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Property profile & analytics
FOR LEASE
Office Spaces

20 NW 3Rd St Evansville, IN 47708

331,588 SF 0.96 ac lot Built 1981
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US31-0979651
Property summary
AI-generated overview

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 profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1981
Construction STEEL FRAME
Total area 331,588 SF
Lot 0.96 ac (41,880 SF)
APN 82-06-30-020-015.001-029
UPID US31-0979651
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Empowerment Behavioral Services, LLC Counselor
  • EVV Pilots Club Charitable Organization Social Service Agency
  • Evansville Philharmonic Orchestral Corporation Theater & Performing Art Venue Music Venue
  • Jones Wallace LLC Law Firm
  • Morgan & Morgan Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$8.38M
Blend (final) Blend
$8.19M
Owner & transaction history
Riverview Investments LLC · 8 yrs held
Riverview Investments LLC
since 2018
5 recorded transactions
2025
Price N/A
2023
Price N/A
2021
Price N/A
2020
Price N/A
2018
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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