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    700 Sonntag Ave Evansville, IN 47712

    For Lease
    $5 SF/Yr

    Prime Evansville location, multiple spaces available.

    Lot size:
    6,804 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional retail and restaurant opportunity is located at 700 N Sonntag Avenue in Evansville, Indiana, Vanderburgh County, zip code 47712. The property offers multiple spaces for lease, ranging from 640 square feet to 6,804 square feet, making it suitable for a variety of businesses. The site boasts ample customer parking in a spacious lot, a significant advantage for attracting customers. The high traffic count of 9,110 vehicles per day on nearby Upper Mt Vernon Road ensures excellent visibility and accessibility. The property benefits from strong neighboring businesses, including Wesselman's, JS & Co Salon, El Charro, and a Phillips 66 Gas Station, creating a vibrant and attractive commercial environment. One of the spaces is restaurant-ready, featuring a grease trap and exhaust fan, simplifying the setup for food service establishments. Furthermore, a two-acre build-to-suit site is also available, presenting an exciting opportunity for expansion or development. This property presents a unique chance to establish or expand a business in a thriving Evansville location with excellent visibility and convenient amenities. The property's versatile space options cater to a wide range of business needs.

    Property Features for 700 Sonntag Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,804 SF

    Unit(s) available at that property

    Space
    Restaurant
    Size
    0 SF
    Rate per SF
    $14
    Space
    Retail
    Size
    6,804 SF
    Rate per SF
    $5

    HighLights

    • 700 N Sonntag Ave, Evansville, IN 47712 offers multiple retail and restaurant spaces for lease, ranging from 640 SF to 6,804 SF.
    • Ample customer parking is available on‑site.
    • High traffic counts (9,110 VPD) on nearby Upper Mt Vernon Road ensure excellent visibility.
    • Strong neighboring businesses include Wesselman's, JS & Co Salon, El Charro, and a Phillips 66 Gas Station.
    • One space is restaurant‑ready with a grease trap and exhaust hood.
    • A two‑acre build‑to‑suit site is also available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wesselman's Supermarkets Grocery Store ATM Atm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Evansville
    County
    Vanderburgh
    State
    Indiana
    Longitude
    -87.607995661236
    Latitude
    37.98395623911

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    FAQs

    What type of property is this?
    Restaurant - Prime Evansville location, multiple spaces available.
    Where is this restaurant located?
    The property is located at 700 Sonntag Ave Evansville, IN.
    What is the lease rate?
    The lease rate is $5-$14 SF/Yr.
    What are key features of this property?
    This property features: 700 N Sonntag Ave, Evansville, IN 47712 offers multiple retail and restaurant spaces for lease, ranging from 640 SF to 6,804 SF.; Ample customer parking is available on-site.; High traffic counts (9,110 VPD) on nearby Upper Mt Vernon Road ensure excellent visibility.
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    700 Sonntag Ave Evansville, IN 47712
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    Evansville, IN 47712
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    700 Sonntag Ave Evansville, IN 47712
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