Restaurant Building with
For Lease
Contact for pricing
3131 Shelby St, Indianapolis, IN 46227
Configured for food service with a bar, kitchen equipment, basement storage, and a stage for live entertainment.
Space Size3,732 SF
Days on Market127
Property Features for 3131 Shelby St
General Information
Standard status
Active
Size
3,732 SF
Class
C
Total Parking Spaces
30
Property subtype
Retail
Zoning
MU-1
Lease Type
Modified Gross
Restaurant
Commercial Hood
Yes
Patio
Yes
Equipment Included
Yes
Additional Details
Highway Access
Yes
Amenities
stage for live entertainment
additional basement storage
Building Details
Building Size
3,732 SF
Tenancy
Single
Spaces For Lease
at 3131 Shelby St Contact us- Size
- 3,732 SF
- Type
- Retail
- Lease Type
- Modified Gross
- Availability
- Active
Whole Building $12.86/SF/Yr
Listing Agency:
KW Commercial Indy Metro South
(317) 882-5900
Listed By:
Shelly Johnson · License #IN RB14043056
Source:
Crexi
Added: Apr 27
Changed: Aug 30
Last Checked: May 8 at 7:39AM
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 KW Commercial Indy Metro South
Investment Insights
Based on property information with market context.
This restaurant building, constructed in 1950, provides over 3,000 square feet across the main level and basement storage area. The interior includes a bar, men’s and women’s restrooms, and a commercial kitchen fitted with a hood, prep stations, grill, fryer, handwashing sink, and 3-bay sink. A 3-drawer cooler and additional 3-bay sink support the bar area. The property also includes a small patio and an exterior stage for live entertainment.
The building is located at 3131 Shelby St in Indianapolis, within a corridor described as having high visibility and steady traffic. Greenwood Park Mall and the University of Indianapolis are identified as nearby destinations, with access to major roads and highways. MU-1 zoning, 30+ parking spaces, a modified gross lease structure, and included equipment provide additional operating details. Equipment is included without warranty.
The building is located at 3131 Shelby St in Indianapolis, within a corridor described as having high visibility and steady traffic. Greenwood Park Mall and the University of Indianapolis are identified as nearby destinations, with access to major roads and highways. MU-1 zoning, 30+ parking spaces, a modified gross lease structure, and included equipment provide additional operating details. Equipment is included without warranty.
Key Highlights
- Over 3,000 SF with additional basement storage
- Commercial kitchen with hood, prep stations, grill, fryer, and sinks
- Bar area includes a 3‑drawer cooler and 3‑bay sink
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Commercial hood
Modified Gross
Lease Type
Location Intelligence
Trade Area within ½ mile
512
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Configured for food service with a bar, kitchen equipment, basement storage, and a stage for live entertainment.
Where is this conventional restaurant located?
The property is located at 3131 Shelby St Indianapolis, IN.
What is the lease rate?
The lease rate is $12.86 SF/Yr.
What are key features of this property?
This property features: Over 3,000 SF with additional basement storage; Commercial kitchen with hood, prep stations, grill, fryer, and sinks; Bar area includes a 3‑drawer cooler and 3‑bay sink
