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    Evansville, IN
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    Evansville, IN Restaurants for Sale

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    6 properties
    Versatile Event Venue For Sale
    Updated: Aug 27, 2025
    Versatile Event Venue For Sale

    8335 Eagle Lake Drive, Evansville, IN

    $1,300,000
    7,233 sqft 1.31 AC lot
    High visibility location from I‑69.
    Fully equipped commercial kitchen with walk‑in cooler/freezer, multiple ovens, and extensive equipment.
    Large event space with a seating capacity of 180 and total building capacity of 250.
    Ample parking with approximately 80 spaces.
    Enjoy the lake view from both enclosed and outdoor patios.
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    This listing looks promising.

    Here's a quick look at some key insights for

    8335 Eagle Lake Drive, Evansville, IN

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    • Est. Cap Rate

      7.6%
      Above avg (5.9%)

    • Est. NOI

      $98K
      Annual

    • Price @ 7% Cap

      $1.4M
      Above asking

    • Property Type

      Restaurant
      Built 2005
    View Property Analytics
    Historic Boutique Hotel with 16 Rooms
    Updated: Jul 15
    Historic Boutique Hotel with 16 Rooms

    1119 Lincoln Avenue, Evansville, IN 47714

    $849,000
    2.04 AC lot
    Historic Boehne House built in 1912, listed on the National Register of Historic Places (1983).
    9,257 sq ft property on a 2.04‑acre site (two parcels) with a dedicated 21‑space parking lot and room for expansion.
    Interior includes 16 rooms with 6 suites, including a fully independent 3rd story unit with the square footage of an independent home.
    Modern systems: 3 independent HVAC systems, updated plumbing and electrical, and a tankless water heater.
    Roof replaced in 2021; structural support systems installed in 2023 for limestone building stability.
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    Restored Two-Level Restaurant Lounge
    Restored Two-Level Restaurant Lounge

    22 NW Sixth Street, Evansville, IN 47708

    $950,000
    0.07 AC lot

    Fully upgraded downtown bar and restaurant building with code kitchen, rooftop deck, and a second-floor lounge entrance.

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    Downtown Corner Retail/Restaurant Space
    Downtown Corner Retail/Restaurant Space

    401 Main St, Evansville, IN

    $1,799,000
    13,000 sqft 0.31 AC lot

    Prime corner location ideal for retail or restaurant use.

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    Promenade Retail Center For Sale
    Promenade Retail Center For Sale

    1223 Hirschland Rd, Evansville, IN 47715

    Contact for pricing
    12,316 sqft

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

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    Evansville Bar and Restaurant Opportunity
    Evansville Bar and Restaurant Opportunity

    907 N Fares Ave, Evansville, IN

    $225,000
    2,499 sqft 0.19 AC lot

    Bar and restaurant property for sale with liquor license.

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 6 Active listings in Evansville, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 66 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Turn-Key Restaurant with Parking
    Turn-Key Restaurant with Parking

    7247 Main Street, Wadesville, IN 47638

    $649,900
    0.74 AC lot

    Turn-key restaurant offering a fully operational kitchen, spacious dining, and ample on-site parking in a high-traffic roadside setting.

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    Freestanding Drive-Thru Restaurant with NNN
    Freestanding Drive-Thru Restaurant with NNN

    2525 US-41, Henderson, KY 42420

    $1,000,000
    1,890 sqft

    Freestanding drive-through Subway on a high-traffic corridor with an absolute NNN lease.

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    Turn-Key Restaurant Opportunity
    Turn-Key Restaurant Opportunity

    7247 Main St, Wadesville, IN 47638

    $649,900
    3,606 sqft

    Established restaurant with loyal clientele in Posey County.

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    Restaurant and Vacant Land For Sale
    Restaurant and Vacant Land For Sale

    401-407 Walker Dr, Henderson, KY

    $955,000
    4,641 sqft 2.41 AC lot

    Restaurant and vacant land available off Highway 41 in Henderson.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Evansville Land with Development Potential
    Evansville Land with Development Potential

    111 N RED BANK RD, Evansville, IN 47712

    $375,000
    2,610 sqft

    Unique westside location suitable for multifamily or commercial development.

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    Commercial Lot Adjoining Hotel
    Commercial Lot Adjoining Hotel

    01 N Plaza Dr. Avenue, Rockport, IN 47635

    $206,250
    1.68 AC lot

    1.675-acre commercial lot with city services and convenient highway access near the Natcher Bridge.

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    Prime Commercial Land in Owensboro
    Prime Commercial Land in Owensboro

    1651 Parrish Plaza Dr., Owensboro, KY 42301

    $650,000
    6.10 AC lot

    6.103 acres of commercial land in high-traffic area.

