Theaters & Concert Hall

Indianapolis, IN Theaters & Concert Halls for Sale

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Freestanding Theater Building
Updated: Mar 18, 2024
Freestanding Theater Building

3808 Shelby St, Indianapolis, IN 46227

Contact for pricing
10,344 sqft
Freestanding building for sale housing The Wit Theater and ComedySportz Indianapolis.
Located directly across from the University of Indianapolis on the southside of Indianapolis.
Public transit: The Red Line runs directly in front of the property, extending to Broad Ripple.
University context: 5,600 students on the main Indianapolis campus, including about 1,400 graduate students.
University academic offerings nearby: 100+ undergraduate degree programs, 40+ master’s degree programs, and five doctoral programs.
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Freestanding Building Near University
Updated: Aug 18, 2023
Freestanding Building Near University

3808 Shelby St, Indianapolis, IN 46227

Contact for pricing
10,344 sqft
Freestanding building suitable for various uses.
Located directly across from the University of Indianapolis.
High visibility location on the Southside of Indianapolis.
Redline access directly in front of the property, providing connectivity to Broad Ripple and downtown Indianapolis.
Currently houses The Wit Theater- Home of ComedySportz Indianapolis and Christel House Academy.
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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 2 Active listings in Indianapolis, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 70 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Historic Strand Theatre Building
Historic Strand Theatre Building

219 W Chicago Road, Sturgis, MI 49091

$475,000
7,560 sqft 0.17 AC lot

Historic downtown theater with updated roof, HVAC, sound equipment, and upgraded seating.

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Historic Round Barn Theater Complex
Historic Round Barn Theater Complex

1660 W Market St, Nappanee, IN 46550

$1,399,900
20,000 sqft

National Historic Landmark featuring a remodeled round barn theater with a lobby, concession, and multi-purpose greeting barn.

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Historic Strand Theatre Building
Historic Strand Theatre Building

219 W Chicago Road, Sturgis, MI 49091

$475,000

Historic Strand Theatre offers multiple auditoriums and common areas, with recent updates including HVAC, roofing, and seating.

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Historic Round Barn Theater Complex
Historic Round Barn Theater Complex

1660 W Market Street, Nappanee, IN 46550

Contact for pricing
54,000 sqft 9.58 AC lot

Round Barn Theater seats nearly 400 and features a recently remodeled full professional stage.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Showland Theater with 7 Screens
Showland Theater with 7 Screens

2745 N Oak Road, Plymouth, IN 46563

$1,500,000
10.00 AC lot

Multi-screen theater with seven screens and 10 acres of commercial land, suited for entertainment operations or adaptive reuse.

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Corner Commercial Land Parcel
Corner Commercial Land Parcel

HWY 412 & LINCOLN lot: 5, Siloam Springs, AR 72761

$2,600,000
7.61 AC lot

Corner commercial land parcel with public water and public sewer services available.

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Industrial Development and Events Site
Industrial Development and Events Site

92ac Checkered Flag Way, Maud, TX 75567

$645,000
92.35 AC lot

Sprawling 92-acre property with a banked red clay racetrack, grandstands, and multiple buildings, plus undeveloped acreage.

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Commercial Rural Land Parcel
Commercial Rural Land Parcel

1153 Belfield Boulevard, Landers, CA 92285

$295,000

Commercial rural zoned land with a water meter and electric at the street, suitable for a range of site-planned uses.

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Off-Market Properties in Indianapolis, IN

Consider similar Off-Market properties in Indianapolis, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

1349 Ridgeview Dr
THEATER (MOVIE)

1349 Ridgeview Dr, Indianapolis, IN 46219

Value Estimation by Request
9,502 sqft 0.22 AC lot
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7551 Oaklandon Rd
THEATER (MOVIE)

7551 Oaklandon Rd, Indianapolis, IN 46236-9797

Value Estimation by Request
13,134 sqft 7.61 AC lot
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1635 Michigan St
THEATER (MOVIE)

1635 Michigan St, Indianapolis, IN 46222-3852

$810,000
Estimated value
17,280 sqft 6.43 AC lot
View details
5119 Rinehart Ave
THEATER (MOVIE)

5119 Rinehart Ave, Indianapolis, IN 46241

Value Estimation by Request
1,452 sqft 0.52 AC lot
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1210 22nd St
THEATER (MOVIE)

