Indianapolis, IN Commercial Real Estate for Lease and Sale

Explore 911 listings of Indianapolis commercial real estate to find the best space for your business.

John Marshall Property

10101 E 38th St, Eastbrooke Meadows, Indianapolis, IN
Property

Other

342,062 SF
Year Built

1968
For Sale

Subject To Offer
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Office/Medical Space along Medical Corridor

9240 N Meridian St, Park Meridian, Indianapolis, IN
Property

Office
Availability

1 Space

10,097 SF
For Lease Contact for pricing
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Flex Building For Sale — Within Downtown's Square Mile

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

Industrial

17,160 SF
For Sale Contact for pricing
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The Midway Building

5770 Decatur Blvd, Ameriplex, Indianapolis, IN
Property

Industrial

77,806 SF
Availability

1 Space

77,806 SF
Year Built

2004
For Lease Contact for pricing
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Office Coworking Retail Industrial

Office Retail Industrial Land
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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For Sale | ± 150,000 SF Class A Building

4040 Vincennes Cir, College Park, Indianapolis, IN
Property

Office

154,197 SF
Year Built

1988
For Sale Contact for pricing
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The Landings at Keystone II

9045 River Rd, Keystone at The Crossing, Indianapolis, IN
Property

Office

122,679 SF
Availability

3 Spaces

28,270 SF
Year Built

2008
For Lease

$25.50/SF/YR
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The Tinker Building

1101 E 16th St, Reagan Park, Indianapolis, IN
Property

Office

20,650 SF
Availability

1 Space

6,752 SF
Year Built

1914
For Lease

$25.00/SF/YR
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3416-3520 S. Post Rd.

3416-3520 S. Post Rd., Raymond Park, Indianapolis, IN
Property

VacantLand
For Sale

$6,000,000
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PNC Center

101 West Washington Street, Wholesale District, Indianapolis, IN
Property

Office

636,550 SF
Availability

18 Spaces

130,500 SF
Year Built

1976
For Lease Contact for pricing
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Geist Marina Village Shoppes

11691-11695 Fall Creek Road, Bridgewater, Indianapolis, IN
Property

Office

17,380 SF
Availability

1 Space

2,222 SF
For Lease Contact for pricing
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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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8800 E 21st Street

8800 E 21st Street, Trinity Manor, Indianapolis, IN
Property

VacantLand
For Sale

$175,000
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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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722 Ketcham Street

722 Ketcham Street , Haughville, Indianapolis, IN
Property

Industrial

5,704 SF
Availability

2 Spaces

5,704 SF
For Lease

$9.75/SF/YR
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4351-4375 Sellers Street, Near Northeast Business Center

4351-4375 Sellers Street, Allen and Sellers, Indianapolis, IN
Property

Industrial

31,192 SF
Availability

1 Space

10,000 SF
Year Built

1966
For Lease Contact for pricing
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1213 N Arlington Ave

1213 N Arlington Ave, Arlington Heights, Indianapolis, IN
Property

Office

32,036 SF
Year Built

1971
For Sale

$2,900,000
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Endcap with Drive Thru Potential

10863 E. Washington Street, Creekside Woods, Indianapolis, IN
Property

Retail

25,000 SF
Availability

1 Space

4,824 SF
For Lease Contact for pricing
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300 North Meridian

300 North Meridian Street, North Meridian, Indianapolis, IN
Property

Office

336,000 SF
Availability

12 Spaces

87,799 SF
Year Built

1989
For Lease

$26.00/SF/YR
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10330 North Meridian Street

10330 North Meridian Street, The Reserve at Springmill, Indianapolis, IN
Property

Office

246,481 SF
Availability

4 Spaces

201,345 SF
Year Built

1994
For Lease Contact for pricing
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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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80-Door Truck Terminal and Maintenance Facility on ±10.07 acres

2612 W Morris St, Belmont, Indianapolis, IN
Property

Industrial
Availability

1 Space

45,591 SF
For Lease Contact for pricing
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8945 N Meridian St

8945 N Meridian St, Pennsylvania Heights, Indianapolis, IN
Property

Office

25,345 SF
Availability

1 Space

5,947 SF
For Lease

$20.00/SF/YR
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Girls School Business Park

7125 Girls School Ave, Bailey Highlands, Indianapolis, IN
Property

Industrial
Availability

1 Space

4,200 SF
For Lease Contact for pricing
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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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1213 N Arlington Ave

