Evansville, IN
Commercial Real Estate Market Trends & Data

$205 Avg asking sale price
$181 Avg asking lease rate
20,800 SF Avg unit lease size
20,755 SF Avg building size for sale
9.01% Average cap rate

Evansville's Demographic Profile

Evansville has 52,762 households and a median income of $47,871, providing context for rent absorption and tenant demand across retail and multifamily assets. A +1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 119,488
# Households 52,762
Median age 39
Median household income $47,871
Avg household size 2.0
Renter-occupied housing units 25,382
5-year population change +1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Evansville, IN

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Evansville $176 21,152 SF 11.26%
Darmstadt $370 3,634 SF 5.65%
Nearby Retail Markets Avg Cost/SF Typical Size
Evansville $185 14,647 SF
Darmstadt $594 3,864 SF
Haubstadt $115 1,440 SF
Newburgh $192 6,730 SF
Mount Vernon $47 8,975 SF

Commercial Properties For Sale in Evansville

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

344 S. Redbank Red Bank rd

Evansville, IN 47712

  • 5.58 AC Lot
  • 1 Commercial Lot
  • $134,900
For Sale

221 NW Fifth St

Evansville, IN 47708

  • 32,261 SF Office Building
  • $1,950,000
For Sale

Senior World

Evansville, IN 47714

  • 14,752 SF Multifamily
  • $1,100,000
For Sale

1501 Allens Ln

Evansville, IN 47710

  • 18,060 SF Industrial Building
  • $1,200,000
For Sale

3020 E Morgan Ave

Evansville, IN 47711

  • 4,000 SF Retail Building
  • $429,900
For Sale

Blue Holdings

Evansville, IN 47715

  • 13,856 SF Industrial Building
  • 7.53% Cap Rate
  • $2,600,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Evansville pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Evansville $146 20,755 SF
Darmstadt $520 3,634 SF
Haubstadt $104 2,173 SF
Henderson $89 104,277 SF
Newburgh $192 6,730 SF

Regional Demographic Comparison

This comparison places Evansville alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Evansville or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Evansville 119,488 52,762 39 $47,871 2 25,382 1%
Darmstadt 1,304 494 47 $92,856 3 44 -1%
Haubstadt 1,599 666 41 $67,916 2 128 -1%
Henderson 28,413 12,074 41 $47,121 2 5,819 -2%
Newburgh 3,611 1,558 43 $88,832 2 422 4%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Evansville, IN and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Evansville

View All Commercial Real Estate For Sale in Evansville
Is Evansville a good market for a first-time commercial real estate investor?

Evansville offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Evansville?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Evansville. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Evansville?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Evansville. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Evansville compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Evansville. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Evansville acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Evansville, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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