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Restaurant Building with Rooftop Deck
For Sale
$950,000

22 NW Sixth Street, Evansville, IN 47708

A second-floor cocktail lounge has its own street-level entrance and exit.

Property SizeContact for details
Days on Market9

Property Features for 22 NW Sixth Street

General Information

Standard status Active
Property subtype Commercial

Site & Location

Neighborhood Downtown

Restaurant

Commercial Hood Yes
Grease Trap Yes
Patio Yes

Building Details

Year Built 1905
Year Renovated 2017
Buildings 1
Stories 2
Listing Agency: Berkshire Hathaway HomeServices Indiana Realty
Listed By: Philip Hooper · License #RB14052159
Source: Castleonerealty
Added: Oct 20 Changed: Oct 25 Last Checked: Oct 26 at 3:48AM

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 Berkshire Hathaway HomeServices Indiana Realty

Rey
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Investment Insights

Based on property information with market context.

Built in 1905, this downtown restaurant property received structural and mechanical, electrical, and plumbing upgrades in 2017. The kitchen includes three-phase electrical service, a grease trap, and an 11-foot hood. A bar and cocktail lounge occupy the second floor, with a separate street-facing entrance and egress; a rooftop deck is also part of the property. State-submitted IDHS occupancy documents are available, and the property is within the non-quota liquor license riverfront development area.

The building is across from the Sycamore parking garage, near the Victory Theater and a short distance from the Ford Center.

Key Highlights

  • Structural and MEP upgrades completed in 2017
  • Kitchen features three‑phase electric, a grease trap, and an 11‑foot hood
  • Second‑floor bar and cocktail lounge with separate street‑front entrance and egress

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Arcademie Bar & Pub

Suggested Use

Top Pick Storage Facility Nail Salon (Bike/Boat/Book/etc) Store Florist Carpet & Flooring Store Wine and Liquor Store

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
Commercial hood
Yes
Grease trap

Location Intelligence

Trade Area within ½ mile

2,355
Businesses Nearby
Under-served
Demand for This Use

Demographics for 47708, IN

501
Population
538
Households
0.9
Avg Household Size
39
Median Age
46%
College-Educated
91%
High-School Grad
0.6 sq mi
ZIP Area
835
Density / Sq Mi
$55,436
Median Household Income
$47,750
Median Earnings
$1,154
Median Rent
$241,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

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

Frequently Asked Questions

What type of property is this?
Conventional restaurant - A second-floor cocktail lounge has its own street-level entrance and exit.
Where is this conventional restaurant located?
The property is located at 22 NW Sixth Street Evansville, IN.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Structural and MEP upgrades completed in 2017; Kitchen features three‑phase electric, a grease trap, and an 11‑foot hood; Second‑floor bar and cocktail lounge with separate street‑front entrance and egress
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