1213 N Arlington Ave, Arlington Heights, Indianapolis, IN
Property

Office

32,036 SF
Availability

1 Space

32,036 SF
Year Built

1971
For Lease

$16.50/SF/YR
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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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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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Castleton Park - Buildings 32, 36, 37 & 38

6345 Castleway Court, Castleton, Indianapolis, IN
Property

Office

83,430 SF
Availability

3 Spaces

44,756 SF
Year Built

1980
For Lease Contact for pricing
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Lakefront at Keystone - Lakefront 5 & 7

3850 Priority Way South Drive, Keystone at The Crossing, Indianapolis, IN
Property

Office

65,139 SF
Availability

4 Spaces

11,064 SF
Year Built

1988
For Lease Contact for pricing
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8777 Purdue Rd.

8777 Purdue Rd., College Park, Indianapolis, IN
Property

Office

83,000 SF
Availability

1 Space

2,172 SF
For Lease

$17.50/SF/YR
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Haverstick I — Renovations Underway

8200 Haverstick Rd, Keystone at The Crossing, Indianapolis, IN
Property

Office
Availability

1 Space

10,911 SF
For Lease Contact for pricing
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Park Fletcher Building 12

1936 South Lynhurst Drive, Drexel Gardens, Indianapolis, IN
Property

Industrial

91,758 SF
Availability

1 Space

4,001 SF
For Lease Contact for pricing
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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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7555 Woodland Drive

7555 Woodland Drive, Park 100, Indianapolis, IN
Property

Industrial

195,080 SF
Availability

1 Space

89,704 SF
Year Built

1993
For Lease Contact for pricing
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Directors Row - Building 2401

2401 Directors Row, Park Fletcher, Indianapolis, IN
Property

Industrial

19,730 SF
For Sale Contact for pricing
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Castleton Park - Buildings 18 & 21

6435 Castleway West Drive, Castleton, Indianapolis, IN
Property

Office

73,822 SF
Availability

2 Spaces

22,111 SF
Year Built

1977
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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Hillsdale Building 2

6835-6855 Hillsdale Ct, Bayview, Indianapolis, IN
Property

Industrial

83,600 SF
Availability

1 Space

13,100 SF
Year Built

1987
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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East Indy Exchange

East Indy Exchange Indianapolis, Treyburn Lakes, Indianapolis, IN
Property

Industrial
Availability

1 Space

900,003 SF
For Lease Contact for pricing
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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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Premier 86th Street Visibility & Signage

3901 West 86th Street, Crooked Creek Heights, Indianapolis, IN
Property

Office

78,200 SF
Availability

4 Spaces

17,925 SF
Year Built

1974
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

6,000 SF
For Sale

$2,495,000
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± 40.50 Acres of I-3 on SE Side

10535 E McGregor Rd, Van Arsdel, Indianapolis, IN
Property

Other
For Sale

$1,595,000
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7601 E 88th Place

7601 E 88th Pl, The Villages, Indianapolis, IN
Property

Industrial

30,000 SF
Availability

1 Space

30,000 SF
Year Built

1976
For Lease

$13.30/SF/YR
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Keystone Office Park - 3021, 3077, 3091 & 3105 Buildings

3077 East 98th Street, Keystone at The Crossing, Indianapolis, IN
Property

Office

123,969 SF
Availability

6 Spaces

8,836 SF
Year Built

1984
For Lease Contact for pricing
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Eagle Creek Center

3802 North High School Road, Gateway West, Indianapolis, IN
Property

Retail

20,000 SF
Availability

1 Space

1,366 SF
For Lease Contact for pricing
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Keystone Office Centre

8395 Keystone Crossing, Keystone at The Crossing, Indianapolis, IN
Property

Office

40,800 SF
Availability

5 Spaces

15,214 SF
Year Built

1984
For Lease

$22.50/SF/YR
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Corner Lot for Sale

3901 Bluff Road, North Perry, Indianapolis, IN
Property

VacantLand
For Sale

$775,000
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3333 North Franklin Road

3333 North Franklin Road, Franklin Heights, Indianapolis, IN
Property

Industrial

278,338 SF
Availability

1 Space

125,000 SF
Year Built

1964
For Lease Contact for pricing
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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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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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