Butler is immediately surrounded by a residential area, but there are a lot of things in Indianapolis that are only a short drive away.
Malls: there's a great mall downtown (15 minute drive, with REALLY cheap parking for the downtown of a city) and two malls up on 86th street (Butler's north end it around 52nd street, just for reference). Broad Ripple, which is an area about a 5 minute drive from campus also has stores, but they're more boutiques than your regular chain stores
Movie theaters: the downtown mall I just mentioned has a theatre, and 86th street also has a couple theaters. One of the closest theaters is probably on Michigan Street (maybe you should be pulling up a map!) and I would say it's about 10 minutes from campus.
Grocery Stores: there's a Marsh on the far side of Broad Ripple (corner of 62nd and Keystone if you got that map out) and there's a Meijer's on 38th. There's also a Kroger in the middle of Broad Ripple. Those are probably your three most popular options for BU students living on campus. I'm a Marsh fan myself :)
Pharmacies: there are a couple CVS's in the Broad Ripple area - the closest is probably about a 7 minute drive. There's a Walgreens on the same corner as the Marsh. Of course there are pharmacies all around Indianapolis, and you probably won't have a problem finding one if you need one.
Restraunts: my FAVORITE part of Indy is all the great restraunts, so I don't even know where to start with this! Broad Ripple has a lot of options. If you're looking for fast food, it has McDonalds and Qdoba, which are very popular with the Butler crowd. There are also your chain restraunts - Applebee's, Noodles & Co, and Buffalo Wild Wings - as well as some small unique places - check out the Corner Wine Bar, and there are some good Mexican places too. Downtown offers SO MANY good restraunts, and again, parking is cheap and easy to find, and it's only 15 to 20 minutes from campus! RAM Steakhouse is a personal favorite of mine, as is P.F. Chang's and Weber Grill. There's another P.F. Chang's up on 86th Street, which also has a lot of great restraunts. Keystone Mall on 86th has Cheesecake Factory, TGI Friday's and Maggiano's. There's also a McAllister's Deli on 86th Street. Basically, if there's any restraunt you like or any type of food you like, you'll be able to find it in Indy!