Restaurant Space with
For Lease
$3,500/Mo
3131 Shelby Street, Indianapolis, IN 46227
Commercial Lease, Indianapolis, IN
Space SizeContact for details
Lot Size0.37 Acres
Days on Market125
Property Features for 3131 Shelby Street
General Information
Property type
Commercial Lease
Property subtype
Retail
Zoning
MU-1
Elementary school district
Perry Township Schools
Middle school district
Perry Township Schools
High school district
Perry Township Schools
Directions
GPS Friendly
Subdivision
4907 - Marion - Perry
Standard status
Active
APN
491030122001123501
Lot size
0.37 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Golden Addition L280 - L283 & W1/2 L279 Beg Nwcor L283 E 130' S 123' W 130' N 123' To Beg15990sqft 0.367Acres
Legal Description
Golden Addition L280 - L283 & W1/2 L279 Beg Nwcor L283 E 130' S 123' W 130' N 123' To Beg15990sqft 0.367Acres
Amenities
patio
stage for live entertainment
Listing Agency:
Keller Williams Indy Metro Partners · Keller Williams Realty
(317) 882-5900
Listed By:
Shelly Johnson · License #RB14043056
(317) 882-5900
Added: Apr 27
Changed: Aug 28
Last Checked: Aug 29 at 9:06AM
MLS# 22097967
Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This restaurant property offers more than 3,000 square feet with a configuration suited to food and beverage operations. The interior includes a bar area, men’s and women’s restrooms, and a commercial kitchen equipped with a hood, prep stations, grill, fryer, handwashing sink, and 3-bay sink. A 3-drawer cooler is also included.
Additional storage is located in the basement. Exterior amenities include a small patio and stage for live entertainment. The property occupies 0.37 acres at 3131 Shelby Street in Indianapolis and is zoned MU-1.
Additional storage is located in the basement. Exterior amenities include a small patio and stage for live entertainment. The property occupies 0.37 acres at 3131 Shelby Street in Indianapolis and is zoned MU-1.
Key Highlights
- 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
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Commercial hood
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
512
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46227, IN
62,126
Population
26,411
Households
2.4
Avg Household Size
33
Median Age
21%
College-Educated
83%
High-School Grad
16.7 sq mi
ZIP Area
3,720
Density / Sq Mi
$50,993
Median Household Income
$35,591
Median Earnings
$994
Median Rent
$192,600
Median Home Value
Market
Vacancy Rate% for Retail in Indianapolis, IN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - MU-1-zoned restaurant space with a built-out kitchen, bar area, restrooms, and basement storage.
Where is this conventional restaurant located?
The property is located at 3131 Shelby Street Indianapolis, IN.
What is the lease rate?
The lease rate is $3,500/Mo.
What are key features of this property?
This property features: 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
