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    5200 Washington Ave Evansville, IN 47715

    Sponsored
    For Lease
    $14 SF/Yr ($19,027 /Mo)

    Modern Office, 504 SF Available

    Lot size:
    15,978 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional creative office space, located at 5200 Washington Ave in Evansville, Indiana, offers a unique opportunity for businesses seeking a vibrant and functional workspace. The building, a Class B property constructed in 1974 and extensively renovated in 2018, boasts a total of 15,978 square feet spread across three stories. Currently, 504 square feet of office space is immediately available for lease within this single-building complex. The building features convenient amenities including one passenger elevator. Its prime location on Washington Avenue provides excellent visibility and accessibility, with easy access to major thoroughfares such as Green River Road, the Lloyd Expressway (SR 66), I-69, and Highway 41. The property is zoned CO-2 and is situated in Vanderburgh County, Indiana, with a zip code of 47715. The building's address is 5200 Washington Ave, Evansville, IN 47715. The property's APN is 82-06-25-011-121.016-027. This is a multi-tenant building offering a dynamic and convenient location for businesses of all sizes. The modern updates and prime location make this an ideal space for companies seeking a professional and easily accessible office environment in Evansville's thriving Eastside.

    Property Features for 5200 Washington Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,978 SF
    Class
    B
    Total Rate
    19027.14

    Building Details

    Year Built/Renovated
    1974/2018
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    Suite A
    Size
    504 SF
    Rate per SF
    $14

    HighLights

    • 504 SF of immediately available Class B office space in a three‑story, 15,978 SF building.
    • Recently renovated with new lighting, carpet, and paint.
    • Ample on‑site parking.
    • Tenant pays only phone and internet.
    • Strong tenant mix including Weichert Realtors, In‑Sight Optical, and others.
    Property Profile Location Intelligence

    Current Use by Public Records

    Home Video Studio, ... Video Production Service Mitch Schulz, Weichert ... Real Estate Agent Dr. Daniel J. ... Dentist Flick Gene R ... Psychiatrist FIRST ON SCENE CPR, ... Emergency Training School

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.4879433
    Latitude
    37.9626222

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    FAQs

    What type of property is this?
    Office space - Modern Office, 504 SF Available
    Where is this office space located?
    The property is located at 5200 Washington Ave Evansville, IN.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: 504 SF of immediately available Class B office space in a three-story, 15,978 SF building.; Recently renovated with new lighting, carpet, and paint.; Ample on-site parking.
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    5200 Washington Ave Evansville, IN 47715
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5200 Washington Ave Evansville, IN 47715
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