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    315 E Diamond Ave, Evansville, IN 47711 Evansville, IN 47711

    For Lease
    $15 SF/Yr ($3,500 /Mo)

    Evansville Restaurant - Move-In Ready

    Lot size:
    2,728 SF

    Description

    Added:
    Jan 10, 2025
    Days on Market:
    338
    This exceptional 2,728-square-foot mixed-use property at 315 E Diamond Ave, Evansville, IN 47711, presents a fantastic opportunity for restaurant or retail businesses. The space is immediately available and comes equipped with existing restaurant equipment, including two ventilation hoods, a walk-in refrigerator, a walk-in cooler, and an ice maker. Tables, chairs, and racks may remain for the tenant's use. The property boasts excellent visibility and accessibility, situated on a high-traffic thoroughfare with an AADT of 17,240 (2023), and benefits from access points on both Governor and Diamond Avenues. An electric pole sign on Diamond Avenue provides additional advertising potential. The annual lease rate is $15.4 per square foot. Please note that utilities, property expenses, and building services are not included in the lease rate. This turnkey space is perfect for a restaurant operator looking for an established location with existing equipment. The property's prime location and high traffic count ensure significant exposure to potential customers. Inquire today to learn more about this exciting opportunity.

    Property Features for 315 E Diamond Ave, Evansville, IN 47711

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,728 SF
    Elevators
    N/A
    Total Rate
    3500.93

    Building Details

    Year Built
    1969

    HighLights

    • Prime Evansville location with high traffic exposure (AADT 17,240).
    • Move‑in ready restaurant space with existing equipment including two ventilation hoods.
    • 2,728 square feet of retail space available for lease in desirable mixed‑use building.
    Property Profile Location Intelligence

    Current Use by Public Records

    K's Pizza Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    City
    Evansville
    State
    Indiana

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    FAQs

    What type of property is this?
    Restaurant - Evansville Restaurant - Move-In Ready
    Where is this restaurant located?
    The property is located at 315 E Diamond Ave, Evansville, IN 47711 Evansville, IN.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Prime Evansville location with high traffic exposure (AADT 17,240).; Move-in ready restaurant space with existing equipment including two ventilation hoods.; 2,728 square feet of retail space available for lease in desirable mixed-use building.
    (812) 455-0001
    Request Owner's contact information
    315 E Diamond Ave, Evansville, IN 47711 Evansville, IN 47711
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    315 E Diamond Ave, Evansville, IN 47711 Evansville, IN 47711
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