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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 SizeContact for details
Days on Market163

Property Features for 1321 Covert Avenue

General Information

Standard status Active
Property subtype Retail

Building Details

Year Built 1954
Listing Agency: SVN | The Martin Group Indianapolis
Listed By: Chris Stuard · License #IN #RB1404888
Source: Svnmartin
Added: Mar 6 Changed: Jul 6 Last Checked: Aug 15 at 4:43AM

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 Indianapolis

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

Current Use

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

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Building Supply Restaurant Spa & Massage Center

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

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

Location Intelligence

Trade Area within ½ mile

406
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

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?
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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