2023 Southeastern Avenue, Indianapolis, IN 46201
SINGLE_FAMILY - Indianapolis, IN
- Added:
- Jun 5, 2024
- Days on Market:
- 739
- Last Refresh:
- Jun 13 at 6:06 pm
Property Features for 2023 Southeastern Avenue
General Information
- Property type
- Residential
- Property subtype
- Retail
- Zoning
- C1
- Standard status
- Active
- APN
- 491007205204000101
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- State Square Add L176
Utilities
- Utilities
- Cable Available
- Cooling system
- Separate Meters
Building Details
- Year built
- 1920
- Floors in Building
- 1
Listing agent Shelly Johnson License #RB14043056 (317) 882-5900
Listing office Keller Williams Indy Metro S N Emerson Ave Ste 300 48, Greenwood, IN (317) 882-5900
Listing date Jun 5, 2024
Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Completely renovated in 2023 2,500 SF turn‑key restaurant building
- Includes restaurant kitchen equipment: hood, fryers, prep station, grill, and walk‑in cooler
- Business items included: tables and chairs, plus a 3‑way liquor license
- Located in downtown Indianapolis, less than 1 mile from the new Justice center
- Separate meters for cooling; cable available
- On‑site parking for 15+ vehicles with additional street parking nearby
Overview
The property is located in downtown Indianapolis at 2023 Southeastern Avenue, listed under C1 zoning. The seller notes the site is less than 1 mile from the new Justice center. Parking on site is listed as 15+ spaces, with additional street parking nearby.
For operators or buyers looking for a ready-to-run foodservice concept, the combination of renovated interior and the included kitchen equipment supports immediate use. The presence of the liquor license can also streamline licensure for a properly structured hospitality business, while on-site parking helps accommodate customers visiting the restaurant.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.0k | $18.00 |
| − Vacancy | −$3.4k | −$1.35 |
| EGI | $41.6k | $16.65 |
| − OpEx | −$10.4k | −$4.16 |
| NOI | $31.2k | $12.49 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Hamilton
- State
- Indiana
- Longitude
- -86.126669
- Latitude
- 39.762588
