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    42 W South St Indianapolis, IN 46204

    For Sale
    Contact for pricing

    Two-story restaurant/retail building near Lucas Oil Stadium.

    Property size:
    10,944 SF
    Lot size:
    0.19 Acres

    Property Features for 42 W South St

    General Information

    Size
    10,944 SF
    Lot size
    0.19 Acres

    Source: CBRE | Indianapolis Agent Steve Delaney

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

    Overview

    Downtown Restaurant/Retail Opportunity

    This two-story building offers 10,944 square feet of space, including 8,352 square feet on the first floor, plus a basement. The building features a modern design and high visibility with street presence on two floors. It includes a rooftop deck and basement office and work areas. The property is equipped with a full kitchen, bar, and restaurant seating areas. Located at Illinois & South Street in Downtown's South End, the building is near Lucas Oil Stadium, home of the Indianapolis Colts, which hosts over 125 events annually, including multiple-day events like the NFL Combine.
    Location Intelligence

    Current Use by Public Records

    Chef JJ's Downtown Restaurant Chef JJ's Public ... Restaurant Bike Parking Bicycle Rack

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store

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

    Similar Places Nearby

    Centerplate, Sushi Den, Encore Catering, Abundance Catering LLC, The Crane Bay Event Center

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.1596436
    Latitude
    39.7617245

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    FAQs

    What type of property is this?
    Restaurant - Two-story restaurant/retail building near Lucas Oil Stadium.
    Where is this restaurant located?
    The property is located at 42 W South St Indianapolis, IN.
    What are key features of this property?
    This property features: - Fully equipped kitchen, bar & restaurant seating areas.; - 10,944 SF on 2 Floors plus a Basement; **8,352 SF on the First Floor.**; - Rooftop deck and basement office and work areas.
    (317) 269-1000
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    42 W South St Indianapolis, IN 46204
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    Indianapolis, IN 46204
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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
    42 W South St Indianapolis, IN 46204
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