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Restaurant Property

9020 E 21st Street, Indianapolis, IN 46229

For Sale
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The property’s restaurant history reaches back to 1971, with a documented transition from Burger Chef to the Hardee’s brand.

Property SizeContact for details
Days on Market15

Property Features for 9020 E 21st Street

General Information

Standard status Active
Property subtype Retail

Site & Location

Neighborhood Key Meadows

Additional Details

Currently Operating Yes

Building Details

Tenancy Single
Listing Agency: Veritas Realty
Listed By: Jon Bannister · License IN RB19001231
Source: Crexi
Added: Oct 30 Changed: Nov 9 Last Checked: Nov 12 at 7:11AM

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

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Investment Insights

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Restaurant use at the property dates to 1971. The original lease named Burger Chef Systems as tenant, with later amendments documenting the tenancy. Following Burger Chef’s acquisition by Hardee’s Food Systems in 1982, restaurants operating under the Burger Chef name were converted to the Hardee’s brand. The property’s lease history also connects Burger Chef Systems to CKE’s corporate organization.

Key Highlights

  • Restaurant history at the site dates to 1971
  • Burger Chef Systems was named as tenant in the original lease
  • Burger Chef was acquired by Hardee’s Food Systems in 1982

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Hardee's Restaurant

Suggested Use

Top Pick Law Firm Real Estate Agency HVAC Service Kitchen & Bath Showroom Pharmacy Cafe & Coffee Shop

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

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

67
Businesses Nearby
Under-served
Demand for This Use

Demographics for 46229, IN

29,252
Population
12,046
Households
2.4
Avg Household Size
35
Median Age
26%
College-Educated
92%
High-School Grad
11.3 sq mi
ZIP Area
2,589
Density / Sq Mi
$62,982
Median Household Income
$40,407
Median Earnings
$1,020
Median Rent
$170,100
Median Home Value
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Market

Properties on Market for Conventional restaurants in Indianapolis

Jul
Aug
Sep
Oct

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

Frequently Asked Questions

What type of property is this?
Conventional restaurant - The property’s restaurant history reaches back to 1971, with a documented transition from Burger Chef to the Hardee’s brand.
Where is this conventional restaurant located?
The property is located at 9020 E 21st Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $883,444.
What are key features of this property?
This property features: Restaurant history at the site dates to 1971; Burger Chef Systems was named as tenant in the original lease; Burger Chef was acquired by Hardee’s Food Systems in 1982
(317) 493-1267 Call to check price and availability
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