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555 S Indiana Street Mooresville, IN $ 4,800,000
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$ 4,800,000 Get more info
555 S Indiana Street
$ 4,800,000
Back to search
Share Save

555 S Indiana Street

Mooresville, IN, 46158
$ 4,800,000
Bedrooms-- Baths-- Sq 22,647

Monthly Estimate*

$ 33,152

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Commercial Property for sale in Mooresville, IN

for $4,800,000. This 22,647 square foot building was built in 1979 on a lot size of 5.

Rare Opportunity - Former Gray's Restaurant | Turnkey or Redevelopment Site - Price Drop! Motivated! just reduced the price on this iconic former restaurant space, creating an exceptional opportunity for investors, developers, or restaurateurs! Located in a high-visibility, well-traveled area, this property is ideal for a turnkey restaurant setup-with existing kitchen infrastructure, dining space, and layout ready to go-or perfect for redevelopment into a retail, mixed-use, or commercial concept. The building offers flexible zoning, ample parking, and strong traffic counts, making it a strategic site for a variety of business models. Whether you're launching your next dining concept or reimagining the site entirely, this is a property with strong bones and endless potential. Priced to sell - bring offers!

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Commercial Pending

Price

$ 4,800,000

Property Type

Commercial

Taxes

$ 19,292

Style

Retail

Lot Size

5

Year Built

1979

Town/City

Mooresville

County/Region

Morgan

MLS | Web ID

22021733
Features
General
Heating Natural Gas
Cooling Central Air
Utilities Natural Gas Connected Sewer Connected Water Connected
Possession Negotiable
Roof Shingle
Zoning Commercial
Year Built 1979
Stories Count 1
Township Brown
Property Subtype Retail
Tax Year 2023
Current Use Restaurant
Building Name Gray Brothers Cafeteria
Additional Parcels Description 550136380005000005
County Morgan
New Construction N
Property Type Commercial Sale
Status Pending
Directions Go South on State Rd 67 N and turn right onto S Indiana St. Property on your right
High School Mooresville High School
City Mooresville
High School District Mooresville Con School Corp
MLS Area 5503 - Morgan - Brown
Lot Size Square Feet 217800
Current Financing Conventional
Middle/Junior High School Paul Hadley Middle School
Additional Parcels Y/N Y
Standard Status Pending
Tax Lot 5
Legal Description S36 T14 R1e Pt E Sw 3 A.
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Exterior
Parking Features Asphalt Storage Workshop in Garage
Building Area Total 22647
Lot Size Acres 5
Road Surface Type Asphalt
Waterfront Y/N N
Road Frontage Type State Road
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* Excluded Features
List By
Your Home Team

Broker

corina@yourhometeam4life.com

Email

Affordability Calculator

$34,760
Per Month
95%
5%
0%
Monthly Principal & Interest
$33,152
Monthly Property Taxes
$1,608
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
4045214 Elementary School
4051288 Middle School
Mooresville High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/3/2025$4,800,000 -18.64% Price Down
7/3/2025$5,900,000 -11.94% Price Down
6/17/2025$6,700,000 -11.84% Price Down
5/6/2025$7,600,000 -20.00% Price Down
4/17/2025$9,500,000 -5.00% Price Down
2/15/2025$10,000,000 Listed Price

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555 S Indiana Street, Mooresville, IN, 46158 is a Commercial Property for sale at $4,800,000 with 22,647 sqft and a lot size of 5. 555 S Indiana Street was built in 1979. The property's zip code is 46158 which is in Mooresville, IN

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