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Listed by Keith Turnbill • RE/MAX Advanced Realty
$ 2,199,000
Est. payment | /mo
5,497 SqFt
$ 2,199,000
Est. payment | /mo
5,497 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 5,497 sqft
Price per Sqft $400
MLS Listing ID 22053576
Year Built 1960
Tax Year 2024
Lot Size 2.650 Acres
Acres 2.65
Property Sub-Type Retail
Property Description
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.
Location
State IN
County Marion
Zoning I2
Interior
Fireplace N
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Building
New Construction false
Schools
School District School Town Of Speedway
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