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Former Restaurant Space Available
For Lease
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7940 US 31 S, Indianapolis, IN 46227

4,916 SF restaurant space on 1.40 acres for lease.

Space Size4,916 SF
Lot Size1.40 Acres
Days on Market157

Property Features for 7940 US 31 S

General Information

Standard status Active
Size 4,916 SF
Total Parking Spaces 104
Lot size 1.40 Acres
Property subtype Restaurant, Retail

Building Details

Building Size 4,916 SF
Tenancy Single

Spaces For Lease

at 7940 US 31 S Contact us

Available Space

Size
4,916 SF
Type
Restaurant, Retail
Availability
Active
Contact us
Listing Agency: Veritas Realty
Listed By: Jamison Downs · License #IN RB14049042
Source: Crexi
Added: Mar 18 Changed: Aug 8 Last Checked: Aug 8 at 3:21PM

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 Veritas Realty

Investment Insights

Based on property information with market context.

This commercial real estate opportunity features a 4,916-square-foot former restaurant situated on a 1.40-acre lot. The property is suitable for restaurant or retail use.

Key Highlights

  • 4,916 SF Former Restaurant
  • 1.40 Acres

Property Analytics

Current Use

Ruby Tuesday Restaurant

Suggested Use

Top Pick Real Estate Agency Building Supply Law Firm Big Box & Wholesale Store Hair Salon HVAC Service

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

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

381
Businesses Nearby
Under-served
Demand for This Use

Demographics for 46227, IN

62,126
Population
26,411
Households
2.4
Avg Household Size
33
Median Age
21%
College-Educated
83%
High-School Grad
16.7 sq mi
ZIP Area
3,720
Density / Sq Mi
$50,993
Median Household Income
$35,591
Median Earnings
$994
Median Rent
$192,600
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
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Similar Off Market Nearby

  • City Barbeque 7863 US 31 S, Indianapolis, IN 46227

Frequently Asked Questions

What type of property is this?
Restaurant - 4,916 SF restaurant space on 1.40 acres for lease.
Where is this restaurant located?
The property is located at 7940 US 31 S Indianapolis, IN.
What are key features of this property?
This property features: 4,916 SF Former Restaurant; 1.40 Acres
(317) 472-1800 Call to check price and availability
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