Evansville, IN Restaurants for Sale

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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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Updated: Jul 24

Restaurant-Ready Retail or Office

4321 N Hwy 41, Evansville, IN 47711

$350,000

3,638 sqft

Former Denny's restaurant building set up for restaurant use
Could be converted to other retail or office uses
Located on US Hwy 41 with an estimated 33,000 vehicles per day traffic count
3638 SF building
Zoned M‑2

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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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See hot listings in Evansville

Scored against comparables nationwide. These are worth a look.

Cap Rate available after sign in

Est. NOI available after sign in

Local Demand available after sign in

Mixed-Use Portfolio With Equipment

607 N Main St, Evansville, IN 47711

$1,500,000

11,476 sqft

Four-building commercial portfolio with restaurant improvements, apartments, and a paved parking area.

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Conventional Restaurant with Drive-Through

2311 West Virginia Street, Evansville, IN 47712

Contact for pricing

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 East Morgan Avenue, Evansville, IN 47715

$1,150,000

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

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Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads

Evansville Bar and Restaurant Opportunity

907 N Fares Ave, Evansville, IN 47711

$225,000

2,499 sqft

Bar and restaurant property for sale with liquor license.

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Historic Mixed-Use Building with Loft

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

Contact for pricing

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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Restaurant and Bar with Liquor License

315 N Main St, Evansville, IN 47711

Contact for pricing

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

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Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 9 Active listings in Evansville, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 63 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.

Freestanding Drive-Thru Restaurant

1725 S Green St, Henderson, KY 42420

$900,000

2,835 sqft 2.03 AC lot

Freestanding Subway with drive-thru and absolute NNN lease on a primary commercial corridor.

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Restaurant with Full Kitchen

7247 Main Street, Wadesville, IN 47638

$649,900

0.74 AC lot

Operational dining property with a spacious dining area, on-site parking, and a roadside position in Wadesville.

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Restaurant Space with Extra Land

2278 S Green St, Henderson, KY 42420

Contact for pricing

2,028 sqft 1.48 AC lot

Restaurant with equipment and land for sale off S Green St.

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Turn-Key Restaurant Opportunity

7247 Main St, Wadesville, IN 47638

Contact for pricing

3,606 sqft

Established restaurant with loyal clientele in Posey County.

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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

111 North Red Bank Road, Evansville, IN 47712

$375,000

Unique westside location suitable for multifamily or commercial development.

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Site-Ready Commercial Land

3219 W Broadway Street, Princeton, IN 47670

$99,900

1.04 AC lot

Utilities are available for commercial development on the west side of Princeton.

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Commercial Land with Utilities

3221 W Broadway Street, Princeton, IN 47670

$109,900

1.70 AC lot

Three site-ready building lots offer flexible commercial development options west of Princeton.

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Commercial Land with Utilities

3219 W Broadway Street, Princeton, IN 47670

$99,900

1.04 AC lot

Three buildable commercial lots offer utility availability 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.

RESTAURANT

4515 Washington Ave, Evansville, IN 47714

Estimated value:

$255,000

1,728 sqft 0.56 AC lot

View details

RESTAURANT

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

Estimated value:

$265,000

5,450 sqft 1.01 AC lot

View details

RESTAURANT

1401 Covert Ave, Evansville, IN 47714-3525

Estimated value:

$250,000

1,598 sqft 0.23 AC lot

View details

RESTAURANT

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

Estimated value:

$265,000

4,808 sqft 1.06 AC lot

View details

RESTAURANT

5125 Pearl Dr, Evansville, IN 47712-8109

Estimated value:

$505,000

6,735 sqft 1.61 AC lot

View details

RESTAURANT

3433 Grn Riv Rd, Evansville, IN 47715-1349

Estimated value:

$265,000

1,512 sqft 0.95 AC lot

View details

RESTAURANT

3600 1st Ave, Evansville, IN 47710-3322

Estimated value:

$270,000

3,566 sqft 0.79 AC lot

View details

RESTAURANT

5201 Kratzville Rd, Evansville, IN 47710-4179

Estimated value:

$260,000

10,812 sqft 2.02 AC lot

View details

RESTAURANT

900 Main St, Evansville, IN 47711-5054

Estimated value:

$215,000

3,415 sqft 0.94 AC lot

View details

RESTAURANT

7301 Indiana St, Evansville, IN 47715-2795

Estimated value:

$480,000

7,093 sqft 1.75 AC lot

View details

RESTAURANT

2607 Baseline Rd, Evansville, IN 47720-7222

Estimated value:

$255,000

7,145 sqft 1.38 AC lot

View details

RESTAURANT

966 Washington Ave, Evansville, IN 47713

Estimated value:

$140,000

939 sqft 0.13 AC lot

View details

RESTAURANT

4610 Bellemeade Ave, Evansville, IN 47714-0620

Estimated value:

$280,000

10,444 sqft 1.94 AC lot

View details

RESTAURANT

2519 1st Ave, Evansville, IN 47710-2949

Estimated value:

$230,000

2,356 sqft 0.92 AC lot

View details

RESTAURANT

6600 1st Ave, Evansville, IN 47710-4458

Estimated value:

$425,000

13,624 sqft 2.39 AC lot

View details

Evansville, IN Restaurants Market Trends and Statistics

Explore 72 restaurants for sale in Evansville, IN, showcased through 9 active listings on our real estate platform. These investment opportunities span a total of 30,762 square feet of properties for sale, with an estimated market value of $6,262,723.

Sale prices for restaurant properties in Evansville, IN start at $225,000, averaging $1,043,787, 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	$691.7K
47708	$950K
47715	$1.2M
47712	$2.1M

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.

How Realmo verifies these figures

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Reach out if you need assistance with Realmo tools or have questions about your listings

Evansville, IN Restaurants for Sale

22 NW Sixth Street, Evansville, IN 47708

4321 N Hwy 41, Evansville, IN 47711

4650 University Dr, Evansville, IN 47712

607 N Main St, Evansville, IN 47711

2311 West Virginia Street, Evansville, IN 47712

3910 East Morgan Avenue, Evansville, IN 47715

907 N Fares Ave, Evansville, IN 47711

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

315 N Main St, Evansville, IN 47711

Opportunities in Nearby Cities

1725 S Green St, Henderson, KY 42420

7247 Main Street, Wadesville, IN 47638

2278 S Green St, Henderson, KY 42420

7247 Main St, Wadesville, IN 47638

Potential Development Sites for Consideration

111 North Red Bank Road, Evansville, IN 47712

3219 W Broadway Street, Princeton, IN 47670

3221 W Broadway Street, Princeton, IN 47670

3219 W Broadway Street, Princeton, IN 47670

Off-Market Properties in Evansville, IN

4515 Washington Ave, Evansville, IN 47714

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

1401 Covert Ave, Evansville, IN 47714-3525

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

5125 Pearl Dr, Evansville, IN 47712-8109

3433 Grn Riv Rd, Evansville, IN 47715-1349

3600 1st Ave, Evansville, IN 47710-3322

5201 Kratzville Rd, Evansville, IN 47710-4179

900 Main St, Evansville, IN 47711-5054

7301 Indiana St, Evansville, IN 47715-2795

2607 Baseline Rd, Evansville, IN 47720-7222

966 Washington Ave, Evansville, IN 47713

4610 Bellemeade Ave, Evansville, IN 47714-0620

2519 1st Ave, Evansville, IN 47710-2949

6600 1st Ave, Evansville, IN 47710-4458

Evansville, IN Restaurants Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

Total CRE Inventory on Market (SF)

Property Size Breakdown

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