5527 N Keystone Avenue Indianapolis, IN $ 685,000
5527 N Keystone Avenue
$ 685,000
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5527 N Keystone Avenue

Indianapolis, IN, 46220
$ 685,000
Bedrooms-- Baths-- Sq 1,795

Monthly Estimate*

$ 4,731

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Commercial Property for sale in Indianapolis, IN

for $685,000. This 1,795 square foot building was built in 1960 on a lot size of 0.3.

Position your brand at one of Indianapolis' most visible northside retail corridors with this high-exposure restaurant/QSR opportunity at 5527 N Keystone Avenue. Formerly home to a long-standing local donut concept and currently configured for restaurant use, this highly recognizable site offers the exact characteristics national and regional QSR operators seek: signalized access, exceptional visibility, prominent signage, strong vehicle counts, dedicated parking, and potential drive-thru adaptability. Strategically located along the heavily traveled Keystone Avenue corridor near 56th Street, this site benefits from significant daily traffic flow and strong surrounding retail synergy, placing your brand in front of thousands of consumers every day. Positioned between Subway and Wendy's and across from Meijer Super center, this location offers built-in customer awareness and proven food-service viability. The building offers approximately 1,795 square feet of restaurant-ready space, ideal for quick-service, fast casual, coffee, dessert, beverage, sandwich, chicken, burger, taco, or specialty concepts. Existing restaurant infrastructure, combined with a flexible layout, can significantly reduce time-to-opening and buildout costs for the right operator. Fantastic location and condition. New roof 2023, New parking lot 2023, New RTU 2024, new build out 2023 on inside, New dumpster enclosure 2025. High traffic count and visibility with large monument sign. The current tenant has a 10-year lease.

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Commercial Active

Price

$ 685,000

Property Type

Commercial

Taxes

$ 3,666

Style

Retail

Lot Size

0.3

Year Built

1960

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22103728

Features
General
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Possession Negotiable
Zoning Retail
Year Built 1960
Stories Count 1
Township Washington
Property Subtype Retail
Tax Year 2024
Current Use Restaurant
County Marion
New Construction N
Property Type Commercial Sale
Status Active
Directions GPS Friendly
City Indianapolis
High School District Indianapolis Public Schools
MLS Area 4903 - Marion - Washington
Lot Size Square Feet 12865
Standard Status Active
Tax Lot 0
Legal Description Andrew F Fromholds Sub B7 Pt L2 & L3 Beg Se Corl3; W155' N83' E155' S83' To Beg
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Exterior
Building Area Total 1795
Lot Size Acres 0.3
Road Frontage Type City Street
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* Excluded Features
List By
Exp Realty, Llc

Broker

glenn.bill@exprealty.com

Email

Affordability Calculator

$5,037
Per Month
94%
6%
0%
Monthly Principal & Interest
$4,731
Monthly Property Taxes
$306
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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Nearby
4044905 Elementary School
4044909 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/27/2026$685,000 Listed Price

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5527 N Keystone Avenue, Indianapolis, IN, 46220 is a Commercial Property for sale at $685,000 with 1,795 sqft and a lot size of 0.3. 5527 N Keystone Avenue was built in 1960. The property's zip code is 46220 which is in Indianapolis, IN