Indianapolis, IN Commercial Real Estate for Lease and Sale

Explore 910 listings of Indianapolis commercial real estate to find the best space for your business.

96th St Commerce Park - Outlots

Outlots along 96th St - part of 96th St Commerce Park, Keystone at The Crossing, Indianapolis, IN
Property

Retail
For Sale Contact for pricing
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3802 and 3810 N. Franklin Rd.

3802 and 3810 N. Franklin Rd., Glicks East 38th St, Indianapolis, IN
Property

VacantLand
For Sale

$1,390,000
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1145 Shelby St.

1145 Shelby St., Fountain Square, Indianapolis, IN
Property

Retail

2,740 SF
Availability

1 Space

1,353 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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Office Coworking Retail Industrial

Office Retail Industrial Land
Downtown Office Space

1712 N Meridian St, Herron - Morton Place, Indianapolis, IN
Property

Office
Availability

1 Space

17,030 SF
For Lease Contact for pricing
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2102 E 10TH ST

2102 E 10TH ST, Windsor Park, INDIANAPOLIS, IN
Property

VacantLand
Availability

1 Space

11,325 SF
Year Built

1999
For Lease Contact for pricing
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550 N Meridian St

550 N Meridian St, North Meridian, Indianapolis, IN
Property

Office

89,100 SF
Availability

1 Space

59,400 SF
Year Built

1912
For Lease

$14.00/SF/YR
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11720 Fox Road

11720 Fox Road, Feather Cove, Indianapolis, IN
Property

Office

1,600 SF
Availability

1 Space

1,600 SF
Year Built

1988
For Lease Contact for pricing
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626 N Illinois Street

626 N Illinois Street, North Meridian, Indianapolis, IN
Property

Office

50,670 SF
Availability

4 Spaces

10,461 SF
For Lease

$18.00/SF/YR
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±130,800 SF Manufacturing Facility on ±13.69 Acres

6302 Churchman Bypass, Churchman Estates, Indianapolis, IN
Property

Industrial

130,800 SF
For Sale Contact for pricing
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Park Fletcher Building 13

5545 W Raymond St, Park Fletcher, Indianapolis, IN
Property

Industrial

32,040 SF
Availability

2 Spaces

4,802 SF
Year Built

1975
For Lease Contact for pricing
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Two Park Fletcher

5420 West Southern Avenue, Park Fletcher, Indianapolis, IN
Property

Office

83,790 SF
Availability

3 Spaces

8,338 SF
Year Built

1986
For Lease Contact for pricing
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3901 Bluff Rd

3901 Bluff Rd, North Perry, Indianapolis, IN
Property

VacantLand
For Sale

$775,000
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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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Meijer | In-Store Retail Space

5550 N. Keystone Ave., Broad Ripple, Indianapolis, IN
Property

Retail

192,000 SF
Availability

1 Space

762 SF
Year Built

2015
For Lease Contact for pricing
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Park Plaza

5705-5797 Park Plaza Ct., Allisonville, Indianapolis, IN
Property

Industrial

95,080 SF
Availability

1 Space

6,300 SF
For Lease

$10.00/SF/YR
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Naab Road Medical Center - 8220 & 8260 Naab Road

8220 Naab Road, Westchester Estates, Indianapolis, IN
Property

Office

56,173 SF
Availability

2 Spaces

13,262 SF
Year Built

1978
For Lease

$23.00/SF/YR
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5935 W 86th St., Indianapolis

5935 W 86th St., Park 100, Indianapolis, IN
Property

Office

3,627 SF
Year Built

1993
For Sale

$1,200,000
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2935 Madison Ave

2935 Madison Ave, South Village, Indianapolis, IN
Property

VacantLand
For Sale Contact Broker
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Expansive Industrial Warehouse

2051 Sherbrook Avenue, Hillside, Indianapolis, IN
Property

Industrial

41,932 SF
For Sale

$3,000,000
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Southpoint Professional Center

5152 E Stop 11 Road, Sycamore Run, Indianapolis, IN
Property

Office

51,420 SF
Availability

3 Spaces

10,600 SF
Year Built

1995
For Lease

$12.50/SF/YR
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Lacy Building

54 Monument Cir, Wholesale District, Indianapolis, IN
Property

Office

55,559 SF
Availability

2 Spaces

6,024 SF
Year Built

1930
For Lease Contact for pricing
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536 E Wabash Street

536 E Wabash Street, Cole Noble, Indianapolis, IN
Property

Office

5,130 SF
Availability

1 Space

5,130 SF
For Lease

$20.00/SF/YR
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2334 Production Drive

2334 Production Drive, Park Fletcher, Indianapolis, IN
Property

Industrial

48,896 SF
Year Built

1971
For Sale

Subject To Offer
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51 Koweba Ln | Indianapolis, IN

51 Koweba Ln, Canby Home Place, Indianapolis, IN
Property

Industrial
Availability

1 Space

53,400 SF
For Lease Contact for pricing
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± 7,568 SF Move-In Ready Space For Sale

8702 Founders Road, College Park, Indianapolis, IN
Property

Office

7,568 SF
For Sale

$1,021,000
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4601 N. Arlington Avenue

4601 N Arlington Ave, Devington, Indianapolis, IN
Property

Retail

2,024 SF
Year Built

1970
For Sale

Call For Info
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Shadeland Avenue

1739/1795 N Shadeland Avenue, Shadeland Manor, Indianapolis, IN
Property

VacantLand
For Sale

$320,000
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Modernized Freestanding Industrial Building

