Indianapolis, IN Commercial Real Estate for Lease and Sale

Explore 909 listings of Indianapolis commercial real estate to find the best space for your business.

Market Tower

10 West Market Street, North Meridian, Indianapolis, IN
Property

Office

515,000 SF
Availability

16 Spaces

122,169 SF
Year Built

1988
For Lease

$28.00/SF/YR
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Progressive Office Space Available — Intech Ten

6640 Intech Blvd, Speights, Indianapolis, IN
Property

Office
Availability

1 Space

30,737 SF
For Lease Contact for pricing
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5641 E. 86th St.

5641 E. 86th St., Castleton, Indianapolis, IN
Property

Retail

3,200 SF
Availability

1 Space

3,200 SF
For Lease Contact for pricing
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Ten Fortune Park

3905 Vincennes Road, College Park, Indianapolis, IN
Property

Office

101,069 SF
Availability

4 Spaces

8,176 SF
Year Built

1986
For Lease Contact for pricing
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Office Coworking Retail Industrial

Office Retail Industrial Land
3145 Dr Andrew J Brown Ave

3145 Dr Andrew J Brown Ave, Oakhill, Indianapolis, IN
Property

Office

8,460 SF
Availability

1 Space

6,000 SF
Year Built

1940
For Lease Contact for pricing
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3003 Kentucky Avenue

3003 Kentucky Avenue, Mars Hill, Indianapolis, IN
Property

Office

2,458 SF
Year Built

1957
For Sale

$400,000
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Park 421

4305-4353 W 96th St, College Park, Indianapolis, IN
Property

Industrial
Availability

1 Space

2,500 SF
For Lease Contact for pricing
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1919 Madison Ave

1919 Madison Ave, Bates - Hendricks, Indianapolis, IN
Property

VacantLand
Availability

1 Space

215,970 SF
For Lease

$12,000.00/MO
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Premier Truck Terminal on ±3.79 Acres

6057 Churchman Bypass, Beech Grove, Indianapolis, IN
Property

Industrial

6,000 SF
For Sale

$2,495,000
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Vacant Land Available at 2855 N Franklin Rd

2855 N Franklin Rd, Eastwood, Indianapolis, IN
Property

Industrial
For Sale

$2,719,500
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Castle Point Trade Center

8621-8677 Bash St, Castleton, Indianapolis, IN
Property

Industrial
Availability

1 Space

4,584 SF
For Lease Contact for pricing
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Parkstone Office Center

9002 Purdue Rd., College Park, Indianapolis, IN
Property

Office

202,000 SF
Availability

14 Spaces

63,550 SF
Year Built

1984
For Lease Contact for pricing
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MetroCentre

6330 E 75th St, Ivy Hills, Indianapolis, IN
Property

Industrial
Availability

1 Space

5,923 SF
For Lease Contact for pricing
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Castle Creek VI

5975 Castle Creek Pkwy N Dr, Castleton, Indianapolis, IN
Property

Office

99,668 SF
Availability

5 Spaces

29,332 SF
Year Built

1989
For Lease Contact for pricing
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BMO Plaza

135 North Pennsylvania Street, North Meridian, Indianapolis, IN
Property

Office

442,000 SF
Availability

18 Spaces

95,368 SF
Year Built

1988
For Lease Contact for pricing
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10820 e 21ST St, Other, IN 46229

10820 E 21st St, Heather Hills, Other, IN
Property

Other
For Sale

$149,900
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Parkwood Crossing Center
Regus
450 East 96th Street Suite 500, Indianapolis, IN
Services

Virtual Office

Open Workspace

Private Office

Dedicated Desk
Amenities

24/7 security

Access to global network

Business address

Business lounge

Cleaning services

Ergonomic furniture

Lounge area

Mail services

Money-back guarantee

Office furniture
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Georgetown Commerce Park

7301 Georgetown Rd, New Augusta, Indianapolis, IN
Property

Industrial
Availability

1 Space

3,663 SF
For Lease Contact for pricing
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5343 Commerce Square Drive

5343 Commerce Square Drive, Sycamore Run, Indianapolis, IN
Property

Industrial

61,377 SF
Availability

1 Space

61,337 SF
Year Built

1998
For Lease Contact for pricing
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±14,366 to ±67,082 SF Available

7337 W Washington St, Washington Industrial Park, Indianapolis, IN
Property

Industrial

72,347 SF
Year Built

1987
For Sale Contact for pricing
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3502 Woodview Trace

3502 Woodview Trace, College Park, Indianapolis, IN
Property

Office

120,000 SF
Availability

1 Space

8,300 SF
Year Built

1980
For Lease

$19.50/SF/YR
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47 South Pennsylvania Street

47 South Pennsylvania Street, The Canal and White River State Park, Indianapolis, IN
Property

Office

85,110 SF
Availability

5 Spaces

22,461 SF
For Lease Contact for pricing
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Linwood Square Shops

