Historic Restaurant
For Sale
Contact for pricing
Pending
634 Virginia Ave, Indianapolis, IN 46203
Sale includes a fully rehabbed historic restaurant building with FF&E and a 3-way 210 liquor license.
Property SizeContact for details
Days on Market150
Property Features for 634 Virginia Ave
General Information
Standard status
Pending
Property subtype
Retail
Additional Details
Furnished
Yes
Business Included
Yes
Road Access
Yes
Heavy Power
Yes
Liquor License
Yes
Multifamily Units
2
Building Details
Year Built
1924
Year Renovated
2013
Listing Agency:
RE/MAX Advanced Realty
Listed By:
Keith Turnbill · License #IN
(317) 298-0961
Source:
Crexi
Added: Apr 11
Changed: Sep 4
Last Checked: Sep 6 at 11:11PM
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 RE/MAX Advanced Realty
Investment Insights
Based on property information with market context.
This sale includes the real estate and an existing, profitable restaurant business, along with furniture, fixtures, and equipment, plus a 3-way 210 liquor license. The property also includes an existing lease on additional space within the building and two apartments.
Built in 1924 and previously the Virginia Avenue State Bank, the building sits directly on Virginia Avenue in Fletcher Place and is part of the Fletcher Place Historic District. The structure was completely rehabbed in 2013, including new 3-phase electrical, plumbing, floors, walls, HVAC, new bathrooms, a new concrete basement, and a new water supply.
The improvements and configuration support continued restaurant operations as well as the included leased space and residential units.
Built in 1924 and previously the Virginia Avenue State Bank, the building sits directly on Virginia Avenue in Fletcher Place and is part of the Fletcher Place Historic District. The structure was completely rehabbed in 2013, including new 3-phase electrical, plumbing, floors, walls, HVAC, new bathrooms, a new concrete basement, and a new water supply.
The improvements and configuration support continued restaurant operations as well as the included leased space and residential units.
Key Highlights
- Historic 1924 restaurant building directly on Virginia Avenue in Fletcher Place (Fletcher Place Historic District).
- Completely rehabbed in 2013 with new 3‑phase electrical, plumbing, floors, walls, HVAC, bathrooms, and a new concrete basement.
- Includes furniture, fixtures, and equipment (FF&E) for the existing profitable restaurant.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Yes
Heavy power
Yes
Paved road access
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
1,320
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46203, IN
38,224
Population
18,057
Households
2.1
Avg Household Size
34
Median Age
26%
College-Educated
79%
High-School Grad
13.9 sq mi
ZIP Area
2,750
Density / Sq Mi
$55,375
Median Household Income
$40,620
Median Earnings
$1,022
Median Rent
$155,500
Median Home Value
Market
Vacancy Rate% for Retail in Indianapolis, IN
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Sale includes a fully rehabbed historic restaurant building with FF&E and a 3-way 210 liquor license.
Where is this conventional restaurant located?
The property is located at 634 Virginia Ave Indianapolis, IN.
What are key features of this property?
This property features: Historic 1924 restaurant building directly on Virginia Avenue in Fletcher Place (Fletcher Place Historic District).; Completely rehabbed in 2013 with new 3‑phase electrical, plumbing, floors, walls, HVAC, bathrooms, and a new concrete basement.; Includes furniture, fixtures, and equipment (FF&E) for the existing profitable restaurant.
