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    501 N College Ave Indianapolis, IN 46202

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    For Sale
    Contact for pricing

    Restaurant/bar with parking, kitchen, and full-service bars.

    Property size:
    7,569 SF
    Lot size:
    0.07 Acres

    Property Features for 501 N College Ave

    General Information

    Size
    7,569 SF
    Lot size
    0.07 Acres

    Source: Tharp Realty Agent Crystal Kennard

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

    Overview

    Restaurant/Bar Opportunity with Parking

    This property, suitable for bars, restaurants, or retail, features a kitchen space equipped with a hood and walk-in cooler. It includes a full-service bar on both the downstairs and upstairs levels. A parking lot is available. The building is serviced by an elevator providing access to the first through third floors. The property also includes an unfinished basement and third floor. Located between the Lockerbie and Chatham-Arch neighborhoods, it offers convenient access to interstates I-65, I-70, and I-465. The property, with a size of 7569 square feet, can be converted to mixed-use with appropriate approvals.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    BlankUS Luxury Lounge Restaurant

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop

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

    Similar Places Nearby

    Rabbit Hole, Georgia Street Rhythm and Blues, Pivot Bar and Balcony, Gallery Bistro & Bar, The District Tap

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.145143
    Latitude
    39.774147

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    FAQs

    What type of property is this?
    Bar - Restaurant/bar with parking, kitchen, and full-service bars.
    Where is this bar located?
    The property is located at 501 N College Ave Indianapolis, IN.
    What are key features of this property?
    This property features: - Full-service bar downstairs and upstairs; - Kitchen space with a hood and walk-in cooler; - Parking lot availability
    (317) 418-2464
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    501 N College Ave Indianapolis, IN 46202
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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
    501 N College Ave Indianapolis, IN 46202
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