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Vacant Former Dentist | Commercial Corridor 1220 Washington Ave 2,360 SF Vacant Office Building Online Auction Sale Evansville, IN 47714
Investment Highlights
- Investors and owner/users can take advantage of this vacant medical office facility in the heart of the Eastside Evansville commercial corridor.
- Just minutes away from Ascension St. Vincent Evansville, a large acute care facility with 508 beds serving as a major medical hub in the region.
- Washington Avenue is a prominent retail corridor featuring major establishments such as McDonald’s, Circle K, and CVS.
- Highly visible location at the lighted intersection of Highway 41 N and Washington Avenue, which sees over 11,600 vehicles daily.
- Formerly home to Evansville Family Dentistry, this property comes equipped with on-site parking and is ready for new use.
Executive Summary
NAI Columbia is pleased to present 1220 Washington Avenue in Evansville, Indiana, an opportunity for an owner/occupier or value-add investor.
This 2,360-square-foot vacant medical office is located in the sought-after Eastside Evansville submarket. Formerly occupied by Evansville Family Dentistry (Heartland Dental as DSO), the space is ideal for dental, medical, healthcare, or similar uses. The building features an attractive and well-maintained brick façade and prominent monument signage, making it appealing to potential customers. There is ample on-site parking and an efficient single-story layout that makes the most of the available space. The interior has a full build-out for a dental clinic with six treatment rooms, reception areas, a break room, a large storage garage with a roll-up door, and private offices. This property is ideal for owner/users who are seeking a new space for their business. Alternatively, investors can lease out this space at market rates.
This property benefits from its location, sitting right at the busy intersection of Highway 41 North and Washington Avenue, putting it in the heart of a thriving commercial area. With big names like Walmart Supercenter, Schnucks Grocery, McDonald's, and Planet Fitness just around the corner, it's a great location. The property is only about 2.5 miles west of Ascension St. Vincent Evansville Hospital and next to Benjamin Bosse High School, which has around 800 students enrolled.
The area’s demographics present an exceptional opportunity for investors. Within a 5-mile radius, the population is not only growing but also dominated by owner-occupied households, indicating lasting residential stability. More than 111,000 people are employed locally, and robust consumer spending averages $1.33 billion, which is evidence of a thriving economic environment.
Property tours are available by appointment only. Please contact the listing broker to schedule.
This 2,360-square-foot vacant medical office is located in the sought-after Eastside Evansville submarket. Formerly occupied by Evansville Family Dentistry (Heartland Dental as DSO), the space is ideal for dental, medical, healthcare, or similar uses. The building features an attractive and well-maintained brick façade and prominent monument signage, making it appealing to potential customers. There is ample on-site parking and an efficient single-story layout that makes the most of the available space. The interior has a full build-out for a dental clinic with six treatment rooms, reception areas, a break room, a large storage garage with a roll-up door, and private offices. This property is ideal for owner/users who are seeking a new space for their business. Alternatively, investors can lease out this space at market rates.
This property benefits from its location, sitting right at the busy intersection of Highway 41 North and Washington Avenue, putting it in the heart of a thriving commercial area. With big names like Walmart Supercenter, Schnucks Grocery, McDonald's, and Planet Fitness just around the corner, it's a great location. The property is only about 2.5 miles west of Ascension St. Vincent Evansville Hospital and next to Benjamin Bosse High School, which has around 800 students enrolled.
