$4,800,000
Pending
22,647
SqFt
1979
Built
Rare Opportunity - Former Gray's Restaurant | Turnkey or Redevelopment Site - Price Drop! Motivated! just reduced the price on this iconic former restaurant space, creating an exceptional opportunity for investors, developers, or restaurateurs! Located in a high-visibility, well-traveled area, this property is ideal for a turnkey restaurant setup-with existing kitchen infrastructure, dining space, and layout ready to go-or perfect for redevelopment into a retail, mixed-use, or commercial concept. The building offers flexible zoning, ample parking, and strong traffic counts, making it a strategic site for a variety of business models. Whether you're launching your next dining concept or reimagining the site entirely, this is a property with strong bones and endless potential. Priced to sell - bring offers!
MORTGAGE CALCULATOR
$24,271
Estimate only — not a loan offer. Consult a lender for actual terms.
LISTING SNAPSHOT
Price$4,800,000
Bedrooms0
Full Baths0
Half Baths0
Inside Area (SqFt)22,647 sqft
Lot Size5 Acres
Year Built1979
MLS® Number22021733
StatusPending
Property TaxN/A
HOA/Condo/Coop FeesN/A
GENERAL
Acres5
Number Of Stories1
ParkingAsphalt, Storage, Workshop in Garage
Property Sub TypeRetail
SqFt Total22647
UtilitiesNatural Gas Connected, Sewer Connected, Water Connected
ZoningCommercial
INTERIOR
CoolingCentral Air
HeatingNatural Gas
EXTERIOR
Road FrontageState Road
RoofShingle
COMMUNITY
MLS Area5503 - Morgan - Brown
RoadsAsphalt
School DistrictMooresville Con School Corp
TownshipBrown
SCHOOLS
School DistrictMooresville Con School Corp
Middle SchoolPaul Hadley Middle School
High SchoolMooresville High School
RECENT ACTIVITY
January 22, 2026Pending
August 3, 20254800000
Listing courtesy of Your Home Team (corina@yourhometeam4life.com)
Listing courtesy of Your Home Team (317) 281-7996
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® as distributed by MLS GRID. All information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All information is believed to be reliable but is not guaranteed and should be independently verified.
Based on information submitted to the MLS GRID as of 2026-07-15 12:10 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Copyright © 2026 Metropolitan Indianapolis Board of REALTORS®. All rights reserved.
Listings courtesy of Metropolitan Indianapolis Board of REALTORS® as distributed by MLS GRID. All information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties that a consumer may be interested in purchasing. All information is believed to be reliable but is not guaranteed and should be independently verified.
Based on information submitted to the MLS GRID as of 2026-07-15 12:10 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Copyright © 2026 Metropolitan Indianapolis Board of REALTORS®. All rights reserved.
Comps
An estimate is not available for this listing.
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