Indianapolis, IN Commercial Real Estate for Lease and Sale

Explore 907 listings of Indianapolis commercial real estate to find the best space for your business.

4005 E Southport Rd

4005 E Southport Rd, Holly Hills, Indianapolis, IN
Property

VacantLand

3.67 Acre
Availability

1 Space

1.68 Acre
For Lease Contact for pricing
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North Mass Timber

1255 Roosevelt Avenue, Windsor Park, Indianapolis, IN
Property

Office

100,000 SF
Availability

1 Space

60,000 SF
For Lease Contact for pricing
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North and South Bound Visibility on Meridian Street

9302 N Meridian St, Park Meridian, Indianapolis, IN
Property

Office
Availability

1 Space

5,969 SF
For Lease Contact for pricing
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Corporate Center North - Building 11

5645-5665 W 79th St, Park 100, Indianapolis, IN
Property

Industrial

42,140 SF
Availability

1 Space

9,552 SF
Year Built

1988
For Lease

$11.50/SF/YR
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Office Coworking Retail Industrial

Office Retail Industrial Land
4545 Lafayette Road

4545 Lafayette Road, Lafayette Square, Indianapolis, IN
Property

Retail

197,582 SF
Availability

1 Space

4,500 SF
Year Built

2008
For Lease Contact for pricing
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Massala Building

310 N Alabama Street, Chatham Arch and Mass Avenue, Indianapolis, IN
Property

Office
Availability

1 Space

4,828 SF
Year Built

1897
For Lease Contact for pricing
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3324 Prospect St

3324 Prospect St, Norwood Place, Indianapolis, IN
Property

Unassigned
For Sale

$400,000
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Washington Market

10409 East Washington Street, Irongate, Indianapolis, IN
Property

Retail

91,949 SF
Availability

1 Space

4,140 SF
Year Built

1989
For Lease Contact for pricing
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Madera

6420 Ferguson Street, Broad Ripple, Indianapolis, IN
Property

Office

65,252 SF
Availability

3 Spaces

48,939 SF
For Lease Contact for pricing
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6415 Castleway Drive

6415 Castleway Drive, Castleton, Indianapolis, IN
Property

Office

25,868 SF
For Sale Contact for pricing
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Coastal Corporate Center Vincennes

4030 Vincennes Road, College Park, Indianapolis, IN
Property

Office

121,892 SF
Year Built

1988
For Sale Contact for pricing
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1842 Ludlow Ave

1842 Ludlow Ave , Spades Park, Indianapolis, IN
Property

Industrial

22,472 SF
Availability

1 Space

22,472 SF
For Lease Contact for pricing
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Uptown Village Land Site

9502 Uptown Drive, Castleton, Indianapolis, IN
Property

Unassigned
For Sale

$568,750
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5285 E 38th St

5285 E 38th St, Audubon Gardens, Indianapolis, IN
Property

Retail

8,320 SF
Availability

1 Space

8,320 SF
Year Built

2016
For Lease Contact for pricing
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Lincoln Business Park

1354 Sadlier Cir W Dr, Glenroy Village, Indianapolis, IN
Property

Industrial
Availability

1 Space

33,818 SF
For Lease Contact for pricing
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For Mixed-Use, Multi-Family or Office Redevelopment

534 N Capitol Ave, North Meridian, Indianapolis, IN
Property

Office

0.54 Acre
For Sale Contact for pricing
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4705-4825 East 96th Street

4705-4825 East 96th Street, Keystone at The Crossing, Indianapolis, IN
Property

Retail

3,209 SF
Availability

1 Space

3,209 SF
For Lease Contact for pricing
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130 S Meridian St

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

Office

729,981 SF
Availability

2 Spaces

100,000 SF
Year Built

1995
For Lease Contact for pricing
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Ameriplex Business Park

6100 South County Road, Ameriplex, Indianapolis, IN
Property

Industrial

513,000 SF
Availability

1 Space

513,000 SF
For Lease Contact for pricing
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6930 Atrium Boardwalk South

6930 Atrium Boardwalk S., Bayview, Indianapolis, IN
Property

Office

12,870 SF
For Sale Contact for pricing
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Rare C7 Hard Corner on Pendleton Pike

10242 Pendleton Pike, Wynfield, Indianapolis, IN
Property

VacantLand

76,230 SF
For Sale

Subject To Offer
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Avon Landings Commerce Park Building I

2516 Logistics Way, Clermont Lakes, Avon, IN
Property

Industrial

332,240 SF
Availability

1 Space

174,416 SF
Year Built

2023
For Lease

$6.75/SF/YR
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Woodland Corporate Park III

7835 Woodland Drive, Park 100, Indianapolis, IN
Property

Office

70,189 SF
Year Built

1997
For Sale 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 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

4005 E Southport Rd

North Mass Timber

North and South Bound Visibility on Meridian Street

Corporate Center North - Building 11

4545 Lafayette Road

Massala Building

3324 Prospect St

Washington Market

Madera

6415 Castleway Drive

Coastal Corporate Center Vincennes

1842 Ludlow Ave

Uptown Village Land Site

5285 E 38th St

Lincoln Business Park

For Mixed-Use, Multi-Family or Office Redevelopment

4705-4825 East 96th Street

130 S Meridian St

Ameriplex Business Park

6930 Atrium Boardwalk South

Rare C7 Hard Corner on Pendleton Pike

Avon Landings Commerce Park Building I

Woodland Corporate Park III

Frequently Asked Questions

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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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

Other Popular Searches

Popular Coworking Searches

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Popular Retail Searches

Popular Industrial Searches

About us