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3131 Shelby Street Indianapolis, IN ^$ 3,500

3131 Shelby Street

^$ 3,500

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3131 Shelby Street

Indianapolis, IN, 46227

^$ 3,500

Bedrooms-- Baths-- Sq 3,732

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Property for Rent in Indianapolis, IN

for $3,500. This 3,732 square foot property was built on a lot size of 0.37.

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 MU1, the property sits in a highvisibility corridor with steady traffic, making it a promising location for a new or expanding hospitality concept.

Rental Active

Price

^$ 3,500

Taxes

^$ 3,140

Style

Retail

Lot Size

0.37

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22097967

Features

General

Utilities Electricity Connected Natural Gas Connected

Zoning MU-1

Township Perry

Property Subtype Retail

Tax Year 2024

Current Use Restaurant Retail Vacant See Remarks

County Marion

New Construction N

Property Type Commercial Lease

Possible Use Restaurant Retail Vacant

Status Active

Directions GPS Friendly

City Indianapolis

High School District Perry Township Schools

MLS Area 4907 - Marion - Perry

Lot Size Square Feet 15990

Standard Status Active

Tax Lot 0

Leasehold Rent $/Mo 3500

Legal Description Golden Addition L280 - L283 & W1/2 L279 Beg Nwcor L283 E 130' S 123' W 130' N 123' To Beg15990sqft 0.367Acres

Exterior

Parking Features Attached

Building Area Total 3732

Lot Size Acres 0.37

* Excluded Features

List By

Keller Williams Indy Metro Partners

Broker

shellyj9125@gmail.com

Nearby

Trends
Schools

About Indianapolis, IN

843,184 Population

8% Since 2002

^$43,160 Median Income

35.24 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4044910 Elementary School

4044906 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/17/2026	$3,500	-12.50%	Price Down
4/27/2026	$4,000		Listed Price

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3131 Shelby Street, Indianapolis, IN, 46227 is a Property for Rent at $3,500 with 3,732 sqft and a lot size of 0.37. The property's zip code is 46227 which is in Indianapolis, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Property information provided courtesy of the Internet Exchange Program of the Metropolitan Indianapolis Board of REALTORS® Broker Listing Cooperative® listing service.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 10/19/2026.

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3131 Shelby Street

Property for Rent in Indianapolis, IN

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