1210 22nd St, Indianapolis, IN 46202-1921

Value Estimation by Request
2,800 sqft 0.16 AC lot
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963 Girls School Rd
THEATER (MOVIE)

963 Girls School Rd, Indianapolis, IN 46214-3669

$1,000,000
Estimated value
30,598 sqft 5.20 AC lot
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3014 Arbor Ave
THEATER (MOVIE)

3014 Arbor Ave, Indianapolis, IN 46217-3102

Value Estimation by Request
1,648 sqft 0.32 AC lot
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2905 Carson Ave
THEATER (MOVIE)

2905 Carson Ave, Indianapolis, IN 46203-5259

Value Estimation by Request
12,901 sqft 8.00 AC lot
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2601 Thompson Rd
THEATER (MOVIE)

2601 Thompson Rd, Indianapolis, IN 46227-4450

Value Estimation by Request
11,773 sqft 5.06 AC lot
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3642 Emerson Ave
THEATER (MOVIE)

3642 Emerson Ave, Indianapolis, IN 46218-1736

Value Estimation by Request
8,680 sqft 0.62 AC lot
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3611 34th St
THEATER (MOVIE)

3611 34th St, Indianapolis, IN 46218-2167

Value Estimation by Request
1,456 sqft 0.42 AC lot
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3418 20th St
THEATER (MOVIE)

3418 20th St, Indianapolis, IN 46218-4402

Value Estimation by Request
1,836 sqft 0.12 AC lot
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5885 Crittenden Ave
THEATER (MOVIE)

5885 Crittenden Ave, Indianapolis, IN 46220-2840

$1,060,000
Estimated value
28,653 sqft 3.93 AC lot
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1075 Hosbrook St
THEATER (MOVIE)

1075 Hosbrook St, Indianapolis, IN 46203-1013

Value Estimation by Request
2,560 sqft 0.36 AC lot
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2357 Carrollton Ave
THEATER (MOVIE)

2357 Carrollton Ave, Indianapolis, IN 46205-4519

Value Estimation by Request
4,312 sqft 0.14 AC lot
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2731 Bethel Ave
THEATER (MOVIE)

2731 Bethel Ave, Indianapolis, IN 46203-3104

Value Estimation by Request
10,656 sqft 0.78 AC lot
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3419 10th St
THEATER (MOVIE)

3419 10th St, Indianapolis, IN 46201-2535

Value Estimation by Request
1,708 sqft 0.11 AC lot
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2425 Prospect St
THEATER (MOVIE)

2425 Prospect St, Indianapolis, IN 46203-2142

Value Estimation by Request
4,400 sqft 0.28 AC lot
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4625 Keystone Ave
THEATER (MOVIE)

4625 Keystone Ave, Indianapolis, IN 46205-1511

Value Estimation by Request
8,554 sqft 1.27 AC lot
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1061 Mitchner Ave
THEATER (MOVIE)

1061 Mitchner Ave, Indianapolis, IN 46239-1159

Value Estimation by Request
2,700 sqft 0.23 AC lot
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602 Berwick Ave
THEATER (MOVIE)

602 Berwick Ave, Indianapolis, IN 46222-3414

$620,000
Estimated value
22,902 sqft 0.42 AC lot
View details
3317 10th St
THEATER (MOVIE)

3317 10th St, Indianapolis, IN 46201-2503

Value Estimation by Request
6,880 sqft 0.37 AC lot
View details

Indianapolis, IN Theaters & Concert Halls Market Trends and Statistics

Explore 72 theaters & concert halls for sale in Indianapolis, IN on our real estate platform. These investment opportunities span a total of 20,688 square feet of properties for sale.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Fitness centers & gyms 22
Theaters & concert halls 2

Demographics Overview

Population 979K
Population Growth (5Y) +2.8%
Median Household Income $67,417
College Educated 30.4%

High-Yield Neighborhoods for Investment

Identify Indianapolis submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
46205 $1.2M

Taxes & Financing

Tax Rate (average for all types) 2.46%
Property Tax per SF $41.61 per SF
Tax Rate vs County Average 0.02 pp below county avg
Average Loan-to-Value 65.0%

Property Size Breakdown

The majority of commercial real estate listings in Indianapolis fall within the 100,000+ square foot range.

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