For Sale
Call for price

1028 Shelby StIndianapolis, IN 46203

Profitable Indian Cafe, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional opportunity presents a thriving Indian-themed cafe for sale in Indianapolis' vibrant Fountain Square neighborhood. Located at 1028 Shelby St, Indianapolis, IN 46203, this established business occupies a 2,000 square foot single-story building (Class B) with a gross lease in place. The current lease commenced July 1st, 2023, and has a remaining term of approximately 1.6 years, expiring June 30th, 2026. The property boasts 100% occupancy, generating a Net Operating Income (NOI) of $84,000. This is a single-tenant operation, categorized as a "Business Only" sale under a value-add investment strategy, specifically qualifying as an Opportunity Zone investment. The property is zoned C-4, allowing for a variety of commercial uses. The business is incorporated, and the sale is directly from the owner. This presents a unique chance for an entrepreneur with limited capital but big ideas to acquire a profitable, established business in a high-traffic area. The cafe is currently operating at full capacity, with an occupancy date of July 31st, 2024. This turnkey operation offers immediate income potential and significant upside for a motivated buyer. The property's prime location in Fountain Square ensures high visibility and consistent customer traffic. This is a rare opportunity to own a successful business in a desirable location.

Highlights

  • Thriving Indian-themed cafe for sale in Indianapolis' Fountain Square.
  • 2,000 sq ft, single-story Class B building at 1028 Shelby St, Indianapolis, IN 46203.
  • Gross lease in place through June 30th, 2026.
  • $84,000 annual Net Operating Income (NOI) with 100% occupancy.
  • Opportunity Zone investment, C-4 zoning, direct sale from owner.

Property Details for 1028 Shelby St

Property type
Square Feet
2,000 SF
Class
B
Buildings
1
Stories
1
Units
1

Location Insight

City
Indianapolis
County
Marion
State
Indiana
Latitude
39.7531261
Longitude
-86.1399764
1028 Shelby St, Indianapolis, Indiana

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1028 Shelby St
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