diff --git a/packages/block-editor/src/components/block-settings-menu-controls/index.js b/packages/block-editor/src/components/block-settings-menu-controls/index.js
index 8b43827605c53e..d043ae34aa0d27 100644
--- a/packages/block-editor/src/components/block-settings-menu-controls/index.js
+++ b/packages/block-editor/src/components/block-settings-menu-controls/index.js
@@ -27,15 +27,20 @@ import { BlockRenameControl, useBlockRename } from '../block-rename';
 const { Fill, Slot } = createSlotFill( 'BlockSettingsMenuControls' );
 
 const BlockSettingsMenuControlsSlot = ( { fillProps, clientIds = null } ) => {
-	const { selectedBlocks, selectedClientIds } = useSelect(
+	const { selectedBlocks, selectedClientIds, isContentOnly } = useSelect(
 		( select ) => {
-			const { getBlockNamesByClientId, getSelectedBlockClientIds } =
-				select( blockEditorStore );
+			const {
+				getBlockNamesByClientId,
+				getSelectedBlockClientIds,
+				getBlockEditingMode,
+			} = select( blockEditorStore );
 			const ids =
 				clientIds !== null ? clientIds : getSelectedBlockClientIds();
 			return {
 				selectedBlocks: getBlockNamesByClientId( ids ),
 				selectedClientIds: ids,
+				isContentOnly:
+					getBlockEditingMode( ids[ 0 ] ) === 'contentOnly',
 			};
 		},
 		[ clientIds ]
@@ -43,8 +48,10 @@ const BlockSettingsMenuControlsSlot = ( { fillProps, clientIds = null } ) => {
 
 	const { canLock } = useBlockLock( selectedClientIds[ 0 ] );
 	const { canRename } = useBlockRename( selectedBlocks[ 0 ] );
-	const showLockButton = selectedClientIds.length === 1 && canLock;
-	const showRenameButton = selectedClientIds.length === 1 && canRename;
+	const showLockButton =
+		selectedClientIds.length === 1 && canLock && ! isContentOnly;
+	const showRenameButton =
+		selectedClientIds.length === 1 && canRename && ! isContentOnly;
 
 	// Check if current selection of blocks is Groupable or Ungroupable
 	// and pass this props down to ConvertToGroupButton.
diff --git a/packages/block-editor/src/components/list-view/block-select-button.js b/packages/block-editor/src/components/list-view/block-select-button.js
index e52fc693afa79d..539fd768caa3b1 100644
--- a/packages/block-editor/src/components/list-view/block-select-button.js
+++ b/packages/block-editor/src/components/list-view/block-select-button.js
@@ -58,6 +58,15 @@ function ListViewBlockSelectButton(
 		context: 'list-view',
 	} );
 	const { isLocked } = useBlockLock( clientId );
+	const { isContentOnly } = useSelect(
+		( select ) => ( {
+			isContentOnly:
+				select( blockEditorStore ).getBlockEditingMode( clientId ) ===
+				'contentOnly',
+		} ),
+		[ clientId ]
+	);
+	const shouldShowLockIcon = isLocked && ! isContentOnly;
 	const {
 		canInsertBlockType,
 		getSelectedBlockClientIds,
@@ -339,7 +348,7 @@ function ListViewBlockSelectButton(
 							) ) }
 						</span>
 					) : null }
-					{ isLocked && (
+					{ shouldShowLockIcon && (
 						<span className="block-editor-list-view-block-select-button__lock">
 							<Icon icon={ lock } />
 						</span>
diff --git a/packages/block-editor/src/components/list-view/block.js b/packages/block-editor/src/components/list-view/block.js
index 930d0a0f80ef66..9ae6d97d63edf4 100644
--- a/packages/block-editor/src/components/list-view/block.js
+++ b/packages/block-editor/src/components/list-view/block.js
@@ -107,8 +107,8 @@ function ListViewBlock( {
 		// since that menu is part of the toolbar in the editor canvas.
 		// List View respects this by also hiding the block settings menu.
 		hasBlockSupport( blockName, '__experimentalToolbar', true ) &&
-		// Don't show the settings menu if block is disabled or content only.
-		blockEditingMode === 'default';
+		// Don't show the settings menu if block is disabled.
+		blockEditingMode !== 'disabled';
 	const instanceId = useInstanceId( ListViewBlock );
 	const descriptionId = `list-view-block-select-button__description-${ instanceId }`;