Restaurant

Indianapolis, IN Conventional Restaurants for Lease

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13 properties
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Restaurant Space with Patio
Updated: Apr 27
Restaurant Space with Patio

3131 Shelby Street, Indianapolis, IN 46227

$3,500/Mo
0.37 AC lot
More than 3,000 square feet with additional basement storage
Commercial kitchen includes hood, prep stations, grill, fryer, handwashing sink, and 3‑bay sink
Bar area with 3‑drawer cooler
Men’s and women’s restrooms
Small patio and stage for live entertainment
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Restaurant Space with Bar Infrastructure
Updated: Apr 17
Restaurant Space with Bar Infrastructure

5111 E 21st Street, Indianapolis, IN 46218

$2,600/Mo
0.22 AC lot
Restaurant space on a 0.22‑acre parcel
Existing bar setup and related infrastructure remain
Commercial zoning
Positioned just off a major highway exit
Ample parking on site
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Restaurant Space with Patio
Restaurant Space with Patio

3131 Shelby Street, Indianapolis, IN 46227

$3,500/Mo
3,732 sqft

The kitchen includes a hood, grill, fryer, prep stations, and sinks.

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Restaurant Space with Bar Infrastructure
Restaurant Space with Bar Infrastructure

5111 E 21st Street, Indianapolis, IN 46218

$2,600/Mo
3,170 sqft

Restaurant premises near a major highway exit with parking and existing bar-related improvements.

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Restaurant Building
Restaurant Building

2602 Shelby Street, Indianapolis, IN 46203

$3,535/Mo

Commercial zoning supports restaurant use at this Indianapolis property.

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Former Restaurant Redevelopment Site
Former Restaurant Redevelopment Site

6243 West Washington Street, Indianapolis, IN 46241

Contact for pricing
3,138 sqft 0.81 AC lot

Former Steak ’n Shake 3,138 SF restaurant building on 0.81 acres, on a high-traffic Washington St corridor.

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Monon 46 Restaurant Space
Monon 46 Restaurant Space

1121 East 46th Street, Indianapolis, IN 46205

Contact for pricing
3,500 sqft

Flexible dining venue with tall ceilings, roof exhaust, parking, and direct Monon Trail access.

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Downtown Restaurant with Rooftop Patio
Downtown Restaurant with Rooftop Patio

42 W South St, Indianapolis, IN 46225

Contact for pricing
11,864 sqft

Three-story restaurant space with a built-in kitchen and rooftop patio for indoor/outdoor hospitality flow.

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Second-Generation Restaurant Retail Space
Second-Generation Restaurant Retail Space

725 Massachusetts Ave, Indianapolis, IN 46204

$25 SF/Yr

Retail space with second-floor 20'+/- ceiling height, on-site parking, and an exterior patio.

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Restaurant Space with Mezzanine
Restaurant Space with Mezzanine

324 W Morris St, Indianapolis, IN 46225

Contact for pricing
7,700 sqft

Restaurant leasing opportunities offer I-70 exposure, strong access, and proximity to Lucas Oil Stadium.

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Single-Tenant Retail Space
Single-Tenant Retail Space

1072 Broad Ripple Ave., Indianapolis, IN 46825

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4,800 sqft

A dedicated retail setting designed for one occupant.

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Street-Level Restaurant Space
Street-Level Restaurant Space

111 Monument Cir, Indianapolis, IN 46204

Contact for pricing
8,886 sqft

Former Subway space is available at street level with downtown visibility and daytime pedestrian exposure.

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Restaurant Space in Salesforce Tower
Restaurant Space in Salesforce Tower

111 Monument Cir, Indianapolis, IN 46204

Contact for pricing
2,382 sqft

Former Prox Salad restaurant space on the first floor of Salesforce Tower with strong pedestrian and street-traffic visibility.

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Based on your search, we've compiled 31 Potential Opportunities for your consideration. Besides 13 Active listings in Indianapolis, IN, we suggest exploring alternatives. Consider Similar 4 Spaces in Nearby Cities, and Similar 14 Properties for Sales.

Conventional restaurants for Lease in Nearby Cities

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

Two-Story Restaurant Space
Two-Story Restaurant Space

405 N Harrison St, Shelbyville, IN 46176

Contact for pricing
1,329 sqft

Two-story restaurant space with an outdoor patio and a flexible layout for dining, bars, or coffee concepts.

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Two-Story Restaurant Building
Two-Story Restaurant Building

405 N Harrison St, Shelbyville, IN 46176

Contact for pricing
2,271 sqft

Two-story former bottling plant with an outdoor patio on N. Harrison St in Shelbyville.

