Restaurant and Bar Space with
3131 Shelby Street Indianapolis, IN 46227
For Lease
$3,500/Mo
COMMERCIAL - Indianapolis, IN
Property Size3,000 SF
Lot Size0.37 Acres
Days on Market94
Property Features for 3131 Shelby Street
General Information
Property type
Commercial Lease
Property subtype
Retail
Zoning
MU-1
Standard status
Active
APN
491030122001123501
Lot size
0.37 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Golden Addition L280 - L283 & W1/2 L279 Beg Nwcor L283 E 130' S 123' W 130' N 123' To Beg15990sqft 0.367Acres
Listing Agency:
Keller Williams Indy Metro Partners
(317) 882-5900
Listed By:
Shelly Johnson · License #RB14043056
(317) 882-5900
Added: Apr 27
Changed: Jul 17
Last Checked: Jul 29 at 10:06AM
MLS# 22097967
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.
Investment Insights
Based on property information with market context.
Located at 3131 Shelby Street on the southside of Indianapolis, this MU-1 zoned commercial building is well suited for a restaurant or bar concept looking to operate from an established service layout. The space includes a bar area with a 3-Drawer Cooler and 3-Bay Sink, men’s and women’s restrooms, and a full kitchen featuring a hood, prep stations, grill, fryer, and handwashing sink, along with an additional 3-Bay Sink. Additional basement storage is available, supporting back-of-house needs.
The property also features a small outdoor patio and stage that can support live entertainment. With MU-1 zoning in a high-visibility corridor described as having steady traffic, the building offers a commercially focused hospitality footprint for an operator planning to customize the space to fit their vision.
The property also features a small outdoor patio and stage that can support live entertainment. With MU-1 zoning in a high-visibility corridor described as having steady traffic, the building offers a commercially focused hospitality footprint for an operator planning to customize the space to fit their vision.
Key Highlights
- Over 3,000 SF commercial building with additional basement storage
- Restaurant/bar interior includes a bar area with 3‑drawer cooler and 3‑bay sink
- Full kitchen with hood, prep stations, grill, fryer, handwashing sink, and 3‑bay sink
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Dinner Bell — 2824 Shelby St, Indianapolis, IN 46203
- Poured to Perfection — 248 e southern ave, indianapolis, in 46225
- Silk The Showclub — 3512 Madison Ave, Indianapolis, IN 46227
- 31 Bar & Grill — 3131 Shelby St, Indianapolis, IN 46227
Frequently Asked Questions
What type of property is this?
Bar & Pub - Full kitchen with hood and fryer plus bar area; basement storage and patio with stage.
Where is this bar & pub located?
The property is located at 3131 Shelby Street Indianapolis, IN.
What is the lease rate?
The lease rate is $3,500 /Mo.
What are key features of this property?
This property features: Over 3,000 SF commercial building with additional basement storage; Restaurant/bar interior includes a bar area with 3‑drawer cooler and 3‑bay sink; Full kitchen with hood, prep stations, grill, fryer, handwashing sink, and 3‑bay sink
