St. Joe Square

St. Joe Square
421 N. St. Joseph Avenue Evansville, IN 47712

Retail Commercial

Contact: Richard Clements
Building/Unit Size: Retail Center 10,948 SF / Restaurant 2,014 SF
Gross Building Area: 12,962 SF
Total Land Size: 0.82 AC
Sale Price: $775,000
Price/SF: $59.79
Cap Rate: 11.5%
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Retail center/restaurant property investment opportunity with upside potential available! Located on a high-traffic corner and bordered by an alleyway on the south end of rapidly-developing West Franklin corridor, this property is situated in the heart of Westside Evansville’s retail and entertainment district.

  • Built and maintained by same owner over last five decades
  • Convenient access to Lloyd Expressway and Diamond Avenue
  • Tenants include Lee’s Famous Recipe, Domino’s Pizza, Liberty Tax Service and Life Choices


Total Population 6,820 47,378 105,647
Daytime Population 8,734 62,059 112,466
Total Households 3,003 20,602 43,409


Net Operating Income: $89,000
Actual or Proforma Year: Actual

Property Details

Property Use Type: Investment,
Property Status: Existing
County: Vanderburgh
Submarket: Westside
Traffic Count: 19,625 VPD on St. Joseph Avenue
Parcel: 82-05-24-030-025.003-029
Zoning: C-4
Tenancy: Multiple Tenants
Total Number of Buildings: 2
Year Built: 1974 / 1986
Roof Type: Flat
Construction/Siding: Concrete, Steel Frame,
Total Parking Spaces: 59
Parking Description: Asphalt/concrete
Parking Type: Surface
Part of Planned Development: No
Flood Plain: No
Lot Frontage: 120'
Lot Depth: 299'


421 N St Joseph Ave, Evansville, IN, USA


Richard Clements
Commercial Real Estate Broker