3131 Shelby Street Indianapolis, IN 46227

Listing agent Shelly Johnson License #RB14043056 Show Phone

Listing office Keller Williams Indy Metro S s***@kw.com N Emerson Ave Ste 300 48, Greenwood, IN Show Phone

Listing date Apr 27, 2026

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MLS# 22097967

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Investment Insights

Based on property information with market context.

This southside commercial building is available for lease and is designed for restaurant or bar use with an operator-ready interior. The space is over 3,000 SF and includes additional basement storage. Inside, there is a bar area with a 3-drawer cooler and 3-bay sink, along with men’s and women’s restrooms. The kitchen includes a hood, prep stations, grill, fryer, handwashing sink, and a 3-bay sink. Downstairs provides ample storage for back-of-house operations.

The property is zoned MU-1 and located in a high-visibility corridor with steady traffic, supporting footfall and drive-by exposure for hospitality concepts. Outside, the building offers a small patio and a stage intended for live entertainment.

For a tenant looking to open or expand a hospitality concept, the existing bar and kitchen configuration can reduce early buildout work while supporting day-to-day service. The combination of on-site storage and an outdoor area suitable for live programming creates a practical foundation for restaurants and bars planning a customized guest experience within the MU-1 zoning framework.

Key Highlights

• Over 3,000 SF commercial building with additional basement storage
• Restaurant/bar interior includes a bar area with 3‑drawer cooler and 3‑bay sink
• Full kitchen with hood, prep stations, grill, fryer, handwashing sink, and 3‑bay sink

Property Analytics

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FAQs

What type of property is this?

Bar & Pub - Restaurant and bar buildout includes kitchen equipment, restrooms, and basement storage with a small patio and stage.

Where is this bar & pub located?

The property is located at 3131 Shelby Street Indianapolis, IN.

What is the lease rate?

The lease rate is $4,000 /Mo.

What are key features of this property?

This property features: Over 3,000 SF commercial building with additional basement storage; Restaurant/bar interior includes a bar area with 3‑drawer cooler and 3‑bay sink; Full kitchen with hood, prep stations, grill, fryer, handwashing sink, and 3‑bay sink