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Freestanding Restaurant Building
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6243 W Washington St, Indianapolis, IN 46241

Former restaurant property along W Washington St with proximity to Indianapolis International Airport.

Property Size3,138 SF
Lot Size0.81 Acres
Days on Market6

Property Features for 6243 W Washington St

General Information

Standard status Active
Size 3,138 SF
Lot size 0.81 Acres
Property subtype RETAIL

Additional Details

Traffic Count 41,168 vehicles/day

Building Details

Buildings 1
Listing Agency: CBRE | Indianapolis
Listed By: Kevin Broderick · License #RB14046136
Source: Moodyscre
Added: Aug 6 Changed: Aug 9 Last Checked: Aug 11 at 9:04AM

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 CBRE | Indianapolis

Investment Insights

Based on property information with market context.

The property includes a 3,138-square-foot building on 0.81 acres. Formerly occupied by Steak’n Shake, the site is positioned for restaurant backfill or redevelopment along W Washington St.

The corridor records daily traffic of 41,168 vehicles and places the property only minutes from Indianapolis International Airport. Its existing restaurant-oriented building and commercial corridor setting support consideration for continued restaurant use or a redevelopment plan.

Key Highlights

  • 3,138 SF building on 0.81 acres
  • Former Steak’n Shake restaurant location
  • Daily traffic volume of 41,168 vehicles

Property Analytics

Current Use

Steak 'n Shake Restaurant

Suggested Use

Top Pick Law Firm Skin Care Clinic HVAC Service Electrical Service Gym & Fitness Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

41,168 VPD
Traffic count

Location Intelligence

Trade Area within ½ mile

390
Businesses Nearby
Under-served
Demand for This Use

Demographics for 46241, IN

33,568
Population
12,414
Households
2.7
Avg Household Size
33
Median Age
15%
College-Educated
73%
High-School Grad
23.9 sq mi
ZIP Area
1,405
Density / Sq Mi
$51,598
Median Household Income
$33,477
Median Earnings
$1,118
Median Rent
$111,500
Median Home Value

Market

Vacancy Rate% for Retail in Indianapolis, IN

6.6% 2019
7.4% 2020
6.4% 2021
5% 2022
4.7% 2023
4.6% 2024
4.8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Former restaurant property along W Washington St with proximity to Indianapolis International Airport.
Where is this conventional restaurant located?
The property is located at 6243 W Washington St Indianapolis, IN.
What are key features of this property?
This property features: 3,138 SF building on 0.81 acres; Former Steak’n Shake restaurant location; Daily traffic volume of 41,168 vehicles
(317) 269-1000 Call to check price and availability
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