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Corner Restaurant with Upstairs Event Space
For Sale
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501 N Green River Rd, Evansville, IN 47715

Corner restaurant on an outlot with a perpetual easement for 73 parking spaces and included equipment.

Property Size9,987 SF
Days on Market123

Property Features for 501 N Green River Rd

General Information

Standard status Active
Size 9,987 SF
Total Parking Spaces 73
Property subtype Retail
Lease Type NNN

Additional Details

Furnished Yes
Road Access Yes

Building Details

Stories 2
Listing Agency: NAI Commercial Services
Listed By: Scott Edmond · License #IN RB15000270
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 22 at 8:26AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Commercial Services

Investment Insights

Based on property information with market context.

This corner restaurant is located on an outlot of Shoe Carnival Town Center. The building includes 6,236 SF on the main floor and 3,751 SF upstairs, which is primarily used for large parties and special events. Restaurant equipment will remain with the property and is included in the sale.

The site is positioned at the corner of Green River Road and Virginia Street in the center of the Evansville, Indiana retail, entertainment, commercial, medical, and professional area. Eastland Regional Mall is directly across Green River Road.

Parking rights include a perpetual easement on a surrounding 0.7 AC parking lot with 73 spaces, along with overflow parking rights in the main portion of the shopping center.

Key Highlights

  • Corner outlot at Green River Road & Virginia Street within Shoe Carnival Town Center
  • Building includes 6,236 SF main floor plus 3,751 SF upstairs primarily for large parties and special events
  • Perpetual easement for 73 parking spaces on a surrounding 0.7 AC parking lot, plus overflow parking rights in the shopping center

Property Analytics

Current Use

KPOT Korean BBQ ... Korean Barbecue Restaurant AutoZone Auto Parts Auto Parts Store

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Electrical Service Plumbing Service Barber Shop Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

956
Businesses Nearby

Demographics for 47715, IN

28,959
Population
14,451
Households
2
Avg Household Size
39
Median Age
29%
College-Educated
95%
High-School Grad
22.0 sq mi
ZIP Area
1,316
Density / Sq Mi
$59,821
Median Household Income
$40,137
Median Earnings
$1,009
Median Rent
$191,900
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
NNN property - Corner restaurant on an outlot with a perpetual easement for 73 parking spaces and included equipment.
Where is this nnn property located?
The property is located at 501 N Green River Rd Evansville, IN.
What are key features of this property?
This property features: Corner outlot at Green River Road & Virginia Street within Shoe Carnival Town Center; Building includes 6,236 SF main floor plus 3,751 SF upstairs primarily for large parties and special events; Perpetual easement for 73 parking spaces on a surrounding 0.7 AC parking lot, plus overflow parking rights in the shopping center
More about this property
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