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    5211 W 10Th St Speedway, IN 46224

    For Sale
    $2,199,000

    Retail - Speedway, IN

    Type:Retail
    Property size:
    5,497 SF
    Lot size:
    2.65 Acres
    Days on Market:
    130
    Last Refresh:
    Dec 5 at 5:06 pm

    Property Features for 5211 W 10Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    I2
    APN
    491106100005000914
    Size
    5,497 SF
    Lot size
    2.65 Acres

    Building Details

    Year built
    1960
    Architectural style
    Other

    RE/MAX Advanced Realty (317) 298-0961 [email protected]

    Listing agent Keith Turnbill (317) 298-0961 License #RB14035185

    Listing date Jul 29, 2025

    MLS# 22053576 Listing URL

    Copyright © 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Iconic Speedway Restaurant Business Opportunity

    Located in the heart of Speedway, this property is steps from the Indianapolis Motor Speedway and Mug-n-Bun Drive-In. The property offers historic character, walkability, and cultural richness. It is located near parades, festivals, and race-day excitement, with easy access to downtown Indy and I465. This is an opportunity to own a restaurant business on nearly 2.50 acres. The offering includes four parcels of land, featuring a classic drive-up restaurant, a sit-down dining facility, a fully equipped pizza shop, and an on-site residence for owner-occupancy or rental potential. The purchase includes the real estate, established business, all furniture, fixtures, and equipment. The property is positioned to benefit from race-day crowds, neighborhood traffic, and the vibrant culture of Speedway. The living area is 5497 square feet and the lot size is 2.65 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Speedway
    County
    Marion
    State
    Indiana
    Longitude
    -86.248691
    Latitude
    39.779338

    FAQs

    What type of property is this?
    Drive through restaurant - Rare opportunity to own a booming restaurant business in Speedway.
    Where is this drive through restaurant located?
    The property is located at 5211 W 10Th St Speedway, IN.
    What is the asking price?
    The asking price for this property is $2,199,000.
    What are key features of this property?
    This property features: - Turnkey acquisition of the legendary Mug-N-Bun Drive-In restaurant business, including real estate, established business, furniture, fixtures, and equipment.; - Prime location in the heart of Speedway, steps from the Indianapolis Motor Speedway (IMS), Mug-n-Bun, and Main Street.; - Includes four parcels of land with a classic drive-up restaurant, sit-down dining facility, fully equipped pizza shop, and on-site residence.
    (317) 298-0961
    Request Owner's contact information
    5211 W 10Th St Speedway, IN 46224
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    Speedway, IN 46224
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5211 W 10Th St Speedway, IN 46224
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