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121 Walnut StEvansville, IN 47708

Prime location, 41,052 SF, redevelopment potential.

Overview

Added:
Dec 11, 2024
Days on market:
116
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.

Highlights

  • 41,052 SF property at 121 Walnut Street, Evansville, IN.
  • Currently occupied by a church and school (39,834 SF) and a 1,218 SF clergy house.
  • High-visibility location at a signalized intersection.
  • Well-maintained building suitable for continued use or redevelopment.
  • 0.94-acre lot with ample space for expansion.
  • Strong growth potential in a revitalized downtown area near recent developments, including a new Hyatt Place Hotel.

Property Details for 121 Walnut St

Property type
Day care centers & nurseries, Retail properties
Square Feet
41,052 SF
Lot Size (sq. ft)
40,946 SF

Location Insight

City
Evansville
County
Vanderburgh
State
Indiana
Latitude
37.9683506
Longitude
-87.5720644
121 Walnut St, Evansville, Indiana

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121 Walnut St
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