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East Morgan Avenue Retail Space
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2303 E Morgan Ave, Evansville, IN 47711

Renovated retail, office, or restaurant space with high visibility.

Space Size3,966 SF
Days on Market738

Property Features for 2303 E Morgan Ave

General Information

Standard status Active
Size 3,966 SF
Class B
Total Parking Spaces 10
Property subtype Retail, Office, Restaurant
Lease Type Modified Gross

Building Details

Building Size 3,966 SF
Year Built 1940
Tenancy Single

Spaces For Lease

at 2303 E Morgan Ave Contact us

Available Space

Size
3,966 SF
Type
Office, Restaurant, Retail
Lease Type
Modified Gross
Availability
Active
Contact us
Listing Agency: Market Realty, LLC
Listed By: Michelle Peterlin · License #RB14044431
Source: Crexi
Added: Aug 21, 2024 Changed: Aug 13 Last Checked: Aug 26 at 8:29AM

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 Market Realty, LLC

Investment Insights

Based on property information with market context.

This recently renovated building offers high traffic visibility on E Morgan Avenue, situated in the heart of the eastside Morgan Avenue retail center. The location is approximately 3 minutes from Rte. 41 and 5 minutes from N Green River Road. The property is suitable for retail, office, or restaurant use. The tenant is responsible for utilities, while all other common area maintenance charges are included in the base rent.

Key Highlights

  • High traffic visibility on E Morgan Avenue.
  • Recently renovated building.
  • Located in the heart of the eastside Morgan Avenue retail center.

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm HVAC Service Restaurant Parking Lot & Garage Dental Office Grocery & Convenience 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
$1.36 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

412
Businesses Nearby

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

Lease Benchmarks for Evansville, IN

$9.29 /SF/Yr
Avg Asking Price
$2.21–$16 /SF/Yr
Price Range
6,654 SF
Avg Space Size

This space is priced 2% below the average of $9.29 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Renovated retail, office, or restaurant space with high visibility.
Where is this retail space located?
The property is located at 2303 E Morgan Ave Evansville, IN.
What is the lease rate?
The lease rate is $9.07 SF/Yr.
What are key features of this property?
This property features: High traffic visibility on E Morgan Avenue.; Recently renovated building.; Located in the heart of the eastside Morgan Avenue retail center.
(812) 760-6352 Call to check price and availability
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