4477-4481 East 10th Street, Grace Tuxedo, Indianapolis, IN
Property

Retail

6,210 SF
Availability

2 Spaces

4,058 SF
For Lease Contact for pricing
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7340 Shadeland Station Way

7340 Shadeland Station Way, East Avalon Hills, Indianapolis, IN
Property

Office

33,734 SF
Availability

1 Space

15,501 SF
Year Built

1989
For Lease Contact for pricing
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1311 West 96th Street

1311 West 96th Street, Williston Green, Indianapolis, IN
Property

Office

24,800 SF
Year Built

1981
For Sale

$3,125,000
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Keystone at the Crossing - 8900 Keystone Crossing

8900 Keystone Crossing, Keystone at The Crossing, Indianapolis, IN
Property

Office

239,610 SF
Availability

21 Spaces

116,319 SF
Year Built

1978
For Lease Contact for pricing
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777 E 86th St

777 E 86th St, Central Nora, Indianapolis, IN
Property

Office

2,810 SF
Year Built

1981
For Sale

$599,999
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Live - Work - Play Opportunity in Broad Ripple

5255 Winthrop Ave, Forest Hills, Indianapolis, IN
Property

Other
Availability

1 Space

15,689 SF
For Lease Contact for pricing
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865 N German Church Rd

865 N German Church Rd, Cumberland, Indianapolis, IN
Property

VacantLand
For Sale

$229,000
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3808 Shelby St

3808 Shelby St, North Perry, Indianapolis, IN
Property

Retail

10,344 SF
For Sale Contact Broker
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Willowbrook IV

4701 N. Keystone Ave., Lake Maxinhall Estates, Indianapolis, IN
Property

Office

77,595 SF
Availability

3 Spaces

7,356 SF
Year Built

1970
For Lease

$16.00/SF/YR
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4760 Kingsway Drive

4760 Kingsway Drive, Lake Maxinhall Estates, Indianapolis, IN
Property

Office

11,000 SF
Availability

1 Space

2,500 SF
For Lease

$19.99/SF/YR
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62nd & Keystone

2113 E 62nd St, Broad Ripple, Indianapolis, IN
Property

Retail

2,445 SF
Availability

1 Space

2,445 SF
Year Built

2007
For Lease

$34.00/SF/YR
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5005 East Stop 11 Road

5005 East Stop 11 Road, Greenbrooke, Indianapolis, IN
Property

Office

4,020 SF
Availability

1 Space

4,020 SF
Year Built

2005
For Lease

$21.00/SF/YR
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Three Parkwood Crossing

450 East 96th Street, College Commons, Indianapolis, IN
Property

Office

123,464 SF
Availability

1 Space

7,046 SF
Year Built

1997
For Lease Contact for pricing
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980 N. Shadeland Avenue

980 N. Shadeland Avenue, Irvington, Indianapolis, IN
Property

Retail

123 SF
Availability

1 Space

123 SF
For Lease Contact for pricing
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130 East Washington

130 E Washington St Indianapolis 46204 USA, North Meridian, Indianapolis, IN
Property

Office
Availability

1 Space

34,431 SF
Year Built

1923
For Lease Contact for pricing
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±137,466 SF Available for Sublease

333 S Franklin Rd, Bullman Home Place, Indianapolis, IN
Property

Industrial
Availability

1 Space

137,466 SF
For Lease Contact for pricing
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3753-3765 N Post Rd

3753-3765 N Post Rd, North Eastwood, Indianapolis, IN
Property

Retail

8,481 SF
For Sale

$950,000
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Brougher Plaza

2960 N Meridian St, United Northwest, Indianapolis, IN
Property

Office

195,000 SF
Availability

8 Spaces

81,694 SF
Year Built

1963
For Lease

$17.50/SF/YR
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Development Opportunity Adjacent to Intech Park

6465-6525 Shanghai Rd, Speights, Indianapolis, IN
Property

Other
For Sale Contact for pricing
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5641 E. 86th St.

5641 E. 86th St., Castleton, Indianapolis, IN
Property

Retail

3,200 SF
For Sale Contact Broker
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6925 S Franklin Rd

6925 S Franklin Rd, Franklin Place, Indianapolis, IN
Property

Retail

10,800 SF
Availability

3 Spaces

5,400 SF
Year Built

2023
For Lease

$28.00 - $32.00/SF/YR
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±15,000 SF on ±1 Acre

320 Transfer Dr, Chapel Hill, Indianapolis, IN
Property

Industrial
Availability

1 Space

15,000 SF
For Lease Contact for pricing
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10609 Park Avenue

10609 Park Avenue, College Heights, Carmel, IN
Property

Office

4,000 SF
Availability

1 Space

4,000 SF
For Lease

$19.50/SF/YR
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9100 Meridian Square Bldg 50

