# 5527 N Keystone Avenue, Indianapolis, IN 46220 > **TL;DR:** commercial, $685,000, built 1960. Est. $3,664/mo. Listed 155 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $685,000 | | Year Built | 1960 | | Lot Size | 13,068 sqft (0.30 acres) | | Stories | 1 | | Property Type | Commercial (Retail) | | Status | Active | | Days on Market | 155 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $3,464 | | Estimated Insurance | $200 | | **Total** | **$3,664** | ## Property Highlights - Built in 1960 - 0.30 acre lot ## Description ### Agent Description Position your brand at one of Indianapolis' most visible northside retail corridors with this high-exposure restaurant/QSR opportunity at 5527 N Keystone Avenue. Formerly home to a long-standing local donut concept and currently configured for restaurant use, this highly recognizable site offers the exact characteristics national and regional QSR operators seek: signalized access, exceptional visibility, prominent signage, strong vehicle counts, dedicated parking, and potential drive-thru adaptability. Strategically located along the heavily traveled Keystone Avenue corridor near 56th Street, this site benefits from significant daily traffic flow and strong surrounding retail synergy, placing your brand in front of thousands of consumers every day. Positioned between Subway and Wendy's and across from Meijer Super center, this location offers built-in customer awareness and proven food-service viability. The building offers approximately 1,795 square feet of restaurant-ready space, ideal for quick-service, fast casual, coffee, dessert, beverage, sandwich, chicken, burger, taco, or specialty concepts. Existing restaurant infrastructure, combined with a flexible layout, can significantly reduce time-to-opening and buildout costs for the right operator. Fantastic location and condition. New roof 2023, New parking lot 2023, New RTU 2024, new build out 2023 on inside, New dumpster enclosure 2025. High traffic count and visibility with large monument sign. The current tenant has a 10-year lease. ## Location - **Address:** 5527 N Keystone Avenue, Indianapolis, IN 46220 - **County:** Marion - **Coordinates:** 39.85341016, -86.12181812 - **Google Maps:** https://www.google.com/maps?q=39.85341016,-86.12181812 ## Listing Agent - **Name:** Glenn Bill - **Brokerage:** eXp Realty - **Broker Phone:** (888) 611-3912 ## Photos ![5527 N Keystone Avenue - Photo 1](http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f3450089659r.jpg) ![5527 N Keystone Avenue - Photo 2](http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f3117406299r.jpg) ![5527 N Keystone Avenue - Photo 3](http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f3801852784r.jpg) ![5527 N Keystone Avenue - Photo 4](http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f3249634430r.jpg) ![5527 N Keystone Avenue - Photo 5](http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f4152611416r.jpg) ![5527 N Keystone Avenue - Photo 6](http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f1187026406r.jpg) ![5527 N Keystone Avenue - Photo 7](http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f1005288309r.jpg) ![5527 N Keystone Avenue - Photo 8](http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f2343035823r.jpg) ![5527 N Keystone Avenue - Photo 9](http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f584343371r.jpg) ![5527 N Keystone Avenue - Photo 10](http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f4204188049r.jpg) ![5527 N Keystone Avenue - Photo 11](http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f2410098953r.jpg) ![5527 N Keystone Avenue - Photo 12](http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f1691194122r.jpg) ![5527 N Keystone Avenue - Photo 13](http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f3585752880r.jpg) ![5527 N Keystone Avenue - Photo 14](http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f1507554982r.jpg) ![5527 N Keystone Avenue - Photo 15](http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f1675332762r.jpg) ![5527 N Keystone Avenue - Photo 16](http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f1017634443r.jpg) ![5527 N Keystone Avenue - Photo 17](http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f999500598r.jpg) ![5527 N Keystone Avenue - Photo 18](http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f1778739483r.jpg) ![5527 N Keystone Avenue - Photo 19](http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f1276713043r.jpg) ![5527 N Keystone Avenue - Photo 20](http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f3645131983r.jpg) --- **MLS#:** 22103728 | **Updated:** 2026-10-20 **Source:** listhub *Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/5527-n-keystone-avenue-indianapolis-in-46220-16fa50c2e0dd4e1a953258d8554b4d47) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/5527-n-keystone-avenue-indianapolis-in-46220-16fa50c2e0dd4e1a953258d8554b4d47#listing", "url": "https://www.propertysimple.ai/listing/5527-n-keystone-avenue-indianapolis-in-46220-16fa50c2e0dd4e1a953258d8554b4d47", "name": "5527 N Keystone Avenue, Indianapolis, IN 46220", "description": "Position your brand at one of Indianapolis' most visible northside retail corridors with this high-exposure restaurant/QSR opportunity at 5527 N Keystone Avenue. Formerly home to a long-standing local donut concept and currently configured for restaurant use, this highly recognizable site offers the exact characteristics national and regional QSR operators seek: signalized access, exceptional visibility, prominent signage, strong vehicle counts, dedicated parking, and potential drive-thru adaptability. Strategically located along the heavily traveled Keystone Avenue corridor near 56th Street, this site benefits from significant daily traffic flow and strong surrounding retail synergy, placing your brand in front of thousands of consumers every day. Positioned between Subway and Wendy's and across