Former home to Paul’s Menswear in Evansville, IN.
This is a rare opportunity to own an iconic Evansville west side site, featuring ample parking and a prime location. Paul’s Menswear, founded in 1963 by Paul
and Ruby Eickhoff, served the community for 61 years. Their sons, Steve and John, continued the business for over four decades until their retirement in 2024.
Situated in the heart of West Franklin Street, this property offers excellent visibility and easy access to major roads, including St. Joseph Ave. and the Lloyd
Expressway. The building is in excellent condition and is constructed of brick and concrete block walls, with a flat metal roof. Approximately 30 parking spaces
at the rear of the building with access from W. Michigan St., featuring a handicap-accessible entrance, as well as additional parking in front along W. Franklin
St.
The ground floor boasts approximately 5,187 square feet of pristine, move-in-ready space, complete with an office, two half-baths, and a breakroom. The upper
level is ideal for storage or can be finished to accommodate business expansion (Could be single or multi-tenant) With two separate access points, the second
floor also offers the potential for conversion into living quarters for additional income. Additionally, buyers can capitalize on the annual Fall Festival, which
attracts an estimated 200,000 visitors, bringing in 15,000 to 40,000 visitors per day.
The building is energy-efficient, featuring two HVAC units installed approximately 2.5 years ago and excellent insulation that keeps utility costs low-averaging
just $500 per month for gas and electricity. It is equipped with a 200-amp electrical service and a high-tech security system for added protection. Additional
security at the back entrance featuring a locking metal door that slides over the glass door.
Don’t miss this incredible opportunity to invest in a historic and highly desirable location!