1132 16Th St Indianapolis, IN 46202

This exceptional 1,536-square-foot vacant restaurant space, located at 1132 E. 16th Street in Indianapolis, Indiana, presents a unique redevelopment opportunity. Situated on a sizable 11,299-square-foot lot (approximately 1/4 acre) in the vibrant Monon 16 district, this property benefits from its proximity to the Monon Trail and the recently completed $20 million Monon Lofts development. The property is zoned C5, offering flexibility for various uses including restaurant, retail, automotive, or residential redevelopment. Its location on a "transportationally significant thoroughfare," as designated by the Indianapolis Department of Metropolitan Development (DMD), allows for less stringent parking requirements. Adding to its potential, an adjacent 1,836-square-foot parcel is available for purchase, creating the possibility of expanding the footprint to up to 3,000 square feet. The current owner is open to build-to-suit options for qualified operators and projects, offering long-term lease opportunities with build-to-suit credit. The property's APN is 49-07-31-213-359.000-101. This is a rare chance to acquire a prime piece of real estate in a rapidly growing area of Indianapolis. The asking price is $495,000.