Ground-Floor Restaurant & Retail
For Sale
Contact for pricing
211 North Pennsylvania Street, Indianapolis, IN 46204
Ground-floor restaurant and retail space with an outdoor dining terrace in a high-rise tower with valet and garage access.
Property Size658,600 SF
Days on Market49
Property Features for 211 North Pennsylvania Street
General Information
Standard status
Active
Size
658,600 SF
Property subtype
Retail
Building Details
Building Size
658,600 SF
Properties For Sale
at 211 North Pennsylvania Street Contact us- Size
- 5,209 SF
- Type
- Street Retail
- Term
- Negotiable
Corner Retail
- Size
- 2,518 SF
- Type
- Street Retail
- Term
- Negotiable
In-Line Retail
- Size
- 1,428 SF
- Type
- Street Retail
- Term
- Negotiable
In-line 3
- Size
- 2,557 SF
- Type
- Street Retail
- Term
- Negotiable
In-line Retail 2
Listing Agency:
ALO Property Group
(317) 698-8446
Listed By:
Gary Perel
(317) 698-8446
Source:
Alopg
Added: Jun 25
Changed: Aug 8
Last Checked: Aug 11 at 6:16AM
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 ALO Property Group
Investment Insights
Based on property information with market context.
Located at 211 North Pennsylvania Street in Indianapolis, this up to 11,712 SF premier ground-floor space is offered within a 685,600+ SF high-rise tower. The offering includes a 5,000+ SF outdoor dining terrace with upscale seating under an elevated colonnade. The property also features an upgraded Regions Tower lobby with modern finishes, designed to support high-traffic visibility for both guests and patrons.
The building provides convenient access to two valet parking areas, with an adjacent 1,100+ space garage available to support customer parking needs. This combination of lobby presence and nearby parking access is geared toward operators who want a street-level experience integrated with a larger, active tower environment.
The configuration suits a conventional restaurant concept that can take advantage of indoor ground-floor space and a substantial outdoor dining component. It also fits restaurant-adjacent retail strategies within an entertainment and retail destination setting. For tenants and investors evaluating hospitality or restaurant-oriented use, the outdoor terrace size and the building’s upgraded lobby presence are key practical considerations when planning operations and guest flow.
The building provides convenient access to two valet parking areas, with an adjacent 1,100+ space garage available to support customer parking needs. This combination of lobby presence and nearby parking access is geared toward operators who want a street-level experience integrated with a larger, active tower environment.
The configuration suits a conventional restaurant concept that can take advantage of indoor ground-floor space and a substantial outdoor dining component. It also fits restaurant-adjacent retail strategies within an entertainment and retail destination setting. For tenants and investors evaluating hospitality or restaurant-oriented use, the outdoor terrace size and the building’s upgraded lobby presence are key practical considerations when planning operations and guest flow.
Key Highlights
- Up to 11,712 SF ground‑floor restaurant and retail space in a 685,600+ SF high‑rise tower
- Includes a 5,000± SF outdoor dining terrace with upscale seating under an elevated colonnade
- Upgraded Regions Tower lobby with modern finishes and high‑traffic visibility
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,189
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46204, IN
9,086
Population
6,582
Households
1.4
Avg Household Size
31
Median Age
61%
College-Educated
90%
High-School Grad
1.1 sq mi
ZIP Area
8,260
Density / Sq Mi
$88,081
Median Household Income
$69,226
Median Earnings
$1,686
Median Rent
$350,400
Median Home Value
Market
Vacancy Rate% for Retail in Indianapolis, IN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Ground-floor restaurant and retail space with an outdoor dining terrace in a high-rise tower with valet and garage access.
Where is this conventional restaurant located?
The property is located at 211 North Pennsylvania Street Indianapolis, IN.
What are key features of this property?
This property features: Up to 11,712 SF ground‑floor restaurant and retail space in a 685,600+ SF high‑rise tower; Includes a 5,000± SF outdoor dining terrace with upscale seating under an elevated colonnade; Upgraded Regions Tower lobby with modern finishes and high‑traffic visibility
