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6243 W Washington St
Indianapolis, IN 46241
Steak n Shake · Retail Property For Sale

Investment Highlights

  • Former Steak’n Shake consists of a 3,138 SF building positioned on 0.81 acres
  • Located only minutes away from Indianapolis International Airport
  • An exceptional restaurant backfill or redevelopment prospect is available on the prominent W Washington St. corridor, characterized by its high visibi

Executive Summary

This property offers an outstanding opportunity for investors seeking a well-located retail building on a prominent corridor in Indianapolis. Positioned on 0.81 acres along W Washington Street, the asset provides excellent visibility and ingress/egress, benefiting from a daily traffic count of approximately 41,168 vehicles. Its proximity to Interstate 465, with traffic volumes nearing 172,940 VPD, ensures strong accessibility to regional and local commuters.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,414 SF
Building Class
C
Year Built
1993
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.02 AC
Parking
55 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
206’ on S High School Rd

Amenities

  • Drive Thru

Property Taxes

Property Taxes

Parcel Number
49-12-13-104-005.000-930
Land Assessment
$394,241 CAD
Improvements Assessment
$289,983 CAD
Total Assessment
$684,224 CAD
  • Listing ID: 41062001

  • Date on Market: 2026-06-25

  • Last Updated:

  • Address: 6243 W Washington St, Indianapolis, IN 46241

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