Skip to main contentSkip to navigation
1 / 28
Images
Map
Street

Improved Mixed-Use Land for Sale in Speedway, Indiana

5211 W 10th St, Speedway, IN 46224

$2,199,000
2.65 acres
Active
Est $12,186/mo

Welcome to the heart of Speedway - where small-town charm meets world-famous racing heritage! Nestled just steps from the iconic Indianapolis Motor Speedway and the beloved MugnBun Drive-In, this property offers the rare blend of historic character, walkability, and cultural richness that defines Speedway living. Enjoy the aroma of fresh root beer floats and hand-breaded tenderloins drifting through your windows during race season, and be part of a tight-knit community that celebrates both tradition and progress. Whether you're a homebuyer seeking timeless Midwestern charm or an investor looking to tap into one of Indy's most unique neighborhoods, this is your chance to own a piece of the trackside legacy. Highlights include: -Prime location - walk to Mug-n-Bun, IMS, & Main Street -Easy access to downtown Indy & I465 -Steps from parades, festivals, and race-day excitement -Own property in one of Indiana's most culturally rich zip codes This is your rare opportunity to own a booming, iconic restaurant business on nearly 2.50 acres in the heart of Speedway. The legendary Mug-N-Bun Drive-In has been a local institution for decades, known for its loyal customer base, timeless menu, and proven track record of solid income. The offering includes four parcels of land, featuring: -A classic drive-up restaurant -A sit-down dining facility -A fully equipped pizza shop -An on-site residence for owner-occupancy or rental potential This is a turnkey acquisition: the purchase includes the real estate, established business, all furniture, fixtures, and equipment - everything needed to continue or expand this iconic operation. Located just minutes from the Indianapolis Motor Speedway, this property is perfectly positioned to benefit from race-day crowds, neighborhood traffic, and the vibrant culture of Speedway. Whether you're an experienced restaurateur or an investor looking for a high-visibility, income-generating asset - this could be the one.

5,497
Sq feet
1960
Built

Location

Street address
5211 W 10th St
Community
Marion - Wayne
School district
School Town of Speedway
Elevation
716 feet
Coordinates
39.7793, -86.2487

Property details

Acreage
2.65 acres
Zoning
I2
MLS #
MIBOR 22053576
Posted

Parcels

  • 491106100005000914

Legal description

Details and features

Listing

Type
Commercial Sale
Subtype
Retail
Franchise
RE/MAX International

Structure

Style
Other

Listing history

DateEventPriceChangeSource
July 30, 2025New listing$2,199,000MIBOR
Subscribe to listing updates

Payment calculator

This 2.65-acre property is located at 5211 W 10th St in Speedway, IN 46224. The property is available for sale for $2,199,000. It has a 5,497 sq ft structure built in 1960.

Checked 1 hour ago — Updated

Report listing issue

Copyright (C) 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Contact listing agent Message rules
By submitting, I agree to the terms of use and to be contacted by real estate professionals. Message and data rates may apply.
Contact