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    5435 Pearl Dr Evansville, IN 47712

    For Lease
    $15 SF/Yr

    Thriving Westside location, multiple suites available

    Lot size:
    25,159 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This single-story, 25,159 square foot strip center, built in 2000, is located at 5435 Pearl Drive, Evansville, Indiana, across from AMC Theaters. The property, zoned C-4, features nine suites with a minimum divisible space of 2,272 square feet and a maximum contiguous space of 2,272 square feet. Currently, 2,272 square feet are vacant, offering immediate occupancy opportunities. The center boasts a strong tenant mix including Palm Beach Tan, Crumbl Cookies, Osaka Japanese Hibachi & Sushi, Commonwealth Pain & Spine, Pearle Vision, Pretty Nails, and Buffalo Wild Wings, establishing a vibrant and successful retail environment. This property presents a unique opportunity for businesses seeking high visibility and access to a dense consumer base in Evansville's Westside retail district. The property's address is 5435 Pearl Drive, Evansville, IN 47712, with a cross street of Red Bank Road and APN 82-05-28-007-452.027-024 in Vanderburgh County.

    Property Features for 5435 Pearl Dr

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    25,159 SF
    Total Rate
    31448.75

    Building Details

    Year Built
    2000
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    5A
    Size
    2,272 SF
    Rate per SF
    $15
    Space
    Suite 3A
    Size
    1,240 SF
    Rate per SF
    $16

    HighLights

    • High‑visibility location with Lloyd Expressway frontage and signage opportunities.
    • Excellent access from Red Bank Road and Boehne Camp Road.
    • Short drive to the University of Southern Indiana (USI) campus, serving over 12,500 students and faculty.
    • Strong consumer base encompassing Mt. Vernon, IN and Southern Illinois.
    • Surrounded by major retailers including Walmart, Lowe's, Home Depot, Schnucks, AMC Theatres, and numerous other national and local businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Crumbl - Evansville Westside Bakery Dr. Jason Lewis, ... Pain Management Physician Dr. Jenna Dismore, ... Pain Management Physician Dr. James Jackson, ... Pain Management Physician Westside Smoke Shop Tobacco Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.641706195089
    Latitude
    37.974816576851

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    FAQs

    What type of property is this?
    Neighborhood center - Thriving Westside location, multiple suites available
    Where is this neighborhood center located?
    The property is located at 5435 Pearl Dr Evansville, IN.
    What is the lease rate?
    The lease rate is $15-$16 SF/Yr.
    What are key features of this property?
    This property features: High-visibility location with Lloyd Expressway frontage and signage opportunities.; Excellent access from Red Bank Road and Boehne Camp Road.; Short drive to the University of Southern Indiana (USI) campus, serving over 12,500 students and faculty.
    Request Owner's contact information
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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
    5435 Pearl Dr Evansville, IN 47712
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