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Restaurant Space Near Convention Center
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121 West Maryland Street, Indianapolis, IN 46225

2,830 SF former restaurant space with outdoor seating area.

Space SizeContact for details
Days on Market164

Property Features for 121 West Maryland Street

General Information

Standard status Active
Property subtype Retail
Listing Agency: CBRE | Indianapolis
Listed By: Steve Delaney
Source: Cbre
Added: Mar 25 Changed: Sep 2 Last Checked: Sep 4 at 4:27AM

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 CBRE | Indianapolis

Investment Insights

Based on property information with market context.

This is a 2,830 square foot former restaurant space that includes an outdoor seating area. It is located half a block from the entrance to the Convention Center, which is undergoing expansion to over 900,000 square feet by 2025 and attracts over 1 million visitors annually. The property is also located half a block from Circle Center Mall, which is currently undergoing a $650 million redevelopment. Current tenants in the area include Social Cantina, Tom’s Watch Bar, Steak N Shake, and Dick’s Last Resort. The property is suitable for restaurant use.

Key Highlights

  • Prime location: Half block from the Convention Center entrance (over 1 Million annual visitors).
  • Half block from Circle Center Mall, undergoing a $650 Million redevelopment.
  • 2,830 SF former restaurant space with outdoor seating.

Property Analytics

Current Use

Tims Same Day ... (Bike/Boat/Book/etc) Store Amanda Credit Repair ... Financial Advisor Chicken Scratch Restaurant

Suggested Use

Top Pick HVAC Service Electrical Service Storage Facility Discount Store Carpet & Flooring Store (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

6,413
Businesses Nearby
Well-served
Demand for This Use

Demographics for 46225, IN

6,503
Population
3,056
Households
2.1
Avg Household Size
35
Median Age
29%
College-Educated
81%
High-School Grad
4.0 sq mi
ZIP Area
1,626
Density / Sq Mi
$47,917
Median Household Income
$36,132
Median Earnings
$1,104
Median Rent
$123,600
Median Home Value

Market

Vacancy Rate% for Retail in Indianapolis, IN

6.6% 2019
7.4% 2020
6.4% 2021
5% 2022
4.7% 2023
4.6% 2024
4.8% 2025
Rey
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Similar Off Market Nearby

  • Centerplate 100 S Capitol Ave, Indianapolis, IN 46225
  • Sushi Den 233 S Delaware St, Indianapolis, IN 46204
  • Encore Catering 140 W Washington St, Indianapolis, IN 46204
  • Abundance Catering LLC Indianapolis, IN 46204
  • Dick's Bodacious Bar-B-Q 50 N Pennsylvania St, Indianapolis, IN 46204

Frequently Asked Questions

What type of property is this?
Restaurant - 2,830 SF former restaurant space with outdoor seating area.
Where is this restaurant located?
The property is located at 121 West Maryland Street Indianapolis, IN.
What are key features of this property?
This property features: Prime location: Half block from the Convention Center entrance (over 1 Million annual visitors).; Half block from Circle Center Mall, undergoing a $650 Million redevelopment.; 2,830 SF former restaurant space with outdoor seating.
More about this property
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