the central business district
  • Located within a designated Opportunity Zone
  • Built in 1909

Property Analytics

Current Use

Jackson Kelly, PLLC Law Firm Angela L. Freel Law Firm Griner Justin L Law Firm Lockyear Title, LLC Title Company Dimmitt Lauren E Law Firm

Suggested Use

Top Pick Storage Facility Nail Salon (Bike/Boat/Book/etc) Store Furniture & Home Goods Florist Carpet & Flooring 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.

Location Intelligence

Trade Area within ½ mile

2,355
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

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
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Office building - Class A office building available for sale in the central business district within a designated Opportunity Zone.
Where is this office building located?
The property is located at 221 Northwest 5th Street Evansville, IN.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Class A office building for sale in the central business district; Located within a designated Opportunity Zone; Built in 1909
(812) 480-0553 Call to check price and availability
More about this property
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