Restaurant Space with Bar
For Lease
$2,600/Mo
5111 E 21st Street, Indianapolis, IN 46218
COMMERCIAL - Indianapolis, IN
Space SizeContact for details
Lot Size0.22 Acres
Days on Market111
Property Features for 5111 E 21st Street
General Information
Property type
Commercial Lease
Property subtype
Retail
Zoning
Commercial
Elementary school district
Indianapolis Public Schools
Middle school district
Indianapolis Public Schools
High school district
Indianapolis Public Schools
Directions
GPS Friendly
Subdivision
4905 - Marion - Warren
Standard status
Active
APN
490734117012000701
Lot size
0.22 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Green Lawns Add Pt L6 Beg Ne Cor L6 S 120Ft W79ft N 120Ft E 79Ft To Beg
Legal Description
Green Lawns Add Pt L6 Beg Ne Cor L6 S 120Ft W79ft N 120Ft E 79Ft To Beg
Listing Agency:
eXp Realty, LLC
(888) 611-3912
Listed By:
Barinder Singh · License #RB22001604
(812) 734-6048
Added: Apr 17
Changed: Aug 4
Last Checked: Aug 5 at 1:06AM
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.
Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- 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
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
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
Market
Vacancy Rate% for Retail in Indianapolis, IN
Questions? Ask Rey
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Frequently Asked Questions
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
