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$4,800,000
180 Days On Site

555 S Indiana Street
Mooresville, IN 46158

For Sale|Retail|Active
0
Beds
0
Total Baths
22,647
SqFt
$212
/SqFt
1979
Built
County:
Morgan
Listing courtesy of Your Home Team 3172817996

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555 S Indiana Street555 S Indiana Street555 S Indiana Street555 S Indiana Street
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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!

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Listing Snapshot
Price 
$4,800,000
Days On Site 
180 Days
Bedrooms 
N/A
Inside Area (SqFt) 
22,647 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
5 Acres
Year Built 
1979
MLS® Number 
22021733
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoStatus changed to Active
2 weeks agoPrice changed to $4,800,000
2 weeks agoListing updated with changes from the MLS®
6 months agoListing first seen on site
General Features
Acres 
5
Number Of Stories 
1
Parking 
AsphaltStorageWorkshop in Garage
Property Sub Type 
Retail
SqFt Total 
22647
Utilities 
Natural Gas ConnectedSewer ConnectedWater Connected
Zoning 
Commercial
Interior Features
Cooling 
Central Air
Heating 
Natural Gas
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Exterior Features
Road Frontage 
State Road
Roof 
Shingle
Community Features
MLS Area 
5503 - Morgan - Brown
Roads 
Asphalt
School District 
Mooresville Con School Corp
Township 
Brown
Schools
School District
Mooresville Con School Corp
Elementary School
Unknown
Middle School
Paul Hadley Middle School
High School
Mooresville High School
Listing courtesy of Your Home Team 3172817996



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 2025-08-14 11:33 PM 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 © 2025 Metropolitan Indianapolis Board of REALTORS®. All rights reserved.

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