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    Evansville, IN
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    Evansville, IN Medical Office Space for Sale

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    Evansville Medical Office Building For Sale
    Updated: Sep 25, 2024
    Evansville Medical Office Building For Sale

    1125 Professional Blvd, Evansville, IN 47714

    $5,790,000
    16,872 sqft
    Single‑tenant, NNN leased medical office building for passive income.
    Leased to St. Vincent Hospitals, part of Ascension Health.
    Recent lease extension shows tenant commitment.
    Located in Evansville, Indiana, a strategic market.
    Adjacent to Ascension St. Vincent’s Evansville Hospital.
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    This listing looks promising.

    Here's a quick look at some key insights for

    1125 Professional Blvd, Evansville, IN 47714

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    • Est. Cap Rate

      3.8%
      NOI ÷ price

    • Est. NOI

      $221K
      Annual

    • Mortgage

      $4.08M
      Jan 2020

    • Property Type

      Medical Building
      Built 1994
    View Property Analytics
    Professional Office Space with Private Entrance
    Updated: Apr 10
    Professional Office Space with Private Entrance

    2610 S Green River Road, Evansville, IN 47715

    $699,900
    0.50 AC lot
    3,000+ SF commercial office space built in 1995 with central air and a metal roof
    Layout includes two large furnished private offices, three conference rooms, and a designated reception/foyer area
    Half bath near the rear plus a kitchen area near the entrance for staff use
    Oversized storage area with elaborate shelving and a private entrance for operations or inventory management
    Paved parking with ADA‑compliant spaces and approximately 33 additional parking spots
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    New Heartland Dental NNN Lease
    New Heartland Dental NNN Lease

    12901 N US Hwy 41, Evansville, IN

    $2,293,780
    3,864 sqft 0.82 AC lot

    New 10-year NNN lease with corporate guaranty.

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    Promenade Retail Center For Sale
    Promenade Retail Center For Sale

    1223 Hirschland Rd, Evansville, IN 47715

    Contact for pricing
    12,316 sqft

    Highly visible shopping center in Evansville's strongest retail corridor.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Evansville Medical/Professional Office Building
    Evansville Medical/Professional Office Building

    1020 Professional Blvd, Evansville, IN 47714

    $2,300,000
    28,974 sqft

    Medical/professional office building near Ascension St Vincent Hospital.

    View details
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 5 Active listings in Evansville, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 67 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Multi-Tenant Office Building with Parking
    Multi-Tenant Office Building with Parking

    1700 Frederica Street, Owensboro, KY 42301

    $549,000
    0.52 AC lot

    Zoned P-1 and multi-tenant, two-level office building with 30 parking spaces and space available for occupancy.

    View details
    Medical Office Suite with Exam Rooms
    Medical Office Suite with Exam Rooms

    2816 Veach Rd, Unit 402, 403 & 404, Owensboro, KY 42303

    $299,900

    Well-appointed physician-style suite with reception, multiple private offices, and eleven sink-equipped exam rooms across three units.

    View details
    Three-Story Retail and Office Building
    Three-Story Retail and Office Building

    8647 W College Street, French Lick, IN 47432

    $249,000
    0.15 AC lot

    Yellow-brick building with a main-level retail open space and additional office, apartment, and storage areas.

    View details
    Downtown Retail and Office Building
    Downtown Retail and Office Building

    8647 W College Street, French Lick, IN 47432

    $249,000
    0.15 AC lot

    Three-story commercial building with retail on the main level and a split-level medical office entry.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Subdivision Development Land
    Commercial Subdivision Development Land

    6 S Vail Street, Princeton, IN 47670

    $93,555
    1.63 AC lot

    Commercial development land along Highway 41 with nearby clinic and health campus uses in Princeton, Indiana.

    View details
    Commercial Land with Highway Access
    Commercial Land with Highway Access

    2 S Vail Street, Princeton, IN 47670

    $148,500
    1.60 AC lot

    About 1.6 acres in a commercial subdivision along a major highway with established nearby healthcare and financial uses.

    View details
    Commercial Subdivision Development Lot
    Commercial Subdivision Development Lot

    9 S Vail Street, Princeton, IN 47670

    $70,875
    1.17 AC lot

    Commercial development lot along Hwy 41 near established healthcare and financial uses in Princeton.

    View details
    Highway-Adjacent Commercial Land
    Highway-Adjacent Commercial Land

    4 & 5 S Vail Street, Princeton, IN 47670

    $127,575
    2.00 AC lot

    A 2-acre site suitable for commercial development near existing healthcare and financial uses along Highway 41.

