3131 Shelby St

3131 Shelby St, Indianapolis, IN 46227

Property Information

  • For Lease $4,000.00/MO
  • Property Type Retail - Street Retail
  • Property Size 3,732 SF
  • Lot Size 0.38 Acre
  • Building Class C
  • Year Built 1950
  • Date Updated May 4, 2026

Description

Located in the vibrant city of Indianapolis, the area surrounding the property is bustling with activity and opportunity for retail tenants. Just minutes away from popular destinations like the Greenwood Park Mall and the University of Indianapolis, this location boasts a steady flow of foot traffic and eager shoppers. The surrounding neighborhood is home to a diverse mix of retail, dining, and entertainment options, making it an ideal setting for businesses looking to attract a wide range of customers. With its convenient access to major roads and highways, the area offers excellent visibility and accessibility for retail enterprises looking to establish a strong presence in this thriving community.This southside commercial building offers a strong opportunity for a restaurant or bar operator looking to customize a space to fit their vision. Over 3,000sf, including additional basement storage. The interior includes a bar area with a 3-Drawer Cooler & 3-Bay Sink, Men’s and Women’s restrooms, and full kitchen with hood, prep stations, grill, fryer, handwashing sink, and 3-Bay Sink. Downstairs is ample for additional storage. Outside, you'll find a small patio and stage for live entertainment. Zoned MU‑1, the property sits in a high‑visibility corridor with steady traffic, making it a promising location for a new or expanding hospitality concept.

Highlights

  • 30+ Parking Spaces
  • Equipment Included but not warranted
  • Modified Gross Lease

1 Space Available

3131 Shelby Street

Space Type

Restaurant

Lease Rate

$4,000.00/MO

Total Space

3,732 SF

Divisible Space

3,732 - 3,732 SF

Available Date

Immediate

Lease Type

Modified Gross

Renewal Option

Yes

Sublease

No

Contacts

Shelly Johnson

Keller Williams Indy Metro South

Location

Located at 3131 Shelby St, Indianapolis, IN 46227, this property is part of the University Heights neighborhood and Indianapolis market.

Contact Listing Broker
Shelly Johnson

Keller Williams Indy Metro South

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