6500 E 30th St, Arlington Woods, Indianapolis, IN
Property

Industrial
Availability

1 Space

28,300 SF
For Lease Contact for pricing
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The Lacy Building

54 Monument Circle, Wholesale District, Indianapolis, IN
Property

Office

55,011 SF
Availability

3 Spaces

18,511 SF
Year Built

1925
For Lease Contact for pricing
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Eagle Highlands Business Center

6620-6640 Parkdale Place, The Highlands, Indianapolis, IN
Property

Office

35,238 SF
Availability

1 Space

9,272 SF
Year Built

1988
For Lease Contact for pricing
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Lakefront at Keystone - Lakefront 12

9449 Priority Way West Drive, Keystone at The Crossing, Indianapolis, IN
Property

Office

59,208 SF
Availability

5 Spaces

27,428 SF
Year Built

1995
For Lease Contact for pricing
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Eagle Highlands Office Park

6825, 6845, & 6865 Parkdale Place | 3881, 3935, 3945, & 3955 Eagle Creek Parkway, The Highlands, Indianapolis, IN
Property

Office

42,903 SF
Availability

1 Space

1,750 SF
Year Built

1989
For Lease Contact for pricing
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Bottleworks | Building 2

901 Carrollton Ave, Chatham Arch and Mass Avenue, Indianapolis, IN
Property

Office
Availability

1 Space

100,000 SF
For Lease Contact for pricing
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Eskenazi Health - Fifth Third Bank Building

640 Eskenazi Avenue, Indiana Avenue and IUPUI, Indianapolis, IN
Property

Office

273,479 SF
Availability

1 Space

1,505 SF
Year Built

2013
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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Shadeland Station Office Park - 7420-7486 Shadeland Station Way

7420 Shadeland Station Way, East Avalon Hills, Indianapolis, IN
Property

Office

48,600 SF
Availability

4 Spaces

24,025 SF
Year Built

1984
For Lease

$12.00 - $20.50/SF/YR
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Park 100 - Building 71

5250 West 76th Street, Park 100, Indianapolis, IN
Property

Industrial

193,400 SF
Availability

1 Space

25,852 SF
Year Built

1987
For Lease Contact for pricing
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± 8,130 SF Office Building Available

619 N Pennsylvania Street, St. Joseph, Indianapolis, IN
Property

Office

8,130 SF
For Sale

$1,600,000
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Downtown Heavy Industrial Complex

2058 Doctor M.L.K. Jr St, Fall Creek and 16th Street Park, Indianapolis, IN
Property

Industrial
Availability

1 Space

75,696 SF
For Lease Contact for pricing
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3250 N Post Road Bldg 300

3250 N Post Road Bldg 300, Franklin Heights, Indianapolis, IN
Property

Industrial

86,126 SF
Availability

2 Spaces

62,001 SF
Year Built

1987
For Lease Contact for pricing
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Castle Creek IV

5875 Castle Creek Pkwy, Castleton, Indianapolis, IN
Property

Office

82,430 SF
Availability

7 Spaces

43,501 SF
Year Built

1985
For Lease Contact for pricing
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Southpoint Professional Center

5150 E Stop 11 Road, Sycamore Run, Indianapolis, IN
Property

Office

51,420 SF
Availability

4 Spaces

9,750 SF
Year Built

1994
For Lease

$15.00 - $15.71/SF/YR
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6510 Shadeland Avenue

6510 Shadeland Avenue, East Avalon Hills, Indianapolis, IN
Property

Office

14,540 SF
Availability

1 Space

2,829 SF
Year Built

1973
For Lease

$19.00/SF/YR
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2334 Production Drive

2334 Production Drive, Park Fletcher, Indianapolis, IN
Property

Industrial

48,896 SF
Availability

3 Spaces

146,688 SF
Year Built

1971
For Lease

$7.50/SF/YR
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Park 100 - 5134-5160 West 81st Street

5136 West 81st Street, Park 100, Indianapolis, IN
Property

Industrial

128,820 SF
Availability

1 Space

44,800 SF
Year Built

1984
For Lease Contact for pricing
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Speedway Office

5011 West 16th Street, Speedway, IN
Property

Office

4,813 SF
Year Built

1970
For Sale

$950,000
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2902 North Meridian Street

2902 North Meridian Street, United Northwest, Indianapolis, IN
Property

Office

6,828 SF
Availability

1 Space

6,828 SF
Year Built

1911
For Lease

$17.50/SF/YR
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Nexus Impact Center
Nexus Impact Center
9511 Angola Court 2nd floor, Indianapolis, IN
Services

Open Workspace

Meeting Room
Amenities

Complimentary coffee & tea

Free water

High-speed internet

High-speed wifi

Kitchen

Lounge area

Parking

Printer

Privacy booths

Projector
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401 & 549 N. Shadeland Ave.

401 & 549 N. Shadeland Ave., East Gate, Indianapolis, IN
Property

VacantLand
For Sale

Subject To Offer
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Woodland Center I

8275 Allison Pointe Trail, Castleton, Indianapolis, IN
Property

Office

51,443 SF
Availability

2 Spaces

19,555 SF
Year Built

1990
For Lease Contact for pricing
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4557 West Bradbury Avenue

4557 West Bradbury Avenue, Mars Hill, Indianapolis, IN
Property

Industrial

111,036 SF
Availability

1 Space

64,068 SF
Year Built

1975
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 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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