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Downtown Restaurant with Rooftop Patio
For Lease
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42 W South St, Indianapolis, IN 46225

Three-story restaurant space with a built-in kitchen and rooftop patio for indoor/outdoor hospitality flow.

Space Size11,864 SF
Days on Market95

Property Features for 42 W South St

General Information

Standard status Active
Size 11,864 SF
Net Rentable 11,864 SF
Property subtype RETAIL

Space & Availability

Available Space 11,864 SF
Contiguous Space 11,864 SF

Additional Details

Patio Yes

Building Details

Stories 3
Building Size 11,864 SF

Spaces For Lease

at 42 W South St Contact us

42 W South St

Floor
Bldg
Size
11,864 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Prime Opportunity for Business Looking for a Strong Footprint in Downtown Indianapolis -...
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Listing Agency: Midland Atlantic Indianapolis Office
Listed By: Shawn Heffern
Source: Moodyscre
Added: Jun 11 Changed: Aug 16 Last Checked: Sep 13 at 9:38AM

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 Midland Atlantic Indianapolis Office

Investment Insights

Based on property information with market context.

Located at 42 W South St in downtown Indianapolis, this 3-story restaurant space totals 11,864 square feet, with an additional 720-square-foot rooftop patio. The property offers a flexible interior layout that can support dining, events, or office use, along with indoor/outdoor hospitality flow tied to patio and rooftop areas.

The space includes fully built commercial kitchen and bar infrastructure in place. The building was recently redeveloped down to the studs, presenting a fresh interior suitable for an operator seeking a turnkey starting point.

Walkable access to nearby hotels, dining, nightlife, and downtown amenities further supports hospitality use and day-to-night operations.

Key Highlights

  • 11,864 SF across 3 stories plus a 720 SF rooftop patio
  • Fully built commercial kitchen and bar infrastructure in place
  • Flexible layout for dining, event, or office space

Property Analytics

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Current Use

Chef JJ's Downtown Restaurant Chef JJ's Public ... Restaurant Bike Parking Bicycle Rack

Suggested Use

Top Pick HVAC Service Kitchen & Bath Showroom Electrical Service Storage Facility Veterinary Clinic Discount Store

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

5,346
Businesses Nearby
Balanced
Demand for This Use

Demographics for 46225, IN

6,503
Population
3,056
Households
2.1
Avg Household Size
35
Median Age
29%
College-Educated
81%
High-School Grad
4.0 sq mi
ZIP Area
1,626
Density / Sq Mi
$47,917
Median Household Income
$36,132
Median Earnings
$1,104
Median Rent
$123,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Three-story restaurant space with a built-in kitchen and rooftop patio for indoor/outdoor hospitality flow.
Where is this conventional restaurant located?
The property is located at 42 W South St Indianapolis, IN.
What are key features of this property?
This property features: 11,864 SF across 3 stories plus a 720 SF rooftop patio; Fully built commercial kitchen and bar infrastructure in place; Flexible layout for dining, event, or office space
(317) 597-1715 Call to check price and availability
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