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Restaurant/Bar Opportunity with Parking

501 N College Ave, Indianapolis, IN

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For Sale

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Restaurant/bar with parking, kitchen, and full-service bars.

Type:RETAIL

Property size:

7,569 SF

Lot size:

0.07 Acres

HighLights

Full‑service bar downstairs and upstairs
Kitchen space with a hood and walk‑in cooler
Parking lot availability
Located between Lockerbie and Chatham‑Arch neighborhoods
Easy interstate access including I‑65, I‑70, and I‑465
Building elevator services 1st - 3rd floors

We can help!

Listing Contact

Crystal Kennard

For Sale

Contact for pricing

Restaurant/bar with parking, kitchen, and full-service bars.

Type:RETAIL

Property size:

7,569 SF

Lot size:

0.07 Acres

Added:: Apr 1, 2025
Days on Market:: 439
Last Refresh:: May 20 at 9:03 pm

Property Features for 501 N College Ave

General Information

Standard status: Active
Size: 7,569 SF
Lot size: 0.07 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Crystal Kennard

Listing agent Crystal Kennard License #RB14051298

Listing office Tharp Realty

Listing date Apr 1, 2025

Source Moodyscre

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

HighLights

Full‑service bar downstairs and upstairs
Kitchen space with a hood and walk‑in cooler
Parking lot availability
Located between Lockerbie and Chatham‑Arch neighborhoods
Easy interstate access including I‑65, I‑70, and I‑465
Building elevator services 1st - 3rd floors

Overview

This property, suitable for bars, restaurants, or retail, features a kitchen space equipped with a hood and walk-in cooler. It includes a full-service bar on both the downstairs and upstairs levels. A parking lot is available. The building is serviced by an elevator providing access to the first through third floors. The property also includes an unfinished basement and third floor. Located between the Lockerbie and Chatham-Arch neighborhoods, it offers convenient access to interstates I-65, I-70, and I-465. The property, with a size of 7569 square feet, can be converted to mixed-use with appropriate approvals.

Property Profile Location Intelligence

Current Use by Public Records

BlankUS Luxury Lounge Restaurant

Suggested Use

Similar Places Nearby

Rabbit Hole — 47 S Meridian St, Indianapolis, IN 46204
Georgia Street Rhythm and Blues — 28 W Georgia St, Indianapolis, IN 46204
Pivot Bar and Balcony — 130 S Pennsylvania St, Indianapolis, IN 46204
Gallery Bistro & Bar — 110 S Pennsylvania St Suite B, Indianapolis, IN 46204
The District Tap — 141 S Meridian St, Indianapolis, IN 46225

Location Insight

Map
Local Demand

City: Indianapolis
County: Hamilton
State: Indiana
Longitude: -86.1451
Latitude: 39.7741

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For sale
Bars & Pubs
IN
Indianapolis
501 N College Ave

What type of property is this?

Bar & Pub - Restaurant/bar with parking, kitchen, and full-service bars.

Where is this bar & pub located?

The property is located at 501 N College Ave Indianapolis, IN.

What are key features of this property?

This property features: Full‑service bar downstairs and upstairs; Kitchen space with a hood and walk‑in cooler; Parking lot availability

501 N College Ave, Indianapolis, IN

Restaurant/bar with parking, kitchen, and full-service bars.

Property Features for 501 N College Ave

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Restaurant/QSR With Drive-Thru Potential

Value-Add Commercial Opportunity in Indianapolis

Hard-Corner Retail/Office Building

Freestanding Office Building on Shadeland

Freestanding Office Building on Shadeland

Flexible Office Building with Detached Garage

Renovated Office Flex Complex

Heavy Industrial Dock-High Warehouse

Corner Two-Tenant Retail and Auto Site

Multi-Office Building with Private Parking

Auto Shop with Paint Booth

Keystone Avenue Redevelopment Opportunity

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