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 Bar Infrastructure
Restaurant Space with Bar Infrastructure

5111 E 21st St, 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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Former Restaurant Redevelopment Site
Former Restaurant Redevelopment Site

6243 West Washington Street, Indianapolis, IN 46241

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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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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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Monon 46 Restaurant Space
Monon 46 Restaurant Space

1121 East 46th Street, Indianapolis, IN 46205

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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

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11,864 sqft

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

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Restaurant Space with Mezzanine
Restaurant Space with Mezzanine

324 W Morris St, Indianapolis, IN 46225

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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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Second-Generation Restaurant Space
Second-Generation Restaurant Space

3367 East 86th Street, Indianapolis, IN 46240

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Existing restaurant improvements include a hood and support continued food-service use.

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Retail Space with Drive-Through
Retail Space with Drive-Through

610 Drover Street, Indianapolis, IN 46221

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Planned three-suite retail development with storefront exposure, shared parking, patio space, and a drive-through end cap.

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Street-Level Restaurant Space
Street-Level Restaurant Space

111 Monument Cir, Indianapolis, IN 46204

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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

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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.

Campus Restaurant Space
Campus Restaurant Space

212 N Indiana Ave, Bloomington, IN 47408

$3,100/Mo
1,332 sqft

Renovated food-service space positioned across from Indiana University’s Mauer School of Law and near the Sample Gates.

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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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Retail Space with Hood Vent
Retail Space with Hood Vent

531 N Walnut Street, Bloomington, IN 47404

$25 SF/Yr
0.19 AC lot

Downtown Core zoning supports retail, restaurant, and creative commercial uses.

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Similar Spaces for Sale in Indianapolis, IN

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

Commercial Shopping Center
Commercial Shopping Center

2915 N German Church Road, Indianapolis, IN 46229

$1,850,000
3.48 AC lot

Commercial property with corridor visibility and convenient access along N German Church Road.

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Restaurant Building with Monument Sign
Restaurant Building with Monument Sign

5527 N Keystone Avenue, Indianapolis, IN 46220

$685,000
0.30 AC lot

Restaurant-configured property with signalized access, dedicated parking, and a prominent roadside sign.

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

1915 Southeastern Avenue, Indianapolis, IN 46201

$750,000
0.45 AC lot

C-3-zoned commercial asset with multi-suite space, warehouse capability, and a leased restaurant component.

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Mixed-Use Building with Patio
Mixed-Use Building with Patio

6406 Cornell Ave, Indianapolis, IN 46220

Contact for pricing
6,977 sqft

Architecturally distinctive mixed-use building with above-grade space on two floors plus a full basement.

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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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Mixed-Use Property with Office
Mixed-Use Property with Office

6516 Ferguson St, Indianapolis, IN 46220

Contact for pricing
1,924 sqft

Commercial conversion combining front-office space with a restaurant operation in a character-rich building.

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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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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 45,440 square feet of properties — an average of ~3,500 SF per listing.

Asking lease rates for Conventional restaurants in Indianapolis start at $9.84 SF/Yr, average $17.42 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 $17.42 SF/Yr, the local average runs 10% above Indiana's state average of $15.89 SF/Yr.

Conventional restaurants make up 39% of the 33 Restaurants currently for lease in Indianapolis, with asking rates averaging $17.42 SF/Yr — 15% below the citywide Restaurants average of $20.59 SF/Yr. Also worth a look for tenants weighing alternatives: Drive through restaurants (10 listings) and Other restaurants (8 listings) elsewhere in the Indianapolis market.

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