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    20 3Rd St Evansville, IN 47708

    Sponsored
    For Lease
    $16 SF/Yr

    Class A Office Space, 6 Suites Available

    Lot size:
    178,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    The Fifth Third Center, located at 20 NW 3rd St in Evansville, Indiana, presents a unique opportunity for businesses seeking prime downtown office space. This Class A, two-story building, totaling 178,000 square feet, underwent renovations in 2018 and boasts a desirable location just two blocks from the Ohio River. The building features six high-quality suites, with sizes ranging from a minimum of 899 square feet to a maximum contiguous space of 6,000 square feet. Currently, 21,593 square feet of space is available for lease. The building is situated in a vibrant area, surrounded by numerous restaurants, other professional offices, residential buildings, and additional retail establishments, ensuring high visibility and convenient access to amenities. The property sits on a 1.37-acre lot and is zoned C-4. Building amenities include six elevators (five passenger and one freight). Built in 1981, this property offers a blend of classic architecture and modern updates, making it an ideal location for businesses of all sizes. The landlord is open to build-to-suit options for larger tenants. This is a multi-tenant building in the heart of Evansville's downtown submarket, within Vanderburgh County, Indiana, and conveniently located near the Ohio River. The property's address is 20 NW 3rd St, Evansville, IN 47708.

    Property Features for 20 3Rd St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    178,000 SF
    Class
    A
    Total Rate
    244750

    Building Details

    Year Built/Renovated
    1981/2018
    Stories
    2

    Unit(s) available at that property

    Space
    1st Floor
    Size
    5,000 SF
    Rate per SF
    $16
    Space
    Suite 330
    Size
    1,621 SF
    Rate per SF
    $18
    Space
    Suite 420
    Size
    1,878 SF
    Rate per SF
    $18
    Space
    Suite 220
    Size
    899 SF
    Rate per SF
    $18
    Space
    Suite 1300
    Size
    6,000 SF
    Rate per SF
    $18
    Space
    Suite 400
    Size
    2,610 SF
    Rate per SF
    $18

    HighLights

    • Flexible floor plans.
    • Abundant covered parking in attached garage.
    • On‑site property management.
    • On‑site banking services.
    • Shared tenant lounge.
    • Multiple conference rooms and training facilities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Empowerment Behavioral Services, ... Counselor EVV Pilots Club Non-Profit Organization Evansville Philharmonic Orchestral ... Orchestra Jones Wallace LLC Attorney Morgan & Morgan Personal Injury Attorney

    Suggested Use

    Realty agency Spa & Massage Restaurant Dental Office Hair Salon Nail Salon Law Firm Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.573184
    Latitude
    37.97131

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office Space, 6 Suites Available
    Where is this office property / space located?
    The property is located at 20 3Rd St Evansville, IN.
    What is the lease rate?
    The lease rate is $16-$18 SF/Yr.
    What are key features of this property?
    This property features: Flexible floor plans.; Abundant covered parking in attached garage.; On-site property management.
    Request Owner's contact information
    20 3Rd St Evansville, IN 47708
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    Evansville, IN 47708
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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
    20 3Rd St Evansville, IN 47708
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