2029 Washington Ave Evansville, IN 47714-2233
- Office Properties & Spaces
- 11,170 SF
- 0.42 lot acres
Feb 25, 2025
Current Use by Public Records
- Heston Insurance Agency / Life Insurance Agency / Motorcycle Insurance Agency
- Employer's Temporary Services / Employment Agency / Employment Center
- Pinnacle Financial Group Inc / Financial Planner
- Levi Robert K / Insurance Agency
Property Details for 2029 Washington Ave
- Year built
- 1955
- Construction
- WOOD
- Lot size
- 0.42 lot acres
- Property size
- 11,170 SF
- Property type
- Office Properties & Spaces
- APN
- 82-06-34-017-076.016-027
- APU
- 820634017076016027
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Evansville
- County
- Vanderburgh
- State
- Indiana
- Longitude
- -87.5288
- Latitude
- 37.9624
- CBSA code
- 21780
- CBSA name
- EVANSVILLE, IN-KY METROPOLITAN STATISTICAL AREA