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Lower-Level Retail Storefront
For Lease
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2314 W Franklin St, Evansville, IN 47712

Lower level retail space is available for lease with on-street parking and a few spaces behind the building.

Property Size1,500 SF
Days on Market762

Property Features for 2314 W Franklin St

General Information

Standard status Active
Size 1,500 SF
Property subtype RETAIL
Lease Type SF/yr
Listing Agency: Hahn Kiefer Real Estate Services
Listed By: Joseph Kiefer
Source: Moodyscre
Added: Jul 1, 2024 Changed: Jul 29 Last Checked: Jul 31 at 12:03PM

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 Hahn Kiefer Real Estate Services

Investment Insights

Based on property information with market context.

This listing offers lower-level retail space available for lease. The property is configured for retail use within the building, providing an opportunity for a tenant seeking storefront-style space.

The space is located on W Franklin St in Evansville, IN. Parking is available on-street, with a few spaces in the rear of the building.

Surrounding businesses include Pet Food Center, Hardee's, Kite & Key Cafe, Sportsman's Grille & Billiards, and Donut Bank, along with many other nearby retailers and restaurants.

Key Highlights

  • Lower level retail space available for lease
  • Lease rate is $12.75/SF/YR (modified gross)
  • Located on W Franklin St

Property Analytics

Current Use

MK's Designs Home Decor Store

Suggested Use

Top Pick Real Estate Agency Law Firm Hair Salon Nail Salon Electrical Service Kitchen & Bath Showroom

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
$1.91 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

619
Businesses Nearby

Demographics for 47712, IN

24,895
Population
10,795
Households
2.3
Avg Household Size
35
Median Age
29%
College-Educated
93%
High-School Grad
62.7 sq mi
ZIP Area
397
Density / Sq Mi
$64,285
Median Household Income
$36,018
Median Earnings
$933
Median Rent
$173,500
Median Home Value

Market

Lease Benchmarks for Evansville, IN

$8 /SF/Yr
Avg Asking Price
$7–$12 /SF/Yr
Price Range
7,779 SF
Avg Space Size

This space is priced 59% above the average of $8 /SF/Yr.

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?
Retail space - Lower level retail space is available for lease with on-street parking and a few spaces behind the building.
Where is this retail space located?
The property is located at 2314 W Franklin St Evansville, IN.
What is the lease rate?
The lease rate is $12.75 SF/Yr.
What are key features of this property?
This property features: Lower level retail space available for lease; Lease rate is $12.75/SF/YR (modified gross); Located on W Franklin St
(812) 604-5973 Call to check price and availability
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