Restaurant Space with Bar
For Lease
$2,600/Mo
5111 E 21st Street, Indianapolis, IN 46218
Commercial Lease, Indianapolis, IN
Space SizeContact for details
Lot Size0.22 Acres
Days on Market149
Property Features for 5111 E 21st Street
General Information
Property type
Commercial Lease
Property subtype
Retail
Zoning
Commercial
Elementary school district
Indianapolis Public Schools
Middle school district
Indianapolis Public Schools
High school district
Indianapolis Public Schools
Directions
GPS Friendly
Subdivision
4905 - Marion - Warren
Standard status
Active
APN
490734117012000701
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Green Lawns Add Pt L6 Beg Ne Cor L6 S 120Ft W79ft N 120Ft E 79Ft To Beg
Legal Description
Green Lawns Add Pt L6 Beg Ne Cor L6 S 120Ft W79ft N 120Ft E 79Ft To Beg
Listing Agency:
eXp Realty, LLC
(888) 611-3912
Listed By:
Barinder Singh · License #RB22001604
(812) 734-6048
Added: Apr 17
Changed: Sep 1
Last Checked: Sep 12 at 9:06PM
MLS# 22096142
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.
Restaurant space available for lease on a 0.22-acre parcel in Indianapolis. The property retains portions of a prior bar setup and related infrastructure, providing an existing foundation for a future restaurant or bar concept. The premises are offered in as-is condition for redevelopment, and utilities are currently disconnected.
The site is positioned just off a major highway exit and includes ample parking. It is located at 5111 E 21st Street in Indianapolis, within Marion County and ZIP Code 46218. Existing dimensions are approximate, and prospective tenants are responsible for completing their own due diligence.
The site is positioned just off a major highway exit and includes ample parking. It is located at 5111 E 21st Street in Indianapolis, within Marion County and ZIP Code 46218. Existing dimensions are approximate, and prospective tenants are responsible for completing their own due diligence.
Key Highlights
- Restaurant space on a 0.22‑acre parcel
- Existing bar setup and related infrastructure remain
- Commercial zoning
Property Analytics
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Current Use
Lease Details
Yes
Highway access
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
495
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46218, IN
30,400
Population
15,343
Households
2
Avg Household Size
36
Median Age
11%
College-Educated
80%
High-School Grad
9.5 sq mi
ZIP Area
3,200
Density / Sq Mi
$34,635
Median Household Income
$29,745
Median Earnings
$1,056
Median Rent
$90,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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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 - Commercially zoned restaurant space with existing bar infrastructure and parking, offered as-is for redevelopment.
Where is this conventional restaurant located?
The property is located at 5111 E 21st Street Indianapolis, IN.
What is the lease rate?
The lease rate is $2,600/Mo.
What are key features of this property?
This property features: Restaurant space on a 0.22‑acre parcel; Existing bar setup and related infrastructure remain; Commercial zoning
