Indianapolis, IN Conventional Restaurants for Sale

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Updated: May 27

Restaurant Property with Monument Sign

5527 N Keystone Avenue, Indianapolis, IN 46220

$685,000

0.30 AC lot

1,795‑square‑foot restaurant building on a 0.3‑acre parcel
Current tenant has a 10‑year lease
Interior build‑out, roof, and parking lot completed in 2023
RTU installed in 2024; dumpster enclosure added in 2025
Signalized access, dedicated parking, and a monument sign

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Updated: Nov 25, 2024

Established Bar & Pub with Kitchen

7628 Southeastern Avenue, Indianapolis, IN 46239

$675,000

0.65 AC lot

Bar and pub business included with the real estate
Fully equipped kitchen with Ansul system
Dedicated bar, pool table, and outdoor seating area
0.65‑acre property in Indianapolis, IN
Built in 1980

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Restaurant with Commercial Kitchen

2023 Southeastern Avenue, Indianapolis, IN 46201

$450,000

0.26 AC lot

The offering combines the real estate with the restaurant business, kitchen equipment, furnishings and a three-way liquor license.

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Cap Rate available after sign in

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Local Demand available after sign in

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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Drive-Through Restaurant with Corporate Lease

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

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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

211 North Pennsylvania Street, Indianapolis, IN 46204

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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

6243 W Washington St, Indianapolis, IN 46241

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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

6010 W 86 St, Indianapolis, IN 46278

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3,314 sqft 1.17 AC lot

Restaurant property with an existing drive-through and patio.

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Mixed-Use Building with Patio

6406 Cornell Ave, Indianapolis, IN 46220

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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

444 E. Thompson Rd, Indianapolis, IN 46227

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2,349 sqft

Absolute NNN lease with 1.50% annual increases.

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Mixed-Use Property with Office

6516 Ferguson St, Indianapolis, IN 46220

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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

7345 E Washington St, Indianapolis, IN 46219

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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

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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Drive-Through Restaurant with Kitchen

4789 Kentucky Ave, Indianapolis, IN 46221

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An operational drive-through, commercial kitchen footprint, and on-site parking support quick-service restaurant operations.

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Freestanding Restaurant with FF&E

4022 Shelby St, Indianapolis, IN 46227

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2,000 sqft

Renovated restaurant property includes existing furnishings, equipment, and a liquor license.

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Based on your search, we've compiled 19 Potential Opportunities for your consideration. Besides 15 Active listings in Indianapolis, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

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

Three Dog Saloon Bar & Grill

517 Locust St, Middletown, IN 47356

$285,000

4,712 sqft

Full-service bar and kitchen with an included Restaurant 210 4-way liquor license.

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Mixed-Use Building with Restaurant

20 N Washington St, Knightstown, IN 46148

$380,000

3,728 sqft

Two upstairs apartments complement the restaurant operation and commercial space on the main level.

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Mixed-Use Property with Restaurant

20 N Washington Street, Knightstown, IN 46148

$380,000

0.07 AC lot

Two upstairs apartments complement the ground-floor restaurant space and its equipment.

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Full-Service Bar and Grill

517 Locust Street, Middletown, IN 47356

$285,000

0.06 AC lot

Operating establishment includes a Restaurant 210 4-way liquor license with liquor, beer, wine, and carryout privileges.

View details

Indianapolis, IN Conventional Restaurants Market Trends and Statistics

Explore 15 conventional restaurants for sale in Indianapolis, IN, showcased through 15 active listings on our real estate platform. These investment opportunities span a total of 50,239 square feet of properties for sale, with an estimated market value of $9,810,000.

Sale prices for conventional restaurants in Indianapolis, IN start at $450,000, averaging $1,962,000, and reaching up to $7,250,000 — 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

Demographics Overview

Population 979K

Population Growth (5Y) +2.8%

Median Household Income $67,417

College Educated 30.4%

High-Yield Neighborhoods for Investment

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

Neighborhood	Average Price
46201	$673.3K
46239	$675K
46220	$685K
46229	$1.9M
46219	$7.3M

Taxes & Financing

Tax Rate (average for all types) 2.46%

Property Tax per SF $41.61 per SF

Tax Rate vs County Average 0.02 pp below county avg

Average Loan-to-Value 65.0%

Property Size Breakdown

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

How Realmo verifies these figures

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