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Renovated Two-Level Bar Property
For Sale
Contact for pricing
Pending

2849 Shelby St, Indianapolis, IN 46203

Includes restaurant improvements, separate speakeasy operations, furnishings, fixtures, inventory, and multiple operating licenses.

Property SizeContact for details
Days on Market142

Property Features for 2849 Shelby St

General Information

Standard status Pending
Property subtype Retail
Listing Agency: Berkshire Hathway Home Services Indiana Realty
Listed By: Dave Durrett · License #IN
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 6:31PM

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 Berkshire Hathway Home Services Indiana Realty

Investment Insights

Based on property information with market context.

Located at 2849 Shelby St in Indianapolis, this two-story bar property includes restaurant space and a separate speakeasy. Recent renovations accompany the sale of the furniture, fixtures, and current inventory. The first floor provides seating for 60 indoors and 40 outdoors, while the upper-level speakeasy accommodates 60 indoors and 20 outdoors.

The building has operated as a bar since 1934 and is near the red line and Garfield Park. Operating assets include a 210 grandfathered liquor license covering beer, wine, and spirits, along with tobacco and gambling licenses. Two pull-tab machines and two new POS systems are included, with separate systems serving the bar and speakeasy. Owner transition assistance and training are available by appointment.

Key Highlights

  • Two‑level bar and restaurant property with an upper‑floor speakeasy
  • First‑floor seating for 60 indoors and 40 outdoors; speakeasy seats 60 indoors and 20 outdoors
  • 210 grandfathered liquor license covering beer, wine, and spirits

Property Analytics

Current Use

Shelby Street Tavern Bar & Pub

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Hair Salon Spa & Massage Center Skin Care Clinic

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

Location Intelligence

Trade Area within ½ mile

345
Businesses Nearby
Under-served
Demand for This Use

Demographics for 46203, IN

38,224
Population
18,057
Households
2.1
Avg Household Size
34
Median Age
26%
College-Educated
79%
High-School Grad
13.9 sq mi
ZIP Area
2,750
Density / Sq Mi
$55,375
Median Household Income
$40,620
Median Earnings
$1,022
Median Rent
$155,500
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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Similar Off Market Nearby

  • 31 Bar & Grill 3131 Shelby St, Indianapolis, IN 46227
  • Dinner Bell 2824 Shelby St, Indianapolis, IN 46203
  • Poured to Perfection 248 e southern ave, indianapolis, in 46225

Frequently Asked Questions

What type of property is this?
Bar & Pub - Includes restaurant improvements, separate speakeasy operations, furnishings, fixtures, inventory, and multiple operating licenses.
Where is this bar & pub located?
The property is located at 2849 Shelby St Indianapolis, IN.
What are key features of this property?
This property features: Two‑level bar and restaurant property with an upper‑floor speakeasy; First‑floor seating for 60 indoors and 40 outdoors; speakeasy seats 60 indoors and 20 outdoors; 210 grandfathered liquor license covering beer, wine, and spirits
More about this property
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