Historic 10,094 SF W Franklin St. Property

Investment Overview

SVN | The Martin Group is pleased to present 2225 W Franklin St, a historic 10,094 SF commercial property located on one of Evansville, Indiana’s most desirable commercial districts. Long known as the home of Paul’s Menswear, this iconic two-story asset features a generous 5,047 SF layout per floor and combines deep-rooted local history with immense commercial potential. The building’s interior features expansive, open floor plates on both levels, offering an incredible canvas for a retail owner-user or creative tenant layout. Adding tremendous intrinsic value to the site is the dedicated parking lot situated directly behind the building, a rare feature for Franklin Street properties that provides convenient, hassle-free access for customers and tenants. Beyond traditional commercial use, 2225 W Franklin St represents a standout redevelopment opportunity for visionary investors. The multi-story structure is uniquely positioned for a mixed-use conversion, allowing developers to capitalize on the demand for upper-level urban residential apartments along Franklin St. while maintaining prime ground-floor retail, medical, or event space. With its unmatched location, historic significance, and structural flexibility, this asset presents a landmark acquisition opportunity in Evansville's West Side.

Investment Highlights

• Substantial Footprint: Two-story building featuring 10,094 total SF (5,047 SF per floor) with rich local history as the former Paul’s Menswear.
• Rare Dedicated Parking: Includes ample private parking behind the property—an extremely scarce and valuable asset along West Franklin Street.
• Flexible Interior Layout: Open floor plans on both levels, providing versatile space ideal for large-scale retail, showroom, or single/multi-tenant layouts.
• Prime Redevelopment Asset: Exceptional potential for a high-value mixed-use conversion (e.g., ground-floor retail/dining with upper-floor residential apartments or boutique office space).