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Freestanding Restaurant with FF&E
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4022 Shelby St, Indianapolis, IN 46227

Renovated restaurant property includes existing furnishings, equipment, and a liquor license.

Property Size2,000 SF
Days on Market901

Property Features for 4022 Shelby St

General Information

Standard status Active
Size 2,000 SF
Property subtype RETAIL

Restaurant

Equipment Included Yes
Liquor License Yes

Additional Details

Furnished Yes

Building Details

Year Renovated 2018
Buildings 1
Listing Agency: Tharp Realty
Listed By: Crystal Kennard · License #RB14051298
Source: Moodyscre
Added: Mar 13, 2024 Changed: Aug 30 Last Checked: Aug 30 at 1:11PM

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 Tharp Realty

Investment Insights

Based on property information with market context.

This 2,000-square-foot freestanding restaurant building houses Open Kitchen Restaurant and includes the existing furniture, fixtures, and equipment, along with a liquor license. The property was renovated in 2018 and is positioned across from the University of Indianapolis on the city’s south side.

The university’s main Indianapolis campus has 5,600 students, including approximately 1,400 graduate students. Its academic offerings include 100+ undergraduate degree programs, 40+ master’s degree programs, and five doctoral programs. Students represent 40+ U.S. states and 55+ countries.

Key Highlights

  • 2,000‑square‑foot freestanding restaurant building
  • Renovated in 2018
  • Furniture, fixtures, and equipment included

Property Analytics

Current Use

Open Kitchen Restuarant Restaurant

Suggested Use

Top Pick Real Estate Agency Electrical Service Carpet & Flooring Store Plumbing Service Law Firm Acupuncture

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

Yes
Liquor license

Location Intelligence

Trade Area within ½ mile

547
Businesses Nearby
Under-served
Demand for This Use

Demographics for 46227, IN

62,126
Population
26,411
Households
2.4
Avg Household Size
33
Median Age
21%
College-Educated
83%
High-School Grad
16.7 sq mi
ZIP Area
3,720
Density / Sq Mi
$50,993
Median Household Income
$35,591
Median Earnings
$994
Median Rent
$192,600
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
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Renovated restaurant property includes existing furnishings, equipment, and a liquor license.
Where is this conventional restaurant located?
The property is located at 4022 Shelby St Indianapolis, IN.
What are key features of this property?
This property features: 2,000‑square‑foot freestanding restaurant building; Renovated in 2018; Furniture, fixtures, and equipment included
(317) 418-2464 Call to check price and availability
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