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    Site-Ready Building Lots
    Site-Ready Building Lots

    3219 W Broadway Street, Princeton, IN 47670

    $99,900
    1.04 AC lot

    Three site-ready lots with utilities available near Goodwill for retail, office, or restaurant development.

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    Off-Market Properties in Evansville, IN

    Consider similar Off-Market properties in Evansville, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    4515 Washington Ave
    RESTAURANT

    4515 Washington Ave, Evansville, IN 47714

    Value Estimation by Request
    1,728 sqft 0.56 AC lot
    View details
    3901 Hwy 41st N
    RESTAURANT

    3901 Hwy 41st N, Evansville, IN 47711-3583

    Value Estimation by Request
    5,450 sqft 1.01 AC lot
    View details
    1401 Covert Ave
    RESTAURANT

    1401 Covert Ave, Evansville, IN 47714-3525

    Value Estimation by Request
    1,598 sqft 0.23 AC lot
    View details
    11200 Uppr Mt Vernon Rd
    RESTAURANT

    11200 Uppr Mt Vernon Rd, Evansville, IN 47712-9585

    Value Estimation by Request
    4,808 sqft 1.06 AC lot
    View details
    5125 Pearl Dr
    RESTAURANT

    5125 Pearl Dr, Evansville, IN 47712-8109

    $505,000
    Estimated value
    6,735 sqft 1.61 AC lot
    View details
    3433 Grn Riv Rd
    RESTAURANT

    3433 Grn Riv Rd, Evansville, IN 47715-1349

    Value Estimation by Request
    1,512 sqft 0.95 AC lot
    View details
    3600 1st Ave
    RESTAURANT

    3600 1st Ave, Evansville, IN 47710-3322

    Value Estimation by Request
    3,566 sqft 0.79 AC lot
    View details
    5201 Kratzville Rd
    RESTAURANT

    5201 Kratzville Rd, Evansville, IN 47710-4179

    Value Estimation by Request
    10,812 sqft 2.02 AC lot
    View details
    900 Main St
    RESTAURANT

    900 Main St, Evansville, IN 47711-5054

    Value Estimation by Request
    3,415 sqft 0.94 AC lot
    View details
    7301 Indiana St
    RESTAURANT

    7301 Indiana St, Evansville, IN 47715-2795

    Value Estimation by Request
    7,093 sqft 1.75 AC lot
    View details
    2607 Baseline Rd
    RESTAURANT

    2607 Baseline Rd, Evansville, IN 47720-7222

    Value Estimation by Request
    7,145 sqft 1.38 AC lot
    View details
    966 Washington Ave
    RESTAURANT

    966 Washington Ave, Evansville, IN 47713

    Value Estimation by Request
    939 sqft 0.13 AC lot
    View details
    4610 Bellemeade Ave
    RESTAURANT

    4610 Bellemeade Ave, Evansville, IN 47714-0620

    $565,000
    Estimated value
    10,444 sqft 1.94 AC lot
    View details
    2519 1st Ave
    RESTAURANT

    2519 1st Ave, Evansville, IN 47710-2949

    Value Estimation by Request
    2,356 sqft 0.92 AC lot
    View details
    6600 1st Ave
    RESTAURANT

    6600 1st Ave, Evansville, IN 47710-4458

    Value Estimation by Request
    13,624 sqft 2.39 AC lot
    View details
    101 Kimber Ln
    RESTAURANT

    101 Kimber Ln, Evansville, IN 47715

    Value Estimation by Request
    2,913 sqft 1.74 AC lot
    View details
    7221 Indiana St
    RESTAURANT

    7221 Indiana St, Evansville, IN 47715-2793

    Value Estimation by Request
    6,169 sqft 1.44 AC lot
    View details
    8301 Eagle Lk Dr
    RESTAURANT

    8301 Eagle Lk Dr, Evansville, IN 47715-8165

    $500,000
    Estimated value
    6,365 sqft 2.07 AC lot
    View details

    Evansville, IN Restaurants Market Trends and Statistics

    Explore 72 restaurants for sale in Evansville, IN, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 22,732 square feet of properties for sale, with an estimated market value of $3,324,000.

    Sale prices for restaurant properties in Evansville, IN start at $225,000, averaging $1,108,000, and reaching up to $1,799,000 — 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

    Bars & Pubs 4
    Conventional restaurants 2
    Drive through restaurants 2
    Turn key restaurants 2
    Commercial kitchens 1

    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
    47715 $289.5K
    47708 $950K

    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)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Vanderburgh County

    Residential Income

    Property Size Breakdown

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

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    Most Searched ZIP Codes in Evansville, IN

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    • 47714
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