Positioned in a stable, high-demand suburban commercial corridor on Evansville's east side, this versatile 6,494± square foot commercial property offers a rare opportunity for adaptive reuse across a wide range of business types. Originally constructed in 1967 with later expansion, the building sits on approximately 0.82 acres and features a functional, open floor plan that lends itself well to retail, office, service, or residential conversion. Its proximity to the Green River Road retail corridor and adjacency to Washington Square Mall provide strong surrounding commercial synergy and consistent traffic drivers, while still offering ease of access and parking convenience.
The property's flexible layout and established infrastructure make it particularly well-suited for a variety of uses including boutique retail, professional offices, a child care or learning center, bakery or catering operation, or redevelopment into multi-family or mixed-use space. With a solid history as a long-standing local establishment, the site benefits from strong community familiarity and a layout designed for customer flow, back-of-house functionality, and adaptable interior reconfiguration.
Surrounded by a dense residential base and complementary commercial uses, the location offers both neighborhood accessibility and regional connectivity via nearby Interstate 69 and major thoroughfares. As the area continues to experience stable growth and infill redevelopment, this property presents an excellent opportunity for an owner-user or investor seeking a well-located asset with significant upside through repositioning or redevelopment.
Property Highlights
6,494± SF commercial building with flexible, open floor plan
0.82-acre site with on-site parking
Zoned commercial (C-2)
Potential Uses, including:
Casual Restaurant
Retail / boutique storefront
Professional or medical office
Child care / education center
Bakery or catering kitchen
Multi-family or mixed-use redevelopment
Established location with long-standing community presence
Adjacent to Washington Square Mall and near major retail corridor
Convenient access to Interstate 69 and key arterial roads
Surrounded by dense residential neighborhoods supporting local demand
Functional building design supports adaptive reuse and reconfiguration
Stable market area with continued infill development and retail demand
Opportunity for value-add repositioning or redevelopment
AUCTION DATE AND TIME: THURSDAY, MAY 14, 12:00 NOON (CT)
AUCTION LOCATION: This auction will be conducted online only from our Auction Offices.
INSPECTIONS: MAY 7, 12-1PM (CT) and MAY 13, 12-1PM (CT)
ADDRESS: 5115 Monroe Ave, Evansville, IN 47715
OWNER: SOLD BY ORDER OF THE COURT
All announcements the day of the auction take precedence over printed material or any other oral statements made.
Open House
MAY 7, 12-1PM
MAY 13, 12-1 PM