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Versatile Commercial Space on Covert Avenue
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1321 Covert Avenue, Evansville, IN 47714

Approximately 5,000 SF showroom with potential drive-thru.

Space Size1,500 SF
Days on Market2860

Property Features for 1321 Covert Avenue

General Information

Standard status Active
Size 1,500 SF
Property subtype Retail, Restaurant

Building Details

Year Built 1954

Spaces For Lease

at 1321 Covert Avenue Contact us

1355 Covert Ave

Size
1,500 SF
Type
Retail, Restaurant
Contact us

1321 Covert

Type
Retail, Restaurant
Tenant Pays Gas, Electric, Janitorial, Interior Maintenance, Trash and Communications....
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Listing Agency: SVN | The Martin Group Indianapolis
Listed By: Andy Martin · License #IN RB14043658
Source: Crexi
Added: Oct 23, 2018 Changed: Jul 6 Last Checked: Aug 20 at 7:45PM

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 SVN | The Martin Group Indianapolis

Investment Insights

Based on property information with market context.

This commercial space offers approximately 5,000 square feet of brightly lit, primarily open showroom floor space. The layout includes two small offices at the rear, along with a storage area and a restroom. There is potential to add a drive-thru to the space along the east side of the building. The space can be divided, subject to negotiations. The tenant is responsible for utilities and interior maintenance, while the landlord covers all other expenses. The property is located on Covert Avenue, just east of Highway 41, in an area that is predominantly commercial along the main roads and residential along the secondary roads. Nearby retailers include Burger King, Autozone, Captain D's, KFC, and Subway.

Key Highlights

  • Approximately 5,000 SF of Open, Brightly Lit Showroom Space
  • Potential to Add a Drive‑Thru
  • Divisible Space (Subject to Negotiations)

Property Analytics

Current Use

Ford Key Replacement ... Auto Repair Shop The aVENUE Hotel & Motel

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Building Supply Restaurant Spa & Massage Center

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
$1.13 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

316
Businesses Nearby
Under-served
Demand for This Use

Demographics for 47714, IN

32,827
Population
16,040
Households
2
Avg Household Size
36
Median Age
22%
College-Educated
87%
High-School Grad
8.0 sq mi
ZIP Area
4,103
Density / Sq Mi
$54,614
Median Household Income
$33,246
Median Earnings
$951
Median Rent
$124,800
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?
Showroom - Approximately 5,000 SF showroom with potential drive-thru.
Where is this showroom located?
The property is located at 1321 Covert Avenue Evansville, IN.
What is the lease rate?
The lease rate is $7.50 SF/Yr.
What are key features of this property?
This property features: Approximately **5,000 SF of Open, Brightly Lit Showroom Space**; Potential to Add a Drive‑Thru; Divisible Space (Subject to Negotiations)
(812) 573-3500 Call to check price and availability
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