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For sale
Conventional restaurants
IN
Indianapolis
46220
5527 N Keystone Avenue

Restaurant/QSR With Drive-Thru Potential

5527 N Keystone Avenue Indianapolis, IN 46220

For Sale

$685,000

SINGLE_FAMILY - Indianapolis, IN

Type:Retail

Property size:

1,795 SF

Lot size:

0.30 Acres

Price / SF:

$381/SF

For Sale

$685,000

SINGLE_FAMILY - Indianapolis, IN

Type:Retail

Property size:

1,795 SF

Lot size:

0.30 Acres

Price / SF:

$381/SF

Added:: May 27, 2026
Days on Market:: 47
Last Refresh:: Jul 11 at 11:06 pm

Property Features for 5527 N Keystone Avenue

General Information

Property type: Residential
Property subtype: Retail
Zoning: Retail
Standard status: Active
APN: 490708103006000801
Lot size: 0.30 Acres

Taxes and HOA fees

Tax Year: 2024
Tax Description: Andrew F Fromholds Sub B7 Pt L2 & L3 Beg Se Corl3; W155' N83' E155' S83' To Beg

Building Details

Year built: 1960
Floors in Building: 1

Listing agent Glenn Bill License #RB14015601

Listing office eXp Realty, LLC Guilford Ave Ste 203 6325, Greenwood, IN

Listing date May 27, 2026

MLS# 22103728

Investment Insights

Based on property information with market context.

This restaurant/QSR opportunity is currently configured for food service, with approximately 1,795 square feet of restaurant-ready space. The site is the former home of a long-standing local donut concept and includes existing restaurant infrastructure plus a flexible layout intended to support quick-service formats. Recent improvements include a new roof in 2023, new parking lot in 2023, new RTU in 2024, an interior buildout in 2023, and a new dumpster enclosure in 2025, along with prominent site signage and dedicated parking.

Located along a heavily traveled northside retail corridor on N Keystone Avenue near 56th Street, the property benefits from signalized access and exceptional visibility. It sits between Subway and Wendy’s and directly across from the Meijer Supercenter, placing the site in front of consistent retail traffic.

The existing configuration and restaurant infrastructure make the property well suited for operators looking to open efficiently, including quick-service, fast casual, coffee/dessert, beverage, and similar menu concepts. Drive-thru adaptability is referenced as a potential option for the site. The property is offered for sale with a current tenant in place under a 10-year lease.

Key Highlights

High‑exposure restaurant/QSR site at 5527 N Keystone Avenue on a signalized retail corridor near 56th Street
Formerly a donut concept; currently configured for restaurant use with existing restaurant infrastructure
Approximately 1,795 SF restaurant‑ready building with a flexible layout for quick‑service/fast casual concepts

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Conventional restaurants

Suggested Use

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For sale
Conventional restaurants
IN
Indianapolis
46220
5527 N Keystone Avenue

What type of property is this?

Conventional restaurant - Restaurant-ready space with recent upgrades, signalized access, and prominent visibility along a major northside retail corridor.

Where is this conventional restaurant located?

The property is located at 5527 N Keystone Avenue Indianapolis, IN.

What is the asking price?

The asking price for this property is $685,000.

What are key features of this property?

This property features: High‑exposure restaurant/QSR site at 5527 N Keystone Avenue on a signalized retail corridor near 56th Street; Formerly a donut concept; currently configured for restaurant use with existing restaurant infrastructure; Approximately 1,795 SF restaurant‑ready building with a flexible layout for quick‑service/fast casual concepts

5527 N Keystone Avenue Indianapolis, IN 46220

SINGLE_FAMILY - Indianapolis, IN

Property Features for 5527 N Keystone Avenue

General Information

Taxes and HOA fees

Building Details

Investment Insights

Key Highlights

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Office Building with 120-Foot Frontage

Hard-Corner Retail/Office Building

Elevator-Served Mixed-Use Building

Flexible Office Building with Detached Garage

Renovated Office Flex Complex

Industrial Flex with Multiple Overhead Doors

Corner Two-Tenant Retail and Auto Site

Multi-Office Building with Private Parking

Two-Level Office Building with Conference Rooms

Auto Shop with Paint Booth

Four-Unit Retail Value-Add Property

Freestanding Single-Story Office Building

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