5111 E 21st Street, Indianapolis, IN 46218

Listing agent Barinder Singh License #RB22001604 Show Phone

Listing office eXp Realty, LLC v***@gmail.com Counselors Row Ste 200 9465, IN Show Phone

Listing date Apr 17, 2026

Report an issue

MLS# 22096142

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.

---

Overview

This restaurant space includes an existing bar setup and related infrastructure, which can help reduce initial build-out time for a compatible concept. The property is being offered as-is for redevelopment. Utilities including electric and water are currently off, and the dimensions provided are approximate for tenant due diligence.

Located at 5111 E 21st Street in Indianapolis, the space is described as high-visibility and positioned just off a major highway exit. The listing also notes ample parking to support restaurant and bar operations.

The configuration and remaining bar components may suit operators looking to refresh and reposition a restaurant or bar use, subject to approvals and redevelopment plans. The owner is offering incentives of up to 5 months of free rent for qualified tenants ready to renovate and update the space.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Indianapolis

County

Hamilton

State

Indiana

Longitude

-86.082736

Latitude

39.795956

Nearby Similar for Lease

• 

  $4,000/Mo

  Restaurant and Bar Space with Patio

  Restaurant and bar buildout includes kitchen equipment, restrooms, and basement storage with a small patio and stage.

  3131 Shelby Street, Indianapolis, IN 46227

  View Details
• 

  $2,135/Mo

  Office Suite with Extensive Frontage

  2329 SF office suite with a lobby, reception, and flexible workspace layout in a C-4 professional setting.

  336 Washington Pointe Drive, Indianapolis, IN 46229

  View Details
• 

  $1,500/Mo

  Historic Retail/Office Lease Space

  Historic commercial building with updated infrastructure and flexible layouts, positioned directly across from Long's Bakery.

  2308 E Southport Road, Indianapolis, IN 46227

  View Details
• 

  $700/Mo

  1,300 SF

  Private Office Suite

  Private office space with basic utilities included, offering a quiet, functional option for small teams and independent professionals.

  8001 S Meridian Street, Indianapolis, IN 46217

  View Details
• 

  $19 SF/Yr

  Flexible Office and Medical Suites

  Lease adaptable office suites in a well maintained setting with established medical and professional tenants.

  3834 S Emerson Avenue, Indianapolis, IN 46203

  View Details
• 

  $1,250/Mo

  Furnished Office Suite with Private Offices

  Furnished suite with three private offices, large reception, and internal washroom; ample parking and ready now.

  6302 Rucker Road, Indianapolis, IN 46220

  View Details
• 

  $2,000/Mo

  Retail Suite with Back Office

  Available retail suite with open sales area plus back office, storage, and restroom for a neighborhood customer base.

  7019 Madison Avenue, Indianapolis, IN 46227

  View Details
• 

  $4,000/Mo

  Highly Visible Retail/Commercial Space

  Large retail-ready space with ample parking on a busy corridor, suitable for a range of C-4 uses.

  1107 N Arlington Avenue, Indianapolis, IN 46219

  View Details
• 

  $6,900/Mo

  Flexible Office and Education Facility

  A flexible building suited for office, educational, nonprofit, and religious uses, with fenced outdoor space and a detached garage.

  2131 E 54th Street, Indianapolis, IN 46220

  View Details
• 

  $1,700/Mo

  C3 Office Space

  For-rent office units in an area zoned C3, offering a flexible commercial setting on a sizeable lot.

  5401 S East Street, Indianapolis, IN 46227

  View Details
• 

  $925/Mo

  Office Suite with Three Private Offices

  Suite offers three private offices and a private restroom with shared parking and utilities included.

  5128 E Stop 11 Road, Indianapolis, IN 46237

  View Details
• 

  $1,125/Mo

  C3 Zoned Office Space

  For-rent office space in an Indianapolis C3-zoned property on S East Street.

  5401 S East Street, Indianapolis, IN 46227

  View Details

FAQs

What type of property is this?

Conventional restaurant - Restaurant space with existing bar setup and infrastructure, offered as-is for redevelopment with utilities currently off.

Where is this conventional restaurant located?

The property is located at 5111 E 21st Street Indianapolis, IN.

What is the lease rate?

The lease rate is $2,600 /Mo.

What are key features of this property?

This property features: Restaurant/bar space with existing bar setup and infrastructure remaining in place; High‑visibility location just off a major highway exit; Ample on‑site parking for patrons