University Village Shopping Center

University Village Shopping Center
4500 University Drive Evansville, IN 47712

Vacant Land

Contact: Richard Clements , Tyler Raben , Scott Hyatt, CCIM, CSM
Total Land Size: 31.24 AC
Sale Price: $7,800,000
Price/AC: $249,680
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Rare redevelopment opportunity on Evansville’s desirable west side where supply of developmental land is limited – Over 30 acres available at University Village Shopping Center, located between Rosenberger Avenue and Red Bank Road, with frontage on West Lloyd Expressway.

  • Situated in the heart of Evansville’s west side retail district with direct exposure to the Lloyd Expressway
  • Infrastructure and in-line shops in place
  • Consumer base extends to Mt. Vernon, IN and into Southern Illinois



Evansville’s west side offers expansion opportunity to merchants already located on the heavily retailed east side of Evansville, as well as retailers desiring a distinctive market niche comprised of over 130,000 customers within a 15-minute drive, along with direct access to consumers in southeastern Illinois and southwestern Indiana. Situated alongside the Ohio River in Southwest Indiana, Evansville is the third largest city in Indiana and the county seat for Vanderburgh County. Evansville serves as the commercial, medical and cultural hub of Southwestern Indiana and the Illinois/Indiana/Kentucky tristate area.


The region’s broad economic base yields a strong, stable and diverse economy. Major employers in the area include Toyota, Deaconess Health System, Evansville-Vanderburgh School Corp., St. Vincent Healthcare, Berry Global, University of Southern Indiana, Koch Enterprises, TJ Maxx Distribution Center, Alcoa, SKANSKA, OneMain Financial, SABIC Innovative Plastics, CenterPoint Energy and Old National Bank.


Evansville is home to several well-known educational institutions. Located two miles west of University Village Shopping Center is the University of Southern Indiana, a large public institution with over 10,000 students. The University of Evansville (2,300+ students) is a smaller private institution on the city’s east side. Other institutions include Ivy Tech and Downtown Evansville’s IU School of Medicine. Also located downtown is Signature School, a nationally ranked charter school.


Hospitals in Evansville include Deaconess Health System, Ascension St. Vincent Health Care, Select Specialty Hospital, Evansville State Hospital and Evansville Psychiatric Children’s Center.

Property Details

County: Vanderburgh
Submarket: West
Traffic Count: Lloyd Expy: 28,509; Red Bank: 11,273; Rosenberger: 9,503
Parcel: Multiple
Zoning: C-4, C-2
Possible Uses: Shopping Center, Mixed Use
Part of Planned Development: No
Flood Plain: No
Land Splits Available: No
Adjacent Parcels: Yes


4500 University Drive, Evansville, IN, USA


Richard Clements
Commercial Real Estate Broker

Tyler Raben
Commercial Real Estate Broker