Evansville, Indiana, offers a wide range of Retail Properties For Sale, with 13 available listings. Investing in Retail Properties in Evansville can be a lucrative opportunity, as the city's strong economy, diverse industries, and excellent infrastructure create a favorable business environment. Retail Properties encompass various types of investments, including strip centers, shopping malls, and freestanding buildings, each offering unique benefits and opportunities. Evansville's strategic location, with access to major highways, airports, and water transportation, makes it an attractive spot for businesses and consumers alike. The city's amenities, such as Bally's Evansville casino, Mesker Park Zoo, and a strong sports tourism industry, also contribute to its appeal. Additionally, Evansville is home to several notable institutions, including the University of Evansville and the University of Southern Indiana, which attract students and professionals from the region. With its well-developed infrastructure, excellent education system, and diverse economy, Evansville is an ideal place to invest in Retail Properties.
Evansville's Retail Properties offer a unique blend of small-town charm and big-city amenities. The city's economy is driven by industries such as healthcare, finance, education, and manufacturing, which creates a diverse range of opportunities for businesses. In addition to Retail Properties, Evansville also offers Shopping Centers, Restaurants, Office Properties, and Hotels, each with its own unique characteristics and benefits. The city's Shopping Centers, such as the Eastland Mall, offer a variety of retail options, while its Restaurants, like the popular Cork 'n Cleaver, provide a range of dining experiences. Office Properties, like the historic Old National Bank building, offer prime locations for businesses, and Hotels, such as the Tropicana Evansville, provide accommodations for visitors. With its diverse economy, excellent infrastructure, and range of properties, Evansville is an attractive destination for businesses and investors alike.
What is the average cap rate for retail properties in Evansville?
When it comes to retail properties in Evansville, investors can expect an average cap rate of 10.11%, which is a key metric to consider when evaluating the potential return on investment. To learn more about how cap rates work and what they mean for your investment strategy, check out our article on what is a cap rate, which provides a comprehensive overview of this important concept.
How do location and foot traffic affect retail property values?
In Evansville, Indiana, the location and foot traffic of a retail property significantly impact its value, with properties situated in high-demand areas such as downtown Evansville, near the University of Evansville, or along major transportation routes like I-64 and I-69, tend to command higher prices due to their accessibility and exposure to a large customer base.
Additionally, retail properties with high foot traffic, such as those near popular attractions like the Ford Center, Mesker Park Zoo, or Bally's Evansville casino, are more likely to attract tenants and generate revenue, thereby increasing their value, with the average price per square foot for retail properties in Evansville currently standing at $117 USD and the average size being 13,028 square feet.
