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Recently Renovated Freestanding Retail Building
For Lease
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4022 Shelby St, Indianapolis, IN 46227

Freestanding retail building recently renovated in 2018 with included FF&E and liquor license.

Space Size2,000 SF
Days on Market426

Property Features for 4022 Shelby St

General Information

Standard status Active
Size 2,000 SF
Property subtype RETAIL

Additional Details

Furnished Yes
Liquor License Yes

Building Details

Year Renovated 2018

Spaces For Lease

at 4022 Shelby St Contact us

4022 Shelby St

Floor
Bldg
Size
2,000 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Freestanding building for sale, situated across from The University of Indianapolis...
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Contact us
Listing Agency: Tharp Realty
Listed By: Crystal Kennard · License #RB14051298
Source: Moodyscre
Added: Jul 16, 2025 Changed: Sep 7 Last Checked: Sep 13 at 9:43AM

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.

A freestanding retail building recently renovated in 2018. The sale includes all FF&E with the property, along with the liquor license.

The property is located on the Southside of Indianapolis, situated across from The University of Indianapolis. The main campus enrolls approximately 5,600 students, including about 1,400 graduate students.

With its freestanding configuration and recent renovation, the building is positioned for retail concepts that require a liquor license, subject to applicable approvals.

Key Highlights

  • Freestanding retail building for sale across from The University of Indianapolis on Indianapolis’ Southside
  • Recently renovated in 2018
  • All FF&E stays with the property

Property Analytics

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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
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

547
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Indianapolis, IN

$18.49 /SF/Yr
Avg Asking Price
$11.71–$27.5 /SF/Yr
Price Range
8,089 SF
Avg Space Size

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Freestanding retail building recently renovated in 2018 with included FF&E and liquor license.
Where is this retail space located?
The property is located at 4022 Shelby St Indianapolis, IN.
What are key features of this property?
This property features: Freestanding retail building for sale across from The University of Indianapolis on Indianapolis’ Southside; Recently renovated in 2018; All FF&E stays with the property
(317) 418-2464 Call to check price and availability
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