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Investment Highlights

  • High-exposure restaurant/QSR opportunity
  • Heavy traffic northside retail corridor location

Executive Summary

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.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,845 SF
Building Class
B
Year Built
1960
Price
$685,000
Price Per SF
$371.27
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.30 AC
Parking
11 Spaces (6.13 Spaces per 1,000 SF Leased)
Frontage
71’ on N Keystone Ave

Amenities

  • Restaurant
  • Monument Signage
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100

Nearby Major Retailers

Meijer
Chase Bank
The Human Bean
Steak ‘n Shake
Planet Fitness
Starbucks
PNC Bank
Regions Bank
Chicken Salad Chick
Crunch Fitness

Property Taxes

Property Taxes

Parcel Number
49-07-08-103-006.000-801
Land Assessment
$70,800
Improvements Assessment
$136,000
Total Assessment
$206,800
  • Listing ID: 40694252

  • Date on Market: 5/28/2026

  • Last Updated:

  • Address: 5527 N Keystone Ave, Indianapolis, IN 46220

Contact the Sale Advisor

5527 N Keystone Ave

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