    View details

    Off-Market Properties in Evansville, IN

    Consider similar Off-Market properties in Evansville, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    350 Columbia St, Unit 4G
    MEDICAL BUILDING

    350 Columbia St, Evansville, IN 47710-1782

    Unit 4G
    Value Estimation by Request
    View details
    350 Columbia St, Unit 4F
    MEDICAL BUILDING

    350 Columbia St, Evansville, IN 47710-1782

    Unit 4F
    Value Estimation by Request
    View details
    350 Columbia St, Unit 1E
    MEDICAL BUILDING

    350 Columbia St, Evansville, IN 47710-1782

    Unit 1E
    Value Estimation by Request
    View details
    550 Virginia St
    MEDICAL BUILDING

    550 Virginia St, Evansville, IN 47710-1614

    Value Estimation by Request
    3,921 sqft 0.14 AC lot
    View details
    700 Burkhardt Rd
    MEDICAL BUILDING

    700 Burkhardt Rd, Evansville, IN 47715-2740

    Value Estimation by Request
    8,931 sqft 1.13 AC lot
    View details
    700 Burkhardt Rdrd
    MEDICAL BUILDING

    700 Burkhardt Rdrd, Evansville, IN 47715-2740

    Value Estimation by Request
    7,508 sqft 1.04 AC lot
    View details
    1101 Professional Blvd
    MEDICAL BUILDING

    1101 Professional Blvd, Evansville, IN 47714-8016

    $645,000
    Estimated value
    24,072 sqft 2.60 AC lot
    View details
    2516 Washington Ave
    MEDICAL BUILDING

    2516 Washington Ave, Evansville, IN 47714-2404

    Value Estimation by Request
    4,480 sqft 0.21 AC lot
    View details
    225 Crosslake Dr
    MEDICAL BUILDING

    225 Crosslake Dr, Evansville, IN 47715-8198

    $2,060,000
    Estimated value
    71,300 sqft 7.69 AC lot
    View details
    4912 University Dr
    MEDICAL BUILDING

    4912 University Dr, Evansville, IN 47712-6586

    Value Estimation by Request
    5,044 sqft 0.74 AC lot
    View details
    531 Cross Pointe Blvd
    MEDICAL BUILDING

    531 Cross Pointe Blvd, Evansville, IN 47715-4062

    Value Estimation by Request
    3,640 sqft 0.82 AC lot
    View details
    421 Chestnut St
    MEDICAL BUILDING

    421 Chestnut St, Evansville, IN 47713-1227

    $2,155,000
    Estimated value
    94,551 sqft 6.12 AC lot
    View details
    1120 Professional Blvd
    MEDICAL BUILDING

    1120 Professional Blvd, Evansville, IN 47714-8000

    Value Estimation by Request
    9,976 sqft 0.88 AC lot
    View details
    545 Boehne Cp Rd
    MEDICAL BUILDING

    545 Boehne Cp Rd, Evansville, IN 47712-3703

    $895,000
    Estimated value
    16,764 sqft 1.33 AC lot
    View details
    2900 Lincoln Ave
    MEDICAL BUILDING

    2900 Lincoln Ave, Evansville, IN 47714-1727

    Value Estimation by Request
    2,455 sqft 0.14 AC lot
    View details
    3524 1st Ave
    MEDICAL BUILDING

    3524 1st Ave, Evansville, IN 47710-3320

    Value Estimation by Request
    10,753 sqft 1.66 AC lot
    View details
    2734 Mt Vernon Ave
    MEDICAL BUILDING

    2734 Mt Vernon Ave, Evansville, IN 47712-6754

    Value Estimation by Request
    6,888 sqft 0.41 AC lot
    View details
    800 Main St
    MEDICAL BUILDING

    800 Main St, Evansville, IN 47711-5052

    Value Estimation by Request
    10,859 sqft 0.80 AC lot
    View details
    7307 Columbia St
    MEDICAL BUILDING

    7307 Columbia St, Evansville, IN 47715-9141

    Value Estimation by Request
    10,274 sqft 1.21 AC lot
    View details

    Evansville, IN Medical Office Space Market Trends and Statistics

    Explore 72 medical office space for sale in Evansville, IN, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 49,710 square feet of properties for sale, with an estimated market value of $10,383,780.

    Sale prices for medical spaces in Evansville, IN start at $2,293,780, averaging $3,461,260, and reaching up to $5,790,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office Units 98
    Office buildings 37
    Medical Office Space 14
    Coworking space 3
    Serviced offices 2

    Demographics Overview

    Population 183K
    Population Growth (5Y) +10.0%
    Median Household Income $64,157
    College Educated 10.1%

    High-Yield Neighborhoods for Investment

    Identify Evansville submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    47715 $350K
    47708 $437.5K
    47714 $3.5M

    Taxes & Financing

    Tax Rate (average for all types) 2.78%
    Property Tax per SF $43.26 per SF
    Tax Rate vs County Average 0.14 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Vanderburgh County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Vanderburgh County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Evansville fall within the 25,000 to 50,000 square foot range.

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