Corner Commercial Development
For Sale
$59,900
318 320 322 E Cherry Street, Evansville, IN 47713
LOTS AND LAND, Evansville, IN
Property SizeContact for details
Lot Size0.33 Acres
Days on Market261
Property Features for 318 320 322 E Cherry Street
General Information
Property type
Land
Property subtype
Other
Subdivision
Dalzell Place
Lot features
Corner, City, Commercial
Elementary school
Tekoppel
Middle school
Helfrich
High school
Francis Joseph Reitz
Elementary school district
Evansville-Vanderburgh School Corp.
Middle school district
Evansville-Vanderburgh School Corp.
High school district
Evansville-Vanderburgh School Corp.
Directions
From the Lloyd take the Division St exit and turn s onto Governor St then turn W onto E Cherry.
Standard status
Active
APN
82-06-29-021-043.015-029
Lot size
0.33 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Dalzell Place lot 23, Dalzell Pl L22 PT L21, Dalzell PL LT20 &1/2 LT21
Legal Description
Dalzell Place lot 23, Dalzell Pl L22 PT L21, Dalzell PL LT20 &1/2 LT21
Listing Agency:
RE/MAX REVOLUTION · RE/MAX International
(812) 573-0030
Listed By:
Jane Crowley · License #RB14021477
(812) 760-7334
Added: Dec 12, 2025
Changed: Aug 26
Last Checked: Aug 30 at 12:06PM
MLS# 202548760
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.
Investment Insights
Based on property information with market context.
This offering includes three adjoining parcels being sold together as a single package: 318 E Cherry Street, 320 E Cherry Street, and 322 E Cherry Street. The lots total 99 feet of frontage along E Cherry Street and extend 144 feet in depth along S Governor, per the Vanderburgh County Assessor. Parcel 322 E Cherry is zoned C-4 Commercial, while 320 and 318 E Cherry are zoned R-5 Residential.
The property sits at the corner of S Governor and E Cherry in the near-downtown area of Evansville. Surrounding uses include a mix of residential properties, commercial development, and institutional uses, supporting a variety of potential site plans. The seller notes the R-5-zoned parcels may be retained for residential offering flexibility or that the new owner may request a zoning change.
For buyers seeking development flexibility, this site provides both a commercially zoned component and additional residential-zoned frontage within one consolidated footprint. The corner configuration and combined street exposure can be helpful for projects that benefit from visibility along both E Cherry Street and S Governor.
The property sits at the corner of S Governor and E Cherry in the near-downtown area of Evansville. Surrounding uses include a mix of residential properties, commercial development, and institutional uses, supporting a variety of potential site plans. The seller notes the R-5-zoned parcels may be retained for residential offering flexibility or that the new owner may request a zoning change.
For buyers seeking development flexibility, this site provides both a commercially zoned component and additional residential-zoned frontage within one consolidated footprint. The corner configuration and combined street exposure can be helpful for projects that benefit from visibility along both E Cherry Street and S Governor.
Key Highlights
- Three adjoining lots sold as a package at the corner of S Governor and E Cherry in the near‑downtown area
- Combined E Cherry Street frontage: 99 ft; depth: 144 ft along S Governor (per Vanderburgh County Assessor)
- 322 E Cherry is zoned C‑4 Commercial
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,329
Businesses Nearby
Explore this area
Business Placement
Demographics for 47713, IN
9,916
Population
5,507
Households
1.8
Avg Household Size
35
Median Age
21%
College-Educated
88%
High-School Grad
5.0 sq mi
ZIP Area
1,983
Density / Sq Mi
$37,448
Median Household Income
$29,366
Median Earnings
$931
Median Rent
$85,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Three adjoining lots offer corner exposure with mixed zoning across commercial and residential designations.
Where is this commercial land located?
The property is located at 318 320 322 E Cherry Street Evansville, IN.
What is the asking price?
The asking price for this property is $59,900.
What are key features of this property?
This property features: Three adjoining lots sold as a package at the corner of S Governor and E Cherry in the near‑downtown area; Combined E Cherry Street frontage: 99 ft; depth: 144 ft along S Governor (per Vanderburgh County Assessor); 322 E Cherry is zoned C‑4 Commercial
