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Restaurant Ready Commercial Spot
For Sale
$199,900

720 E 38th St, Indianapolis, IN 46205

High-visibility commercial spot, turnkey-ready with ample parking.

Property SizeContact for details
Lot Size0.26 Acres
Days on Market84

Property Features for 720 E 38th St

General Information

Standard status Active
Lot size 0.26 Acres
Listing Agency: F.C. Tucker Company
Listed By: Maher Batarseh
Source: Exprealty
Added: May 14 Changed: Jul 10 Last Checked: Jul 31 at 11:54AM

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 F.C. Tucker Company

Investment Insights

Based on property information with market context.

This commercial property, formerly a restaurant, is located in a high-visibility area. The property is equipped with a functional hood, a walk-in cooler, and a spacious kitchen. The layout includes a dedicated dining area and two restrooms. Situated on a 0.26-acre lot, the property provides ample off-street parking. This property is suitable for a new eatery or retail concept seeking maximum exposure.

Key Highlights

  • Prime high‑visibility location on 38th St.
  • Turnkey‑ready former restaurant with functional hood, walk‑in cooler, and spacious kitchen.
  • Ample off‑street parking on a 0.26‑acre lot.

Property Analytics

Current Use

Taqueria La Chela Restaurant

Suggested Use

Top Pick Building Supply Restaurant Real Estate Agency Pharmacy HVAC Service Gym & Fitness Center

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

Location Intelligence

Trade Area within ½ mile

556
Businesses Nearby
Under-served
Demand for This Use

Demographics for 46205, IN

27,531
Population
14,756
Households
1.9
Avg Household Size
34
Median Age
51%
College-Educated
93%
High-School Grad
6.2 sq mi
ZIP Area
4,440
Density / Sq Mi
$65,756
Median Household Income
$48,138
Median Earnings
$1,087
Median Rent
$278,000
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
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - High-visibility commercial spot, turnkey-ready with ample parking.
Where is this conventional restaurant located?
The property is located at 720 E 38th St Indianapolis, IN.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Prime high‑visibility location on 38th St.; Turnkey‑ready former restaurant with functional hood, walk‑in cooler, and spacious kitchen.; Ample off‑street parking on a 0.26‑acre lot.
More about this property
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