Evansville, IN Restaurants for Sale

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Updated: Oct 3, 2025

Mixed-Use Portfolio With Equipment

607 N Main St, Evansville, IN 47711

$1,500,000

11,476 sqft

11,476‑square‑foot four‑property mixed‑use portfolio
C‑4 zoning with buildings dating to 1899
605–607 N Main St includes restaurant, kitchen equipment, and dining equipment
617 N Main St has one main‑level commercial space and two second‑level apartments
11 E Delaware St includes a paved parking area

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This listing looks promising.

Here's a quick look at some key insights for

607 N Main St, Evansville, IN 47711

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Est. Cap Rate

8.8%
Above avg (5.9%)
Est. NOI

$132K
Annual
Mortgage

$150K
Jan 2025
Property Type

Commercial (General)
Built 1899

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Updated: Jun 22

Restored Restaurant Building with Rooftop Deck

22 NW Sixth Street, Evansville, IN 47708

$950,000

0.07 AC lot

Structural and MEP upgrades completed in 2017
Code kitchen with grease trap and 11' hood
Second‑floor bar and cocktail lounge with separate street‑front entrance and egress
Rooftop deck with sunset views
Three‑phase electric service

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Restaurant-Ready Retail or Office

4321 N Hwy 41, Evansville, IN 47711

$350,000

3,638 sqft

Restaurant facility on a major highway corridor with M-2 zoning and approximately 33,000 vehicles per day.

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Freestanding QSR Drive-Thru

4650 University Dr, Evansville, IN 47712

$2,087,723

3,263 sqft

Freestanding QSR with a drive-thru and a corporately guaranteed absolute NNN lease featuring renewal options.

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Leased Mexican Restaurant Outparcel

990 S Green River Rd, Evansville, IN 47715

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11,565 sqft 1.47 AC lot

Mexican restaurant building on a signalized hard-corner with strong visibility along South Green River Road.

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Conventional Restaurant with Drive-Through

2311 West Virginia Street, Evansville, IN 47712

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1,656 sqft

Existing furnishings and restaurant equipment remain in place for a ready-to-adapt food-service layout.

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Freestanding Drive-Thru Restaurant

3910 E Morgan Ave, Evansville, IN 47715

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3,371 sqft

Freestanding restaurant building with a drive-thru lane and full basement, available for NNN lease in Evansville.

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Drive-Through Restaurant NNN Leasehold

2411 Stringtown Rd, Evansville, IN 47711

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2,400 sqft 0.68 AC lot

Little Caesars drive-through restaurant on a corner lot with an existing NNN lease structure and renewal options.

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Promenade Retail Center For Sale

1223 Hirschland Rd, Evansville, IN 47715

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12,316 sqft

Highly visible shopping center in Evansville's strongest retail corridor.

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Freestanding Restaurant with Equipment

5232 Weston Rd, Evansville, IN 47712

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3,337 sqft

Freestanding, fully built-out restaurant with furniture, fixtures, and restaurant equipment in place along a major retail corridor.

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Taco Bell NNN Property

1001 N. Green River Rd, Evansville, IN 47715

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2,349 sqft

Absolute NNN structure with 1.50% annual rent increases and an established operating history.

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Corner Restaurant with Upstairs Event Space

501 N Green River Rd, Evansville, IN 47715

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9,987 sqft

Corner restaurant on an outlot with a perpetual easement for 73 parking spaces and included equipment.

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Versatile Event Venue For Sale

8335 Eagle Lake Drive, Evansville, IN

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7,233 sqft 1.31 AC lot

Turnkey event center suitable for retail, restaurant, or office.

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Renovated Restaurant with Patio

750 S Kentucky Ave, Evansville, IN 47714

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0.86 AC lot

Recently renovated restaurant facility with separate catering kitchen and updated food-service infrastructure.

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Renovated Restaurant with Commercial Kitchen

966 Washington Ave, Evansville, IN 47713

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939 sqft

Renovated in 2021 with replacement roof, HVAC, and kitchen equipment including refrigeration and dough mixer.

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Historic Mixed-Use Building with Loft

18-20 Northwest 6th Street, Evansville, IN 47708

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8,230 sqft

Two-story mixed-use building with a renovated second-floor short-term rental plus ground-floor commercial space in shell condition.

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Evansville Bar and Restaurant Opportunity

907 N Fares Ave, Evansville, IN

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2,499 sqft 0.19 AC lot

Bar and restaurant property for sale with liquor license.

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Drive-Through Restaurant Building

2519 N First Ave, Evansville, IN 47710

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Former Long John Silvers restaurant with a drive-thru window, dining rooms, and substantial remaining kitchen equipment.

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Restaurant and Bar with Liquor License

315 N Main St, Evansville, IN 47711

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For-sale restaurant/bar on a 0.23-acre lot with business assets and liquor license included.

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Restaurant with Walk-In Cooler

606 N Main Street, Evansville, IN 47711

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Restaurant property includes a dining area with seven four-top tables and a large walk-in cooler for weekly storage.

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Single-Tenant KFC NNN Restaurant

900 S Green River Rd, Evansville, IN 47715

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Single-tenant KFC operated since 1995 with NNN structure and tenant responsibility for building repairs.

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Multi-Unit Restaurant Portfolio

605-617 N Main St, Evansville, IN 47711

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Four-property portfolio includes restaurant real estate, equipment, and a liquor license with additional rental income.

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Former Burger King Restaurant

900 920 N Main St, Evansville, IN 47711

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Restaurant building with kitchen equipment and an adjoining paved parking lot.

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Remodeled Bar with Covered Patio

664 E Illinois Street, Evansville, IN 47711

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Includes a liquor license and rear outdoor gathering area.

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Evansville, IN Restaurants Market Trends and Statistics

Explore 72 restaurants for sale in Evansville, IN, showcased through 25 active listings on our real estate platform. These investment opportunities span a total of 84,259 square feet of properties for sale, with an estimated market value of $4,887,723.

Sale prices for restaurant properties in Evansville, IN start at $350,000, averaging $1,221,930, and reaching up to $2,087,723 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 183K

Population Growth (5Y) +10.0%

Median Household Income $64,157

College Educated 10.1%

High-Yield Neighborhoods for Investment

Identify Evansville submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
47711	$350K
47714	$674.5K
47708	$950K
47712	$2.2M

Taxes & Financing

Tax Rate (average for all types) 2.78%

Property Tax per SF $43.26 per SF

Tax Rate vs County Average 0.14 pp below county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Vanderburgh County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Evansville fall within the 100,000+ square foot range.

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