from Meijer Super center, this location offers built-in customer awareness and proven food-service viability. The building offers approximately 1,795 square feet of restaurant-ready space, ideal for quick-service, fast casual, coffee, dessert, beverage, sandwich, chicken, burger, taco, or specialty concepts. Existing restaurant infrastructure, combined with a flexible layout, can significantly reduce time-to-opening and buildout costs for the right operator. Fantastic location and condition. New roof 2023, New parking lot 2023, New RTU 2024, new build out 2023 on inside, New dumpster enclosure 2025. High traffic count and visibility with large monument sign. The current tenant has a 10-year lease.", "image": [ "http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f3450089659r.jpg", "http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f3117406299r.jpg", "http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f3801852784r.jpg", "http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f3249634430r.jpg", "http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f4152611416r.jpg", "http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f1187026406r.jpg", "http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f1005288309r.jpg", "http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f2343035823r.jpg", "http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f584343371r.jpg", "http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f4204188049r.jpg", "http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f2410098953r.jpg", "http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f1691194122r.jpg", "http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f3585752880r.jpg", "http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f1507554982r.jpg", "http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f1675332762r.jpg", "http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f1017634443r.jpg", "http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f999500598r.jpg", "http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f1778739483r.jpg", "http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f1276713043r.jpg", "http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f3645131983r.jpg" ], "primaryImageOfPage": { "@type": "ImageObject", "url": "http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f3450089659r.jpg", "caption": "5527 N Keystone Avenue - Indianapolis, IN" }, "datePosted": "2026-05-27", "dateModified": "2026-10-20T19:24:49.868Z", "mainEntity": { "@type": "Place", "@id": "https://www.propertysimple.ai/listing/5527-n-keystone-avenue-indianapolis-in-46220-16fa50c2e0dd4e1a953258d8554b4d47#property", "name": "5527 N Keystone Avenue, Indianapolis, IN 46220", "address": { "@type": "PostalAddress", "streetAddress": "5527 N Keystone Avenue", "addressLocality": "Indianapolis", "addressRegion": "IN", "postalCode": "46220", "addressCountry": "US" }, "geo": { "@type": "GeoCoordinates", "latitude": 39.85341016, "longitude": -86.12181812 }, "image": [ "http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f3450089659r.jpg", "http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f3117406299r.jpg", "http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f3801852784r.jpg", "http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f3249634430r.jpg", "http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f4152611416r.jpg", "http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f1187026406r.jpg", "http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f1005288309r.jpg", "http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f2343035823r.jpg", "http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f584343371r.jpg", "http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f4204188049r.jpg", "http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f2410098953r.jpg", "http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f1691194122r.jpg", "http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f3585752880r.jpg", "http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f1507554982r.jpg", "http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f1675332762r.jpg", "http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f1017634443r.jpg", "http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f999500598r.jpg", "http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f1778739483r.jpg", "http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f1276713043r.jpg", "http://lh.rdcpix.com/ef43d6ce5b92999c830ea882d1075211l-f3645131983r.jpg" ], "identifier": { "@type": "PropertyValue", "propertyID": "MLS", "value": "22103728" }, "additionalProperty": [ { "@type": "PropertyValue", "name": "Lot Size", "value": "0.30 acres" }, { "@type": "PropertyValue", "name": "Stories", "value": 1 }, { "@type": "PropertyValue", "name": "Property Subtype", "value": "Retail" }, { "@type": "PropertyValue", "name": "Property Type", "value": "Commercial" } ] }, "offers": { "@type": "Offer", "@id": "https://www.propertysimple.ai/listing/5527-n-keystone-avenue-indianapolis-in-46220-16fa50c2e0dd4e1a953258d8554b4d47#offer", "url": "https://www.propertysimple.ai/listing/5527-n-keystone-avenue-indianapolis-in-46220-16fa50c2e0dd4e1a953258d8554b4d47", "price": 685000, "priceCurrency": "USD", "businessFunction": "http://purl.org/goodrelations/v1#Sell", "availability": "https://schema.org/InStock", "seller": { "@id": "https://www.propertysimple.ai/listing/5527-n-keystone-avenue-indianapolis-in-46220-16fa50c2e0dd4e1a953258d8554b4d47#agent" } }, "provider": { "@type": "Person", "@id": "https://www.propertysimple.ai/listing/5527-n-keystone-avenue-indianapolis-in-46220-16fa50c2e0dd4e1a953258d8554b4d47#agent", "name": "Glenn Bill", "worksFor": { "@type": "Organization", "@id": "https://www.propertysimple.ai/listing/5527-n-keystone-avenue-indianapolis-in-46220-16fa50c2e0dd4e1a953258d8554b4d47#brokerage", "name": "eXp Realty", "telephone": "(888) 611-3912" } } } ```