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Property profile & analytics
OFF-MARKET
Turn key restaurants

5090 38th St Indianapolis, IN 46254-3324

31,537 SF 0.72 ac lot Built 1992
Entity Owned ~ Est. High Equity
Property ID
US31-0649232
Property summary
AI-generated overview

This exceptional 7,548 square foot freestanding restaurant building presents a unique investment or lease opportunity in Indianapolis, Indiana. Located at 5090 W 38th St, in Marion County, zip code 46254, this property boasts excellent visibility and accessibility. With a daily traffic count of 41,872 vehicles on West 38th Street, this location ensures high exposure for your business. The building benefits from convenient stoplight access, strategically positioned between Interstates 65 and 465, providing easy access for customers from across the region. This prime location is nestled within a thriving commercial corridor, surrounded by major retailers including Walmart, Meijer, and Target, creating a high-traffic environment and strong customer base. The property is available for both lease and sale, with an asking price of $655,000. This single-tenancy building is classified as a restaurant, but its versatile design could accommodate various retail, medical, or entertainment uses. The property's strategic location and high visibility make it an ideal investment for discerning buyers or a prime location for a thriving business. Contact us today to learn more about this exceptional opportunity.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1992
Total area 31,537 SF
Lot 0.72 ac (31,537 SF)
Zoning code ZO01
APN 49-06-18-100-087.000-600
UPID US31-0649232
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Fireworks Leasing LLC
Fireworks Leasing LLC
since 2025
1 recorded transaction
2025
Price N/A
Zoning & alternative use
ZO01 · Indianapolis, IN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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