2029 Washington Ave Evansville, IN 47714-2233
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.
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Heston Insurance Agency Insurance Agency
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Employer's Temporary Services Employment Agency
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Pinnacle Financial Group Inc Financial Advisor
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Levi Robert K Insurance Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.