3131 Shelby StIndianapolis, IN 46227

For Sale
$699,000

Established Bar, High NOI, Motivated Seller

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional investment opportunity presents a well-established bar located at 3131 Shelby St, Indianapolis, IN 46227. The property boasts 3,739 square feet of net rentable space within a single-story building situated on a generous 15,000 square foot lot. Currently operating at 100% occupancy, this stabilized investment offers a substantial net operating income (NOI) of $89,000. The bar is a long-time owner-operated business, and the sale includes all fixtures, furniture, and equipment (FF&E) on an "as-is" basis. The property is classified as Class D retail and is offered at an asking price of $699,000. This presents a rare chance to acquire a profitable, turnkey operation in a desirable Indianapolis location. The property's strong performance and established clientele make it an attractive investment for experienced operators seeking a stable and income-generating asset. All information is deemed reliable but not guaranteed.

Highlights

  • $699,000 asking price for a stabilized retail investment.
  • 3,739 square feet on a 15,000 square foot lot.
  • 100% occupancy with a $89,000 NOI.
  • Class D, single-story building in Indianapolis, IN.
  • Broker co-op available.

Property Details for 3131 Shelby St

Property type
Other retail properties, Restaurants
Square Feet
3,739 SF
Class
D
Buildings
1
Stories
1

Location Insight

City
Indianapolis
County
Marion
State
Indiana
Latitude
39.720099921742
Longitude
-86.139562147113
3131 Shelby St, Indianapolis, Indiana

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3131 Shelby St
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