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Property profile & analytics
OFF-MARKET
Office Spaces

2029 Washington Ave Evansville, IN 47714-2233

11,170 SF 0.42 ac lot Built 1955
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US31-1011647
Property summary
AI-generated overview

This exceptional mixed-use property, located at 2029 Washington Ave in Evansville, Indiana, presents a compelling investment opportunity. The 11,170 square foot building, constructed in 1956, features two stories and is classified as a Class B property. Currently zoned C-1, it offers significant flexibility for various uses. The building's previous configuration was entirely office space, but its layout lends itself to conversion into a mixed-use development, potentially incorporating residential apartments on the upper floor and commercial space on the ground level. Recent improvements include a new roof, updated electrical systems, and upgraded plumbing. Ample parking is available, with a dedicated lot to the east and additional spaces behind the building. The property's strategic location on Washington Avenue, near Weinbach Avenue, provides excellent visibility and accessibility. The asking price is $439,000, translating to $39.30 per square foot. The property's APN is 82-06-34-017-076.016-027. This is a rare chance to acquire a well-maintained, adaptable property in a desirable Evansville location. The two-building complex offers a unique blend of functionality and potential, making it an ideal investment for both seasoned and emerging developers.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1955
Construction WOOD
Total area 11,170 SF
Lot 0.42 ac (18,165 SF)
APN 82-06-34-017-076.016-027
UPID US31-1011647
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
  • Heston Insurance Agency Insurance Agency
  • Employer's Temporary Services Employment Agency
  • Pinnacle Financial Group Inc Financial Advisor
  • Levi Robert K Insurance Agency
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Majic LLC · 1 yrs held
Majic LLC
since 2025
3 recorded transactions
2025
Price N/A
2022
Price N/A
2014
$52,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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