Historic 10,094 SF W Franklin St Landmark | Rare Rear Parking & Mixed-Use Redevelopment Opportunity

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).

Description:

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.

The property is exceptionally situated at 2225 W Franklin Street, anchored in the vibrant heart of Evansville’s iconic West Franklin business and cultural district. Renowned for its walkable, community-driven atmosphere, West Franklin Street is one of the region's premier commercial corridors, boasting high pedestrian volume, steady daily vehicular traffic, and a dense mix of local restaurants, retail shops, and nightlife destinations. As the centerpiece corridor for famous annual events like the West Side Nut Club Fall Festival, this prime position offers unbeatable street presence, historic charm, and direct connectivity to surrounding residential neighborhoods and downtown Evansville.

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