The area’s demographics present an exceptional opportunity for investors. Within a 5-mile radius, the population is not only growing but also dominated by owner-occupied households, indicating lasting residential stability. More than 111,000 people are employed locally, and robust consumer spending averages $1.33 billion, which is evidence of a thriving economic environment.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Purchase Agreement
- Operating and Financial Statements
- Title and Insurance
- Miscellaneous
Market Analytics Click Here to Access
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Property Subtype
Medical
Building Size
2,360 SF
Building Class
C
Year Built
1986
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,360 SF
Building FAR
0.18
Lot Size
0.29 AC
Opportunity Zone
Yes
Parcel Number
82-06-28-011-043.018-027
Amenities
- Signage
- Partitioned Offices
- Air Conditioning
1 1
Walk Score®
Very Walkable (70)
Demographics
Demographics
1 mile
3 mile
5 mile
2024 Population
17,768
71,164
125,809
2020 Population
16,148
66,535
123,669
2029 Population
18,122
72,226
126,519
2024-2029 Projected Population Growth
2.0%
1.5%
0.6%
Daytime Employees
3,875
73,238
111,390
Total Businesses
402
5,718
9,186
Average Household Income
$53,602
$54,964
$60,388
Median Household Income
$46,516
$45,118
$48,191
Total Consumer Spending
$161M
$700.4M
$1.3B
Median Age
34.8
37.6
38.5
2024 Households
6,922
30,666
55,421
Percent College Degree or Above
11%
11%
13%
Average Home Value
$119,917
$127,759
$145,719
Sale Advisors
Sale Advisors
Patrick Palmer, Director of Retail Services | Principal
Patrick Palmer is a Principal and Broker with NAI Columbia and has extensive experience across the southeast in brokerage and development. Palmer’s primary focus is retail and general commercial. Before joining NAI Columbia, Palmer served as President and Broker in Charge of IAP Company, a family-owned real estate enterprise that has developed real estate for over 50 years in Columbia. Palmer has been a member of ICSC since 2000, and in 2006, he obtained the prestigious CCIM (Certified Commercial Investment Member) award and subsequently served on several national committees and now has a seat on CCIM’s National Board of Directors.
From 2003 to 2014, Palmer served on the Richland County Planning Commission where he chaired the commission for six of those years. In 2022, Palmer transacted over 37 million dollars in CRE sales and leases and has been named the Retail Leasing Power Broker of the Year and Quarter multiple times, most recently in 2022. Over the past 23 years, Patrick’s real estate experience included: landlord/tenant representation; site selection; land acquisition; disposition and development; buyer/seller representation; investment sales; and zoning and permitting processing.
From 2003 to 2014, Palmer served on the Richland County Planning Commission where he chaired the commission for six of those years. In 2022, Palmer transacted over 37 million dollars in CRE sales and leases and has been named the Retail Leasing Power Broker of the Year and Quarter multiple times, most recently in 2022. Over the past 23 years, Patrick’s real estate experience included: landlord/tenant representation; site selection; land acquisition; disposition and development; buyer/seller representation; investment sales; and zoning and permitting processing.
Bobby Balboni, CCIM, Broker
Bobby joined NAI as a brokerage associate in June 2019 after interning with the firm during his junior and senior year at the University of South Carolina. Bobby works alongside Patrick Palmer, Principal and Director of Retail Services. Their team’s focus is on retail and general commercial properties in the Midlands. Bobby specializes in landlord, seller and tenant representation. Bobby graduated Summa Cum Laude from the University of South Carolina in May of 2019, where he studied Finance and Real Estate. During his undergrad years Bobby tutored peers in finance and accounting courses, served as the Sports Editor for The Daily Gamecock, and was a member of the Carolina Finance & Investment Association. Before moving to Columbia, Bobby grew up on Buzzards Bay in southeastern Massachusetts.
Sam Edens, Brokerage Associate
Born and raised in Columbia, South Carolina, Sam enjoys outdoor activities such as golfing and hunting. He joined NAI Columbia in July of 2024 upon graduating with a major in Retail Management, at the University of South Carolina. After interning with Patrick Palmer and Bobby Balboni for half a year, he has officially joined as a member of the team, leveraging their diverse range of experience to cater to their clients’ needs across the Midlands.
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Street View
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3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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Vacant Former Dentist | Commercial Corridor | 1220 Washington Ave
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