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.

Castle Creek I

8604 Allisonville Rd, Castleton, Indianapolis, IN
Property

Office

75,000 SF
Availability

2 Spaces

25,354 SF
Year Built

1979
For Lease

$19.00/SF/YR
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Commerce Park - Building 3

8770 Commerce Park Place, College Park, Indianapolis, IN
Property

Industrial
Availability

1 Space

3,556 SF
Year Built

1983
For Lease Contact for pricing
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9245 North Meridian Street

9245 North Meridian Street, College Commons, Indianapolis, IN
Property

Office

58,000 SF
Availability

1 Space

3,722 SF
Year Built

1980
For Lease Contact for pricing
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Premier Truck Terminal on ±3.79 Acres

6057 Churchman Bypass, Beech Grove, Indianapolis, IN
Property

Industrial
Availability

1 Space

6,000 SF
For Lease Contact for pricing
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What type of listing property are you looking for?

Office Coworking Retail Industrial

Office Retail Industrial Land
Commerce Park - Building 5

8857 Commerce Park Place, College Park, Indianapolis, IN
Property

Office
Availability

1 Space

599 SF
For Lease Contact for pricing
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IN, Indianapolis - S Meridian St
Spaces
47 South Meridian Street, 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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Crosspoint Corner 4

9840 Westpoint Dr, Castleton, Indianapolis, IN
Property

Office

15,600 SF
Availability

2 Spaces

3,474 SF
Year Built

1999
For Lease

$19.95/SF/YR
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One Park Fletcher

2601 Fortune Circle Drive East, Park Fletcher, Indianapolis, IN
Property

Office

96,155 SF
Availability

10 Spaces

49,404 SF
Year Built

1981
For Lease Contact for pricing
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Crosspoint VIII

7998 Centerpoint Dr, Castleton, Indianapolis, IN
Property

Industrial

25,695 SF
Availability

1 Space

25,013 SF
Year Built

1998
For Lease

$8.75/SF/YR
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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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10310 E US Hwy 136

10310 E Us Highway 136, Clermont Lakes, Indianapolis, IN
Property

VacantLand
For Sale

$3,000,000
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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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Park Fletcher Building 17

1810 South Lynhurst Drive, Drexel Gardens, Indianapolis, IN
Property

Industrial

135,000 SF
Availability

5 Spaces

59,770 SF
For Lease Contact for pricing
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6101-6119 Guion Road

6101 Guion Road, Oakforge Woods, Indianapolis, IN
Property

Industrial

69,600 SF
Availability

1 Space

4,800 SF
Year Built

1977
For Lease

$10.50/SF/YR
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1919 Madison Ave

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

VacantLand
For Sale

$1,000,000
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10610 North Park Avenue

10610 North Park Avenue, College Heights, Carmel, IN
Property

Office

1,935 SF
Availability

1 Space

1,534 SF
Year Built

1935
For Lease

$20.00/SF/YR
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9910-9994 East Washington Street

9910-9994 East Washington Street, Easton, Indianapolis, IN
Property

Retail

60,630 SF
Availability

3 Spaces

4,200 SF
Year Built

1978
For Lease Contact for pricing
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Lakefront 71

9450-9500 Priority Way W Dr, Keystone at The Crossing, Indianapolis, IN
Property

Office

30,009 SF
Availability

1 Space

3,464 SF
Year Built

1979
For Lease

$20.50/SF/YR
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Keystone at the Crossing - 9100 Keystone Crossing

9100 Keystone Crossing, Keystone at The Crossing, Indianapolis, IN
Property

Office

173,182 SF
Availability

8 Spaces

69,163 SF
Year Built

1984
For Lease Contact for pricing
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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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Coastal Corporate Center Vincennes

4030 Vincennes Road, College Park, Indianapolis, IN
Property

Office

121,000 SF
Availability

4 Spaces

60,362 SF
Year Built

1988
For Lease Contact for pricing
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Lakefront at Keystone
HQ
9465 Counselors Row Suite 200, 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
View Details (opens in new window)
Seven Parkwood Crossing

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

Office

89,178 SF
Availability

3 Spaces

21,588 SF
Year Built

2000
For Lease Contact for pricing
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9201 N Meridian Street

9201 N Meridian Street, College Commons, Indianapolis, IN
Property

Office

22,000 SF
Availability

2 Spaces

7,299 SF
Year Built

1999
For Lease

$19.50/SF/YR
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Infill Location with Immediate I-65 Access

4641 Lafayette Rd, Lafayette Square, Indianapolis, IN
Property

Industrial
Availability

1 Space

110,000 SF
For Lease Contact for pricing
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Prime Space Available in the Heart of Downtown Indy

