Realmo Analytics

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Property profile

3131 Shelby St Indianapolis, IN 46227

FOR LEASE
Retail space
Property ID
US31-0536065
3,732 SF 0.37 ac lot Built 1950
Last sale Jun 2008 · $320,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A restaurant building constructed in 1950, configured with over 3,000 square feet across the main level and basement storage area. The interior features a bar area with a 3-drawer cooler, men’s and women’s restrooms, and a commercial kitchen equipped with a hood, prep stations, grill, fryer, handwashing sink, and a 3-bay sink, with an additional 3-bay sink serving the bar area. Outdoor amenities include a small patio and an exterior stage for live entertainment. The property is located at 3131…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$3k
Tax billed · 2023
Assessed value$114k
Assessed land$35k
Assessed improvement$79k
Effective rate2.74%

Value estimate

· Oct 2026
$210k
$189k – $231k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$75/SF
Submarket average, outlier-cleaned · 102 recorded sales of this use type
Observed band · Q1–Q3$33 – $119
Qualifying comparables4

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
ZO01
JurisdictionMARION

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency18.4
Law Firm16.0
Hair Salon12.8

Location

3131 Shelby St Indianapolis, IN 46227
County assessor Recorded deeds · 5 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
359 Thompson, Indianapolis, IN 46227-1624 $295,000 May 2022 3,970 SF
5302 Madison, Indianapolis, IN 46227-4244 $180,000 Jul 2021 4,020 SF
7906 Madison, Indianapolis, IN 46227 $1,850,000 Dec 2020 4,500 SF
8241 Us 31, Indianapolis, IN 46227-6228 $1,635,000 Jul 2020 3,316 SF
5518 Shelby, Indianapolis, IN 46227-4656 $130,000 Apr 2020 3,114 SF
4003 Madison, Indianapolis, IN 46227 $70,000 Feb 2020 3,281 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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