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Listed by Mark Harris • CENTURY 21 Scheetz
$ 2,750,000
Est. payment /mo
Active
822 N ILLINOIS ST Indianapolis, IN 46204
4,660 SqFt
UPDATED:
02/12/2025 10:39 PM
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 4,660 sqft
Price per Sqft $590
MLS Listing ID 22021337
Year Built 1956
Tax Year 2023
Lot Size 0.360 Acres
Acres 0.36
Property Sub-Type Business
Property Description
SUBJECT IS COMPRISED OF THREE CONTIGUOUS PARCELS SITUATED ON THE NEAR NORTH SIDE OF INDIANAPOLIS JUST NORTH OF DOWNTOWN AREA WITH MAILING ADDRESSES OF 822 N ILLINOIS STREET AND 815 & 817 MUSKINGUM STREET. THE SUBJECT CONSISTS OF A TRACT OF LAND CONTAINING APPROXIMATLEY 0.36 +/- ACRES AND IS IMPROVED WITH TWO STRUCTURES THAT ARE CURRENTLY FUNCTIONING AS DOWTOWN OLLY'S AND BACKYARD AT OLLY''S. PER PUBLIC RECORD, THE BUILDINGS CONSIST OF A RESTAURANT AND BAR ALONG ILLINOIS STREET AND AN EVENT VENUE WITH A COVERED PATIO AREA ALONG MUSKINGUN STREET CONTAINING 4,600 +/- SQUARE FEET OF GROSS BUILDING AREA. SITE IMPROVEMENTS INCLUDE ASPHALT DRIVES AND PARKING, CONCRETE CURBING AND SIDEWALKS, CONCRETE BOLLARDS, WOOD PRIVACY AND WROUGHT IRON FENCING WITH MANUAL GATES, AND METAL GURADRAILS. THE SUBJECT IS ZONED CBD-2, CENTRAL BUSINESS DISTRICT TWO (PRIMARY) RC REGIONAL CENTER SECONDARY ZONING DISTRICT. ON THE BUSINESS SIDE- DOWNTOWN OLLY'S IS A VERY PROFITABLE, ESTABLISHED AND REPITABLE SAFE HAVEN WHERE EVERYONE IS WELCOME REGARDELSS OF GENDER, SEXUALITY, RACE OR BACKGROUND! FINDING A COMFORTABLE AND ACCEPTING SPACE CAN BE DIFFICULT AND DOWTOWN OLLY'S WANT TO BE THAT SPECIAL PLACE FOR ALL. WHETHER ONE VISITS TO MAKE NEW FRIENDS, LET LOOSE AND HAVE A GOOD TIME OR SIMPLY TO TAKE A BREAK AWAY FROM HOME- PEOPLE VENTURE IN TO ENJOY A DIVERSE AND LOVING COMMUNITY.
Location
State IN
County Marion
Zoning CBD-2, CENTRAL BUSINESS D
Interior
Heating Forced Air, Gas
Cooling Central Electric, Dual, Roof Turbine(s)
Fireplace N
Exterior
Utilities Available Cable Available, Electricity Connected, Gas, Sep Electric Meter, Sep Gas Meter, Water Connected
View Y/N true
Roof Type Rubber
Building
Story 1
New Construction false
Schools
School District Indianapolis Public Schools
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