Building Details

Year Built 1969

Listing Agency: k***@fctuckercommercial.com Show Phone

Listed By: Kristin Show Phone

Added: Jan 10, 2025 Changed: Mar 16

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Investment Insights

Based on property information with market context.

Located in Evansville, this 2,728-square-foot mixed-use property is available for lease and suitable for restaurant or retail businesses. The space is move-in ready and includes existing restaurant equipment, featuring two ventilation hoods, a walk-in refrigerator, a walk-in cooler, and an ice maker. Tables, chairs, and racks may remain for the tenant's use. Situated on a high-traffic thoroughfare with an AADT of 17,240 (2023), the property benefits from access points on both Governor and Diamond Avenues. An electric pole sign on Diamond Avenue offers additional advertising potential. The property's location and high traffic count ensure exposure to potential customers. The annual lease rate is $15.4 per square foot.

Property Analytics

Current Use

K's Pizza Restaurant

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop Restaurant Parking Lot & Garage HVAC Service Auto Parts 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

NNN (Triple Net)

Lease Type

$2.31 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

116

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 47711, IN

31,266

Population

14,487

Households

2.2

Avg Household Size

41

Median Age

24%

College-Educated

91%

High-School Grad

16.5 sq mi

ZIP Area

1,895

Density / Sq Mi

$65,398

Median Household Income

$39,114

Median Earnings

$982

Median Rent

$156,200

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?

Restaurant - 2,728 SF of Retail Space Available in Evansville, IN 47711

Where is this restaurant located?

The property is located at 315 E Diamond Ave Evansville IN 47711 Evansville, IN.

What is the lease rate?

The lease rate is $15.40 SF/Yr.