241 N Pennsylvania St, North Meridian, Indianapolis, IN
Property

Office
Availability

1 Space

5,579 SF
For Lease Contact for pricing
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8445 Keystone Crossing

8445 Keystone Crossing, Keystone at The Crossing, Indianapolis, IN
Property

Office

28,929 SF
Availability

1 Space

1,640 SF
For Lease

$19.75/SF/YR
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Blue Lake Industrial Park

3023 W Morris Street, Morris Park, Indianapolis, IN
Property

VacantLand
For Sale

$8,000,000
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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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Castleton Park - Building 47

8085 Knue Road, Castleton, Indianapolis, IN
Property

Office

51,570 SF
Availability

1 Space

27,126 SF
Year Built

1982
For Lease Contact for pricing
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Regions Tower Retail

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

Retail

658,600 SF
Availability

4 Spaces

11,712 SF
For Lease Contact for pricing
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15,000 SF Industrial Building on +/- 1 Acre

4730 Industrial Parkway, Bechtold, Lawrence, IN
Property

Industrial

15,248 SF
Year Built

1987
For Sale

$1,150,000
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Emmis Broadcasting

40 Monument Cir, Wholesale District, Indianapolis, IN
Property

Office

139,906 SF
Year Built

1999
For Sale Contact for pricing
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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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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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Fully Leased C4 Stand Alone Building

36 East Troy Avenue, South Village, Indianapolis, IN
Property

Retail

1,728 SF
For Sale

$340,000
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Corporate Center North - Building 4

6026-6036 Lakeside Blvd, Quail Ridge, Indianapolis, IN
Property

Industrial

88,874 SF
Availability

1 Space

31,654 SF
Year Built

1985
For Lease

$9.50/SF/YR
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Lake Pointe Center III

8470 Allison Pointe Blvd, Castleton, Indianapolis, IN
Property

Office

89,000 SF
Availability

3 Spaces

31,763 SF
Year Built

2000
For Lease Contact for pricing
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Victory Commerce Park - Building A

4725 Victory Ln, I65 - South Emerson, Indianapolis, IN
Property

Industrial
Availability

1 Space

345,047 SF
Year Built

2022
For Lease Contact for pricing
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Market Tower

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

Office

515,000 SF
Availability

15 Spaces

103,782 SF
Year Built

1988
For Lease

$28.00/SF/YR
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5005 East Stop 11 Road

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

Office

4,020 SF
Year Built

2005
For Sale

$1,200,000
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2507 N Delaware Street

2507 N Delaware St, Fall Creek Place, Indianapolis, IN
Property

Office

2,829 SF
Availability

1 Space

1,950 SF
Year Built

2007
For Lease

$25.99/SF/YR
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Ranac Building

4181 East 96th Street, Keystone at The Crossing, Indianapolis, IN
Property

Office

28,000 SF
Availability

3 Spaces

15,540 SF
Year Built

1989
For Lease Contact for pricing
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Methodist Professional Center

1801 North Senate Blvd, Herron - Morton Place, Indianapolis, IN
Property

Office

150,000 SF
Availability

4 Spaces

9,696 SF
Year Built

1985
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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3120 North Post Road

3120 North Post Road, Franklin Heights, Indianapolis, IN
Property

Industrial

175,763 SF
Availability

1 Space

57,567 SF
Year Built

1982
For Lease Contact for pricing
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Shadeland Station Office Park - 7321 Shadeland Station Way

7321 Shadeland Station Way, East Avalon Hills, Indianapolis, IN
Property

Office

30,230 SF
Availability

2 Spaces

15,180 SF
Year Built

1983
For Lease

$19.00/SF/YR
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Park Fletcher Building 2

5730 Dividend Rd, Drexel Gardens, Indianapolis, IN
Property

Industrial

40,826 SF
Availability

1 Space

18,150 SF
Year Built

1975
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
Availability

1 Space

67,082 SF
Year Built

1987
For Lease Contact for pricing
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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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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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Freestanding Office Building

5410 Emerson Way, Millersville, Indianapolis, IN
Property

Office
Availability

1 Space

3,500 SF
Year Built

1972
For Lease Contact for pricing
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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 29,439,963 square feet. The market offers 299 active office listing(s), which amount to 8,058,030 square feet and account for 46% of commercial spaces on the market. Local retail availability includes 1,902,253 square feet across 125 retail space(s). Industrial space for rent opportunities in Indianapolis amount to 14,432,321 square feet across a total of 182 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	299	8,058,030
Retail	125	1,902,253
Industrial	182	14,432,321
Other	41	5,047,359

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 17,606,774 square feet of commercial property for sale here , which includes 66 office building(s) for sale , 25 retail investment opportunity listing(s) , and 39 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	66	2,371,987
Retail	25	10,641,843
Industrial	39	1,739,925
Other	66	2,853,020

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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