Former Steak'n Shake — Sale in Indianapolis, IN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Indianapolis, IN 46241

Photos

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Former Steak'n Shake — Sale in Indianapolis, IN, photo 3 of 3

Description

3,138 SF Available for Sale or Lease + Former Steak’n Shake consists of a 3,138 SF building positioned on 0.81 acres + An exceptional restaurant backfill or redevelopment prospect is available on the prominent W Washington St. corridor, characterized by its high visibility and a daily traffic volume of 41,168 vehicles. + Located only minutes away from Indianapolis International Airport

Market Context

This retail in Indianapolis, IN is listed for sale. Compare it against other retail listings for sale in Indianapolis, IN — view the full market.

As of Q2 2026, the Indianapolis retail market showed a 4.9% vacancy rate, and average asking rents near $17.29/SF/yr. Source: Cushman & Wakefield Q2 2026 market report.

Tight vacancy keeps competition for quality space elevated.

Retail market FAQ

Is the Indianapolis retail market tightening or softening?
Vacancy is around 4.9% (Q2 2026).

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