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Retail Spaces on Covert Avenue
For Lease
$7.50 SF/Yr

1321 Covert Avenue, Evansville, IN 47714

Retail spaces available in a high-traffic commercial area.

Space Size1,500 SF - 4,998 SF
Property Size61,219 SF
Days on Market209

Property Features for 1321 Covert Avenue

General Information

Standard status Active
Size 1,500 SF - 4,998 SF
Property subtype Retail
Lease Term MG

Building Details

Building Size 61,219 SF
Year Built 1954

Spaces For Lease

at 1321 Covert Avenue Contact us

1321 Covert $7.50/SF/Yr

Size 4,998 SF
Type Free Standing Building
Term Negotiable
Contact us

1355 Covert Ave $10.50/SF/Yr

Size 1,500 SF
Type Office Building
Term Negotiable
Contact us
Listing Agency: SVN | The Martin Group
Listed By: Chris Stuard · License #IN #RB14048888
Source: Svnmartin
Added: Mar 6 Changed: Sep 14 Last Checked: Oct 1 at 8:46AM

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 SVN | The Martin Group

Investment Insights

Based on property information with market context.

Two retail spaces are available for lease in the Simpsons retail center, situated along Covert Avenue just east of Highway 41. The first space offers approximately 5,000 square feet of brightly lit, primarily open showroom floor space. It includes two small offices at the rear, along with a storage area and a restroom. There is a potential to add a drive-thru on the east side of the building. The space can be divided, subject to negotiations. The second space, currently occupied by Advance America, is an in-line unit of 1,500 square feet located between Pizza Hut and H&R Block. The area is predominantly commercial along the main roads and residential along the secondary roads. Retailers in the vicinity include Burger King, AutoZone, Captain D's, KFC, and Subway. Both spaces offer high visibility, easy access, ample parking, and excellent signage. The tenant is responsible for utilities and interior maintenance, while the landlord covers all other expenses. The property is suitable for retail and showroom purposes.

Key Highlights

  • Highly visible location along Covert Avenue.
  • Ample parking available.
  • Excellent signage opportunities.

Property Analytics

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Current Use

Ford Key Replacement ... Auto Repair Shop The aVENUE Hotel & Motel

Lease Details

NNN (Triple Net)
Lease Type
$1.13 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

316
Businesses Nearby
Under-served
Demand for This Use

Demographics for 47714, IN

32,827
Population
16,040
Households
2
Avg Household Size
36
Median Age
22%
College-Educated
87%
High-School Grad
8.0 sq mi
ZIP Area
4,103
Density / Sq Mi
$54,614
Median Household Income
$33,246
Median Earnings
$951
Median Rent
$124,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Midwest region

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

What type of property is this?
Showroom - Retail spaces available in a high-traffic commercial area.
Where is this showroom located?
The property is located at 1321 Covert Avenue Evansville, IN.
What is the lease rate?
The lease rate is $7.50 SF/Yr.
What are key features of this property?
This property features: Highly visible location along Covert Avenue.; Ample parking available.; Excellent signage opportunities.
More about this property
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