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    4022 Shelby St Indianapolis, IN 46227

    For Sale
    Contact for pricing

    Freestanding restaurant building near the University of Indianapolis for sale.

    Property size:
    2,000 SF
    Lot size:
    0.25 Acres

    Property Features for 4022 Shelby St

    General Information

    Size
    2,000 SF
    Lot size
    0.25 Acres

    Source: Tharp Realty Agent Crystal Kennard

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restaurant Building Near University For Sale

    A freestanding building housing a restaurant is available for purchase. The property is located across from the University of Indianapolis on the south side of Indianapolis. Renovations were completed in 2018. The sale includes all furniture, fixtures, and equipment (FF&E), as well as the liquor license. The University of Indianapolis has an enrollment of 5,600 students on its main campus, including approximately 1,400 graduate students. The university offers over 100 undergraduate degree programs, more than 40 master's degree programs, and five doctoral programs. The student body represents over 40 U.S. states and 55 countries. The property has a size of 2,000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Open Kitchen Restuarant American Restaurant

    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
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.139737
    Latitude
    39.707589

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    FAQs

    What type of property is this?
    Restaurant - Freestanding restaurant building near the University of Indianapolis for sale.
    Where is this restaurant located?
    The property is located at 4022 Shelby St Indianapolis, IN.
    What are key features of this property?
    This property features: - Freestanding building with an open kitchen restaurant.; - Located across from the University of Indianapolis.; - Includes all FF&E (furniture, fixtures, and equipment).
    (317) 418-2464
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    4022 Shelby St Indianapolis, IN 46227
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    Indianapolis, IN 46227
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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
    4022 Shelby St Indianapolis, IN 46227
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