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16-Store Shopping Center
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400-632 East Diamond Avenue, Evansville, IN 47711

Multi-tenant retail center with separately metered tenant utility responsibility and a broad commercial footprint.

Property Size142,629 SF
Lot Size10.00 Acres
Price / SF$108.67
Days on Market133

Property Features for 400-632 East Diamond Avenue

General Information

Standard status Active
Size 142,629 SF
Lot size 10.00 Acres
Property subtype Retail
Net Operating Income $1,101,282

Additional Details

Gross Income $1,327,124

Building Details

Tenancy Multi
Listing Agency: CENTURY 21 Sherlock Homes
Listed By: Roger Hart · License #NY
Source: Crexi
Added: Apr 21 Changed: Aug 30 Last Checked: Aug 30 at 3:49PM

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 CENTURY 21 Sherlock Homes

Investment Insights

Based on property information with market context.

The property is a multi-tenant shopping center comprising 16 retail stores across 142,629 square feet of building area. The center occupies a 10-acre site and is configured for multiple retail occupants, providing a substantial commercial operating platform at one address.

Located at 400-632 East Diamond Avenue in Evansville, Indiana, the property offers a consolidated retail setting along an established commercial corridor. Tenants pay their own utility costs, supporting a clear division of occupancy-related responsibilities.

Key Highlights

  • 16 retail stores within a 142,629‑square‑foot shopping center
  • 10‑acre site in Evansville, Indiana
  • Address spans 400‑632 East Diamond Avenue

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Law Firm Pharmacy Bakery (Bike/Boat/Book/etc) Store Skin Care Clinic

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

399
Businesses Nearby
Balanced
Demand for This Use

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 Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Similar Off Market Nearby

  • Diamond Center 607 E Diamond Ave, Evansville, IN 47711
  • The Exchange 2217 N Kentucky Ave, Evansville, IN 47711
  • Town Center North 580 E Diamond Ave, Evansville, IN 47711

Frequently Asked Questions

What type of property is this?
Shopping center - Multi-tenant retail center with separately metered tenant utility responsibility and a broad commercial footprint.
Where is this shopping center located?
The property is located at 400-632 East Diamond Avenue Evansville, IN.
What is the asking price?
The asking price for this property is $15,500,000.
What are key features of this property?
This property features: 16 retail stores within a 142,629‑square‑foot shopping center; 10‑acre site in Evansville, Indiana; Address spans 400‑632 East Diamond Avenue
(516) 459-5379 Call to check price and availability
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