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Retail Space in High-Traffic Area
For Lease
$14.25 SF/Yr

5225 Pearl Dr, Evansville, IN 47712

2,250 SF retail space in a busy shopping center.

Space Size1,900 SF - 2,250 SF
Property Size15,250 SF
Days on Market157

Property Features for 5225 Pearl Dr

General Information

Standard status Active
Size 1,900 SF - 2,250 SF
Property subtype Retail
Lease Type SF/yr
Lease Term NNN

Building Details

Building Size 15,250 SF
Year Built 2000

Spaces For Lease

at 5225 Pearl Dr Contact us

5225 Pearl Drive Suite A2 $14.25/SF/Yr

Size
2,250 SF
Type
Strip Center
Term
36+ months
Contact us

5225 Pearl Dr Suite B $14.25/SF/Yr

Size
1,900 SF
Type
Strip Center
Term
Negotiable
Contact us
Listing Agency: SVN | The Martin Group Indianapolis
Listed By: Chris Stuard · License #IN #RB1404888
Source: Svnmartin
Added: Mar 6 Changed: Aug 8 Last Checked: Aug 8 at 2:13PM

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 Indianapolis

Investment Insights

Based on property information with market context.

Located at 5225 Pearl Dr. in Evansville, IN, Suite A2 offers 2,250 SF of retail space for lease. Constructed in 2000, this multi-tenant retail center spans 15,250 SF and features established tenants such as Azzip Pizza, OneMain Financial, and State Farm. The location benefits from high consumer traffic due to its strong co-tenancy and proximity to major retailers like Home Depot and Walmart. Situated on Evansville's west side, the property is within a 3-mile radius of nearly 28,000 residents. With over 33,000 vehicles passing daily on Pearl Dr, this suite provides an opportunity for retail, service, or professional office users seeking visibility and convenience in a high-demand trade corridor.

Key Highlights

  • High‑traffic location with over 33,000 vehicles per day on Pearl Dr.
  • Located directly in front of Walmart and Home Depot, providing excellent visibility and consumer draw.
  • Strong co‑tenancy with established national and regional brands.

Property Analytics

Current Use

Curt Hamilton Injury ... Law Firm The CBD Store Specialty Food Shop Azzip Pizza Restaurant Brian Southern - State ... Insurance Agency Cool Breeze Vapor (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Law Firm Building Supply Real Estate Agency Big Box & Wholesale Store Auto Repair Shop Kitchen & Bath Showroom

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
$2.14 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

583
Businesses Nearby

Demographics for 47712, IN

24,895
Population
10,795
Households
2.3
Avg Household Size
35
Median Age
29%
College-Educated
93%
High-School Grad
62.7 sq mi
ZIP Area
397
Density / Sq Mi
$64,285
Median Household Income
$36,018
Median Earnings
$933
Median Rent
$173,500
Median Home Value

Market

Lease Benchmarks for Evansville, IN

$9.79 /SF/Yr
Avg Asking Price
$2.21–$17.85 /SF/Yr
Price Range
5,817 SF
Avg Space Size

This space is priced 46% above the average of $9.79 /SF/Yr.

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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Frequently Asked Questions

What type of property is this?
Retail space - 2,250 SF retail space in a busy shopping center.
Where is this retail space located?
The property is located at 5225 Pearl Dr Evansville, IN.
What is the lease rate?
The lease rate is $14.25 SF/Yr.
What are key features of this property?
This property features: High‑traffic location with over 33,000 vehicles per day on Pearl Dr.; Located directly in front of Walmart and Home Depot, providing excellent visibility and consumer draw.; Strong co‑tenancy with established national and regional brands.
More about this property
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