Restaurant Space with Bar
For Lease
$2,600/Mo
5111 E 21st Street, Indianapolis, IN 46218
Restaurant premises near a major highway exit with parking and existing bar-related improvements.
Space SizeContact for details
Property Size3,170 SF
Days on Market194
Property Features for 5111 E 21st Street
General Information
Standard status
Active
Size
3,170 SF
Property subtype
Retail
Space & Availability
Space Use
Restaurant
Available From
Immediate
Site & Location
Neighborhood
Eastside
Highway Access
Yes
Additional Details
Equipment Included
Yes
Building Details
Building Size
3,170 SF
Listing Agency:
eXp Realty, LLC
Listed By:
Barinder Singh · License #RB22001604
(812) 734-6048
Source:
Estansiongroup
Added: Apr 17
Changed: Oct 27
Last Checked: Oct 26 at 8:17AM
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 eXp Realty, LLC
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Investment Insights
Based on property information with market context.
Restaurant premises at 5111 E 21st St with existing bar components and related infrastructure remaining in place. The space is offered as-is for redevelopment, and electric and water service are currently turned off. Approximate dimensions are provided, with tenants responsible for their own due diligence.
The property sits just off a major highway exit and includes ample parking. Its prior restaurant use and remaining bar setup provide a starting point for a new restaurant or bar concept, subject to renovation and tenant verification of site conditions.
The property sits just off a major highway exit and includes ample parking. Its prior restaurant use and remaining bar setup provide a starting point for a new restaurant or bar concept, subject to renovation and tenant verification of site conditions.
Key Highlights
- 3,170 property size at 5111 E 21st St, Indianapolis, IN 46218
- Existing bar setup and infrastructure remain in place
- Ample parking near a major highway exit
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
NNN (Triple Net)
Lease Type
$1.48 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
495
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46218, IN
30,400
Population
15,343
Households
2
Avg Household Size
36
Median Age
11%
College-Educated
80%
High-School Grad
9.5 sq mi
ZIP Area
3,200
Density / Sq Mi
$34,635
Median Household Income
$29,745
Median Earnings
$1,056
Median Rent
$90,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Indianapolis, IN
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant premises near a major highway exit with parking and existing bar-related improvements.
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: 3,170 property size at 5111 E 21st St, Indianapolis, IN 46218; Existing bar setup and infrastructure remain in place; Ample parking near a major highway exit
