Restaurant and Bar with Liquor
315 N Main St Evansville, IN 47711
315 N Main St, Evansville, IN, 47711
Contact for pricing
For Sale
Contact for pricing
For-sale restaurant/bar on a 0.23-acre lot with business assets and liquor license included.
Property Size4,398 SF
Price / SF$193.27
Days on Market93
Property Features for 315 N Main St
General Information
- Standard status
- Active
- Size
- 4,398 SF
- Property subtype
- RETAIL
Listing agency
Hahn Kiefer Real Estate Services
(812) 604-5973
Listed by
Joseph Kiefer
(812) 604-5973
Source
Moodyscre
Added: Apr 20 Updated: Jul 21 at 5:32AM Checked: Jul 21 at 5:32AM
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 for-sale restaurant and bar opportunity includes the business’s items, equipment, furniture, and liquor license as part of the sale. The property sits on a 0.23-acre lot and is offered as a package with both the building and the business components.
The building is listed at $750,000, with the business components listed at $100,000. Total listed price is $850,000. The property size is 4,398 square feet.
All included items, equipment, furniture, and liquor license are intended to transfer with the sale, supporting continued operation upon closing.
The building is listed at $750,000, with the business components listed at $100,000. Total listed price is $850,000. The property size is 4,398 square feet.
All included items, equipment, furniture, and liquor license are intended to transfer with the sale, supporting continued operation upon closing.
Key Highlights
- 0.23‑acre lot with a for‑sale restaurant/bar
- All business items, equipment, and furniture included in the sale
- $750,000 for the building
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.6k | $24.00 |
| − Vacancy | −$8.4k | −$1.92 |
| EGI | $97.1k | $22.08 |
| − OpEx | −$24.3k | −$5.52 |
| NOI | $72.8k | $16.56 |
4,398 SF · lease $24.00/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.04M
$910.4K – $1.21M
NOI $72,831 @ 7.0% cap · market cap 8.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.09M
$955.4K – $1.27M
NOI $76,428 @ 7.0% cap · market cap 8.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Main Street Wedding ...
Hotel & Motel
Similar For Sale Nearby
Similar Off Market Nearby
- Patsy Hartigan's Irish Pub — 205 Main St, Evansville, IN 47708
- Peephole Bar & Grill — 201 Main St, Evansville, IN 47708
- Bokeh Lounge — 1007 Parrett St, Evansville, IN 47713
- Mo's House — 1114 Parrett St, Evansville, IN 47713
- Quarry Bar — 601 Walnut St, Evansville, IN 47708
FAQs
What type of property is this?
Bar & Pub - For-sale restaurant/bar on a 0.23-acre lot with business assets and liquor license included.
Where is this bar & pub located?
The property is located at 315 N Main St Evansville, IN.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 0.23‑acre lot with a for‑sale restaurant/bar; All business items, equipment, and furniture included in the sale; $750,000 for the building
