1028 Shelby St Indianapolis, IN 46203
- Commercial real estate
- 2,000 SF
Current Use by Public Records
- buildingex.com / Publisher
- Architectural Center Bookstore / Book Store
- A Cup of Chai / Coffee Shop / Cafe
- ACP magazines / Corporate Office
- ACP's National Editor / Corporate Office
Property Details for 1028 Shelby St
- Property size
- 2,000 SF
- Property type
- Commercial real estate
Description
This exceptional opportunity presents a thriving Indian-themed cafe for sale in Indianapolis' vibrant Fountain Square neighborhood. Located at 1028 Shelby St, Indianapolis, IN 46203, this established business occupies a 2,000 square foot single-story building (Class B) with a gross lease in place. The current lease commenced July 1st, 2023, and has a remaining term of approximately 1.6 years, expiring June 30th, 2026. The property boasts 100% occupancy, generating a Net Operating Income (NOI) of $84,000. This is a single-tenant operation, categorized as a "Business Only" sale under a value-add investment strategy, specifically qualifying as an Opportunity Zone investment. The property is zoned C-4, allowing for a variety of commercial uses. The business is incorporated, and the sale is directly from the owner. This presents a unique chance for an entrepreneur with limited capital but big ideas to acquire a profitable, established business in a high-traffic area. The cafe is currently operating at full capacity, with an occupancy date of July 31st, 2024. This turnkey operation offers immediate income potential and significant upside for a motivated buyer. The property's prime location in Fountain Square ensures high visibility and consistent customer traffic. This is a rare opportunity to own a successful business in a desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Marion
- State
- Indiana
- Longitude
- -86.14
- Latitude
- 39.7531