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Single-Tenant Retail Space
Single-Tenant Retail Space

886 S State Rd 135, Greenwood, IN 46143

Contact for pricing
5,526 sqft

Single-tenant retail space available for rent in Greenwood.

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Conventional Restaurant Property
Conventional Restaurant Property

867 U.S. Highway 31 N, Greenwood, IN 46142

Contact for pricing

Restaurant property along US-31 with connections to Fry Road, Madison Avenue, and County Line Road.

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Similar Spaces for Sale in Indianapolis, IN

Consider Similar Space for Sale. We found 14 Spaces matching your search parameters.

Two-Building Mixed-Use Property
Two-Building Mixed-Use Property

1915 Southeastern Ave, Indianapolis, IN 46201

$750,000
9,720 sqft

Includes a leased restaurant building and a larger multi-suite commercial building.

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Restaurant Building with Monument Sign
Restaurant Building with Monument Sign

5527 N Keystone Avenue, Indianapolis, IN 46220

$685,000
1,795 sqft

Restaurant improvements and a current tenant with a 10-year lease support its existing food-service configuration.

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Restaurant Property with Monument Sign
Restaurant Property with Monument Sign

5527 N Keystone Avenue, Indianapolis, IN 46220

$685,000
0.30 AC lot

The property combines a restaurant-configured building with on-site parking and signalized access.

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Drive-Through Restaurant with Corporate Lease
Drive-Through Restaurant with Corporate Lease

8616 U.S. 31 South, Indianapolis, IN 46227

Contact for pricing
3,875 sqft 1.10 AC lot

The newly built restaurant operates under a long-term corporate lease with renewal options.

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Ground-Floor Restaurant & Retail Space
Ground-Floor Restaurant & Retail Space

211 North Pennsylvania Street, Indianapolis, IN 46204

Contact for pricing
11,712 sqft

Ground-floor restaurant and retail space with an outdoor dining terrace in a high-rise tower with valet and garage access.

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Freestanding Restaurant Building
Freestanding Restaurant Building

6243 W Washington St, Indianapolis, IN 46241

Contact for pricing
3,138 sqft 0.81 AC lot

Former restaurant property along W Washington St with proximity to Indianapolis International Airport.

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Drive-Through Restaurant Building
Drive-Through Restaurant Building

6010 W 86 St, Indianapolis, IN 46278

Contact for pricing
3,314 sqft 1.17 AC lot

Restaurant property with an existing drive-through and patio.

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Taco Bell NNN Property
Taco Bell NNN Property

444 E. Thompson Rd, Indianapolis, IN 46227

Contact for pricing
2,349 sqft

Absolute NNN lease with 1.50% annual increases.

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Single-Tenant Absolute NNN Restaurant
Single-Tenant Absolute NNN Restaurant

7345 E Washington St, Indianapolis, IN 46219

Contact for pricing
5,230 sqft

Absolute NNN-leased Applebee99s single-tenant restaurant in Indianapolis, operated by Flynn Group and guaranteed by Apple American Group LLC.

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Hotel with On-Site Restaurant
Hotel with On-Site Restaurant

7304 E 21st St, Indianapolis, IN 46219

$7,250,000

Established hospitality property with guest services, meeting space, fitness amenities, and on-site laundry.

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Established Bar & Pub with Kitchen
Established Bar & Pub with Kitchen

7628 Southeastern Avenue, Indianapolis, IN 46239

$675,000
0.65 AC lot

Operating venue with food-service infrastructure, a pool table, and an outdoor seating area.

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Indianapolis, IN Conventional restaurants Lease Rates & Market Statistics

Explore 13 Conventional restaurants for lease in Indianapolis, IN on Realmo, a commercial real estate exchange covering the Indianapolis area. The current inventory totals 49,172 square feet of properties — an average of ~3,800 SF per listing.

Asking lease rates for Conventional restaurants in Indianapolis start at $9.84 SF/Yr, average $15.36 SF/Yr, and reach $25 SF/Yr at the top of the market. That's a 3x spread between entry-level and premium space, making side-by-side comparison of asking rents and lease terms essential. At $15.36 SF/Yr, the local average runs 45% below Indiana's state average of $27.69 SF/Yr.

Conventional restaurants make up 45% of the 29 Restaurants currently for lease in Indianapolis, with asking rates averaging $15.36 SF/Yr — 18% below the citywide Restaurants average of $18.72 SF/Yr. Also worth a look for tenants weighing alternatives: Drive through restaurants (7 listings) and Other restaurants (7 listings) elsewhere in the Indianapolis market.

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