50 E 91st St, College Commons, Indianapolis, IN
Property

Office

36,138 SF
Availability

2 Spaces

7,080 SF
Year Built

1974
For Lease

$21.50/SF/YR
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Dollar General

8760 Southeastern Ave, Marlin Meadows, Indianapolis, IN
Property

Retail

9,600 SF
Year Built

1988
For Sale

$1,055,000
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Directors Row - Building 2401

2401 Directors Row, Park Fletcher, Indianapolis, IN
Property

Industrial
Availability

1 Space

19,730 SF
For Lease Contact for pricing
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2211 Prospect St

2211 Prospect St, Atkinson, Indianapolis, IN
Property

Retail

8,140 SF
Availability

1 Space

8,140 SF
For Lease Contact for pricing
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30 South

30 S Meridian St, Wholesale District, Indianapolis, IN
Property

Office

296,173 SF
Availability

2 Spaces

18,743 SF
Year Built

1905
For Lease

$17.00/SF/YR
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16th Street Commercial Park - 1645 Industry Dr

1645 Industry Dr, Windsor Village, Indianapolis, IN
Property

Industrial
Availability

1 Space

25,380 SF
For Lease Contact for pricing
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PetSmart | Brand New 12 Year Lease Extension

5151 E 82nd St, Allisonville, Indianapolis, IN
Property

Other

26,290 SF
For Sale

$7,836,000
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The Indianapolis commercial real estate market incorporates 25,744,816 square feet of office space across 370 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis. In Indianapolis, the coworking segment of the commercial real estate market incorporates about 2,395 square feet.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The Indianapolis commercial real estate market includes 19,630,586 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the Indianapolis market, there is a total of 20,550,713 square feet of industrial property.

The listing inventory in Indianapolis incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in Indianapolis is represented by Industrial space, which accounts for 15,823,831 square feet of available listings. Office space available in Indianapolis adds up to 8,197,771 square feet.

Meanwhile, most of the listings of commercial property for sale in Indianapolis are in the Office category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in Indianapolis is $19.45 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in Indianapolis can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset. What’s more, each commercial property type makes its own rent market: while the average rent for office space rested at $20.84 per square foot, industrial space in Indianapolis saw average rents of $7.22 per square foot.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in Indianapolis, depending on the property type you are interested in. The highest concentration of commercial space listings of any kind in Indianapolis is in the North Meridian neighborhood. But if we look at each commercial property type, we find that for office space, the best location is the North Meridian area.

Meanwhile, retail space opportunities are most abundant in the Castleton submarket. Alternatively, if you are looking for warehouse or other industrial space, consider looking at listings in Park 100.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $58 per square foot. In particular, the property type commanding the highest lease rates in Indianapolis was Retail space.

Conversely, the highest sale price last year was $18,000,000 that is located at 8711 River Crossing Blvd.

The average size of a commercial property in Indianapolis depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In Indianapolis, the average size of an office property is 88,168 square feet.
Retail properties here incorporate an average of 142,251 square feet.
Industrial space in Indianapolis is in buildings that are, on average 163,101 square feet in size.

Indianapolis, IN Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in Indianapolis currently add up to 30,890,522 square feet. The market offers 310 active office listing(s), which amount to 8,290,812 square feet and account for 46% of commercial spaces on the market. Local retail availability includes 2,034,984 square feet across 130 retail space(s). Industrial space for rent opportunities in Indianapolis amount to 15,540,335 square feet across a total of 190 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	310	8,290,812
Retail	130	2,034,984
Industrial	190	15,540,335
Other	40	5,024,391

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in Indianapolis, IN. Currently, there is 19,466,758 square feet of commercial property for sale here , which includes 63 office building(s) for sale , 26 retail investment opportunity listing(s) , and 42 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	63	2,547,904
Retail	26	10,607,120
Industrial	42	2,724,613
Other	68	3,587,122

Indianapolis, IN Commercial Real Estate Market Overview

The statistical metropolitan area that has grown from and around Indianapolis is home to more than 2 million residents. Although frequently overlooked in rankings of the country’s strongest labor markets due to its traditionally more modest growth rates, Indianapolis stands as one of the most important economic engines in the midwestern region. Top sectors of the city’s diverse economy include finance; insurance; manufacturing; professional and business services; and healthcare.

Following the decline in heavy manufacturing at the close of the great Industrial Age, services replaced manufacturing as the largest sector of the local economy. In particular, biological sciences became a main focus of development efforts. Indianapolis commercial real estate caters to a diverse mix of industries and is home to leading producers of pharmaceuticals, musical instruments, electrical products and mobile phones. Real estate, insurance and financial services are the main drivers of the services sector, followed by professional and technical services.

Indianapolis, IN Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in Indianapolis, IN?

What factors affect the price of commercial real estate in Indianapolis, IN?

What is the average rent for commercial space in Indianapolis, IN?

What are the best areas for commercial real estate in Indianapolis, IN?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in Indianapolis, IN?

Indianapolis, IN Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

Indianapolis, IN Commercial Real Estate Market Overview

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