121 Walnut StEvansville, IN 47708

Property Details for 121 Walnut St

Lot size

0.94 AC

Property size (Sq ft)

41,052 SF

Property type

Specialty properties

Property subtype

Day care centers & nurseries

Description

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.

Location Insight

City

Evansville

County

Vanderburgh

State

Indiana

Latitude

37.9683

Longitude

-87.5721

FAQs

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