121 Walnut St Evansville, IN 47708

Property Details for 121 Walnut St

Lot size

0.94 lot acres

Property size

41,052 SF

Property type

Day care centers

Property subtype

Retail properties

Description

This exceptional 41,052 square foot property at 121 Walnut Street in Evansville, Indiana, presents a unique investment opportunity. Currently occupied by a church and school encompassing 39,834 square feet, and a 1,218 square foot finished clergy house, the property offers significant flexibility for a variety of uses. Its strategic location at a signalized intersection of SE 2nd Street and Walnut Street ensures high visibility and accessibility. The building is well-maintained and suitable for continued use in its current configuration or for redevelopment. This prime location benefits from significant recent development in Evansville's central business district (CBD), including approximately $200 million in recent projects. The property's proximity to a newly constructed 139-room Hyatt Place Hotel (completed in 2020) and a planned 70-room boutique hotel further enhances its value and potential. The 0.94-acre lot provides ample space for expansion or redevelopment. This property is ideal for investors seeking a high-profile location with strong growth potential in a revitalized downtown area. The existing structure is well-suited for adaptive reuse, offering a unique opportunity to capitalize on the existing improvements while tailoring the space to meet specific needs. The property's versatility makes it an attractive option for a variety of commercial uses, including restaurants, retail, or mixed-use developments.

Location Insight

City

Evansville

County

Vanderburgh

State

Indiana

Longitude

-87.5721

Latitude

37.9683