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5211 W 10th St
Indianapolis, IN 46224
Retail Property For Sale


Executive Summary
Welcome to the heart of Speedway - where small-town charm meets world-famous racing heritage! Nestled just steps from the iconic Indianapolis Motor Speedway and the beloved MugnBun Drive-In, this property offers the rare blend of historic character, walkability, and cultural richness that defines Speedway living. Enjoy the aroma of fresh root beer floats and hand-breaded tenderloins drifting through your windows during race season, and be part of a tight-knit community that celebrates both tradition and progress. Whether you're a homebuyer seeking timeless Midwestern charm or an investor looking to tap into one of Indy's most unique neighborhoods, this is your chance to own a piece of the trackside legacy. Highlights include: -Prime location - walk to Mug-n-Bun, IMS, & Main Street -Easy access to downtown Indy & I465 -Steps from parades, festivals, and race-day excitement -Own property in one of Indiana's most culturally rich zip codes This is your rare opportunity to own a booming, iconic restaurant business on nearly 2.50 acres in the heart of Speedway. The legendary Mug-N-Bun Drive-In has been a local institution for decades, known for its loyal customer base, timeless menu, and proven track record of solid income. The offering includes four parcels of land, featuring: -A classic drive-up restaurant -A sit-down dining facility -A fully equipped pizza shop -An on-site residence for owner-occupancy or rental potential This is a turnkey acquisition: the purchase includes the real estate, established business, all furniture, fixtures, and equipment - everything needed to continue or expand this iconic operation. Located just minutes from the Indianapolis Motor Speedway, this property is perfectly positioned to benefit from race-day crowds, neighborhood traffic, and the vibrant culture of Speedway. Whether you're an experienced restaurateur or an investor looking for a high-visibility, income-generating asset - this could be the one.
Property Facts
Sale Type
Investment
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,245 SF
Building Class
C
Year Built
1960
Price
$3,010,585 CAD
Price Per SF
$709.21 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.75 AC
Zoning
I-2
Parking
30 Spaces (7.07 Spaces per 1,000 SF Leased)
Frontage
145’ on W 10th St
Property Taxes
| Parcel Number | 49-11-06-100-005.000-914 | Improvements Assessment | $202,485 CAD |
| Land Assessment | $131,568 CAD | Total Assessment | $334,053 CAD |
Property Taxes
Parcel Number
49-11-06-100-005.000-914
Land Assessment
$131,568 CAD
Improvements Assessment
$202,485 CAD
Total Assessment
$334,053 CAD
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