Key facts
- Living area
- 22,647 sqft
- Lot
- 5 acres
- Year built
- 1979
- Type
- Commercial Sale · Retail
- MLS #
- 22021733
- County
- Morgan
- Total building area
- 22,647 sqft
About this home
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!
Description provided by the listing brokerage.
Exterior
- Roof
- Parking and garage
Systems
- Heating
- Cooling
- Utilities
Lot and HOA
- Zoning
- Commercial
Schools
- Middle school
- Paul Hadley Middle School
- High school
- Mooresville High School
- School district
- Mooresville Con School Corp
Taxes
- Estimated annual tax
- $19,292 / yearTwice the semi-annual installment the listing reports.
- Tax year
- 2023
Estimate your monthly payment
Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.
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