For Lease
$34/SF/YR

247 Meridian St Indianapolis, IN 46225

Turnkey Restaurant, 8750 SF, CBD Location

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional turnkey restaurant opportunity encompasses 8,750 square feet of street-level space within the historic Rusch Building, constructed in 1867 and extensively renovated in 2022. Located in the vibrant Wholesale District, this property offers a unique blend of historical charm and modern amenities. The building boasts four stories and sits on a 0.25-acre lot. The space is zoned CBD2 and features a single suite within the building. The lease includes essential restaurant equipment such as a grease trap, hood system, and walk-in cooler. Significant upgrades include a new HVAC system, electrical work, and plumbing. Parking is available via street parking. The building is equipped with elevators for convenient access to all four floors. Multiple tenant options exist, making this property suitable for a variety of uses including a restaurant, bar, nightclub, speakeasy, concert venue, or retail establishment. Its prime downtown location offers unparalleled access to high foot traffic, placing it within close proximity to the Convention Center, Lucas Oil Stadium, Indianapolis Zoo, White River State Park (Miles Square), Victory Field, and a dense concentration of hotels and hospitality businesses. This location is situated in a high-traffic walking district brimming with shopping, entertainment, and dining options. The APN is 1090352.

Highlights

  • 8,750 SF turnkey restaurant space on the street level.
  • Historic building (1867, renovated 2020) with a 0.25-acre lot.
  • Includes grease trap, hood system, and walk-in cooler; new HVAC, electrical, and plumbing.
  • Multiple tenant options: restaurant, bar, nightclub, speakeasy, concert venue, or retail.
  • Located in the historic Wholesale District, near the Convention Center, Lucas Oil Stadium, and other major attractions.

Property Details for 247 Meridian St

Property type
Retail properties, Restaurants
RSF (Rentable sq. ft)
8,750 SF
Year Built/Renovated
1867/2020
Buildings
1
Stories
4

Unit(s) available at that property

Space
1st Floor - Street Level
Size
8,750 SF
Rate per SF
$34

Location Insight

City
Indianapolis
County
Marion
State
Indiana
Latitude
39.763039778921
Longitude
-86.158276921262

Nearby Similar for Lease

  • For Lease
    $16/SF/YR

    Raymond St Retail Space - Indy

    Prime Indy Retail, Restaurant, Event Space

    2412 Raymond St
    Indianapolis, IN
    View Details
  • For Lease
    $14/SF/YR

    Southport Shoppes Retail Center

    Prime Indianapolis retail space, high traffic.

    2222 Southport Rd
    Indianapolis, IN
    View Details
  • For Lease Call for price

    Marko on the Canal Retail Space

    Indianapolis Retail Opportunity: Prime Location

    6280 College Ave
    Indianapolis, IN
    View Details
  • For Lease Call for price

    Downtown Indy Retail Space

    Prime location, 10,241 sq ft available.

    10 Washington St
    Indianapolis, IN
    View Details
  • For Lease Call for price

    Downtown Indy Office Space

    Prime Mass Ave location, 2750 sq ft available

    323 Delaware St
    Indianapolis, IN
    View Details
  • For Lease Call for price

    Heeringa Farms Retail Opportunity

    Indianapolis Retail Land, Multiple Spaces

    Emerson Ave
    Indianapolis, IN
    View Details

FAQs

What type of property is this?
Retail property - Turnkey Restaurant, 8750 SF, CBD Location
Where is the retail property located?
The property is located at 247 Meridian St Indianapolis, IN.
What is the lease rate?
The lease rate is $34/SF/YR.
What are key features of this property?
This property features: 8,750 SF turnkey restaurant space on the street level.; Historic building (1867, renovated 2020) with a 0.25-acre lot.; Includes grease trap, hood system, and walk-in cooler; new HVAC, electrical, and plumbing.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].

Contacts

Stephanie Gilezan
Stephanie Gilezan
Sam Griffin, CBI
Sam Griffin, CBI
Visit Broker Website

Learn more

Useful Information

Request information

Meridian St
Indianapolis, IN 46225

Message sent successfully
Error
If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.

Meridian St
Indianapolis, IN 46225

Message sent successfully
Error

Email this Information

Link copied to clipboard
Message sent successfully
Error

Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

247 Meridian St
  • Stephanie Gilezan
    Stephanie Gilezan
  • Sam Griffin, CBI
    Sam Griffin, CBI
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message

Sign Up

Already
a member?
By creating an account, you agree to
the Terms of service and acknowledge Privacy policy.

Just one more step, let’s verify your email

We have sent a verification link to

Please check your inbox to complete the process. Just click on the link in that email to complete your Sign up. If you don’t see it, you may need to check your spam folder.

Email verification link expired

It seems that the verification link has expired. No worries! We can send you a new link to

Log In

Don't have
an account?
Forgot password?

Reset your password

New to
Paperhouses?

Enter the email address associated with your account and we'll send you a link to reset your password.

Reset your password
Enter the email address associated with your account and we'll send you a link to reset your password.
New to Paperhouses?

Check your email

We've resent password reset instructions to if it is an email on file.

Please check again. If you still haven't received an email, try a different email.

Check your email

Thanks! If matches an email we have on file, then we've sent you an email containing further instructions for resetting your password. If you haven't received an email in 5 minutes, check your spam, resend, or try a different email.