University Village Shopping Center

Vacant Land for Sale
Also listed as Shopping Center
Catylist Listing ID: 30752822
Property Subtypes: Hospitality, Multi-Family, Office, Retail
Gross Land Area: 31.24 Acres
Sale Price: $7,800,000
Unit Price: $249,679 Per Acre
Adjacent Parcels Available: Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/16/2023

Overview / Comments

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.

Additional Details

Nearest MSA: Evansville
County: Vanderburgh
Taxing Authority: Vanderburgh County
Tax ID/APN: 05-070-07-140-065
Zoning: C-4, C-2
Property Located Between: Red Bank Rd & Rosenberger Ave
Property Visibility: Excellent
Largest Nearby Street: Lloyd Expressway
Traffic/Vehicle Count: 28,509
Topography: Gently Sloping
Easements: Ingress/Egress
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain, Cable, Broadband, Internet Access
Water Service: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,012 35,475 86,252
Median Age: 33.96 36.72 37.83
Households: 3,655 14,474 35,030
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