Restaurant Property with Dedicated
1127 Prospect Street, Indianapolis, IN 46203
For Sale
Contact for pricing
A compact flex building adds another existing component to the parking parcel across Prospect Street from the hospitality venue.
Property SizeContact for details
Days on Market33
Property Features for 1127 Prospect Street
General Information
Standard status
Property subtype
Site & Location
Neighborhood
Highway Access
Road Access
Additional Details
Property Use
Building Details
Year Built
Year Renovated
Listing Agency:
NAI Global
Listed By:
Andrew Follman · License IN RB14043685
(317) 566-5614
Source:
Crexi
Added: Oct 8
Changed: Nov 9
Last Checked: Nov 8 at 4:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Global
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Investment Insights
Based on property information with market context.
The offering includes an established hospitality venue at 1127 Prospect Street and a separate property at 1150 Prospect Street, directly across the street. The latter combines a dedicated parking area with a compact flex building set near the center of the parcel, leaving much of the site available for parking and circulation. The building dates to 1953 and was substantially updated around 2009. The venue property is zoned C-4 (Community-Regional Commercial).
Both properties are in Fountain Square, near Prospect Street, Shelby Street, Virginia Avenue and Keystone Avenue. Interstate 65 and Interstate 70 are a short drive away. The sites are also along the IndyGo Red Line bus route, with downtown Indianapolis and destinations including Lucas Oil Stadium, Gainbridge Fieldhouse and Eli Lilly nearby.
Both properties are in Fountain Square, near Prospect Street, Shelby Street, Virginia Avenue and Keystone Avenue. Interstate 65 and Interstate 70 are a short drive away. The sites are also along the IndyGo Red Line bus route, with downtown Indianapolis and destinations including Lucas Oil Stadium, Gainbridge Fieldhouse and Eli Lilly nearby.
Key Highlights
- Established hospitality venue at 1127 Prospect Street
- Separate parking property at 1150 Prospect Street, directly across Prospect Street
- Parking parcel includes a compact flex building near its center
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,095
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46203, IN
38,224
Population
18,057
Households
2.1
Avg Household Size
34
Median Age
26%
College-Educated
79%
High-School Grad
13.9 sq mi
ZIP Area
2,750
Density / Sq Mi
$55,375
Median Household Income
$40,620
Median Earnings
$1,022
Median Rent
$155,500
Median Home Value
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Market
Properties on Market for Conventional restaurants in Indianapolis
Vacancy Rate% for Industrial in Indianapolis, IN
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A compact flex building adds another existing component to the parking parcel across Prospect Street from the hospitality venue.
Where is this conventional restaurant located?
The property is located at 1127 Prospect Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Established hospitality venue at 1127 Prospect Street; Separate parking property at 1150 Prospect Street, directly across Prospect Street; Parking parcel includes a compact flex building near its center
