Indianapolis, IN Commercial Real Estate for Lease and Sale

Explore 912 listings of Indianapolis commercial real estate to find the best space for your business.

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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Regency Centre

8202 Clearvista Pkwy, Castle Ridge, Indianapolis, IN
Property

Office

53,600 SF
Availability

5 Spaces

8,400 SF
Year Built

1985
For Lease

$18.50/SF/YR
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Meridian Professional Building

3266 North Meridian Street, Crown Hill, Indianapolis, IN
Property

Office

92,401 SF
Availability

6 Spaces

35,753 SF
Year Built

1968
For Lease Contact for pricing
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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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Office Coworking Retail Industrial

Office Retail Industrial Land
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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9100 Meridian Square Bldg 70

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

Office

24,761 SF
Availability

1 Space

1,043 SF
Year Built

1977
For Lease

$21.50/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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5630 Georgetown Rd

5630 Georgetown Rd, Liberty Creek, Indianapolis, IN
Property

Retail

1,530 SF
Availability

1 Space

1,530 SF
Year Built

1991
For Lease Contact for pricing
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CVS Sublease-Thompson Rd.

505 E. Thompson Rd., West Edgewood, Indianapolis, IN
Property

Retail

10,125 SF
Availability

1 Space

10,125 SF
Year Built

1999
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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4415 Saguaro Trail

4415 Saguaro Trail, New Augusta Woods, Indianapolis, IN
Property

Industrial

14,920 SF
Year Built

1984
For Sale

$1,600,000
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4550 Victory Lane

4550 Victory Ln, I65 - South Emerson, Indianapolis, IN
Property

Office

40,204 SF
Year Built

1991
For Sale Contact for pricing
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Land For Sale

9140 Harrison Park Dr, South Harrison Park, Indianapolis, IN
Property

VacantLand
For Sale

Subject To Offer
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Shadeland Technology Center

3035 N Shadeland Ave, Arlington Woods, Indianapolis, IN
Property

Industrial

567,986 SF
Availability

1 Space

44,214 SF
Year Built

1967
For Lease

$12.00/SF/YR
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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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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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626 N Illinois Street

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

Office

50,670 SF
For Sale

Subject To Offer
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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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INTECH Three

6510 Telecom Drive, Speights, Indianapolis, IN
Property

Office

152,230 SF
Availability

2 Spaces

19,590 SF
Year Built

2008
For Lease Contact for pricing
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The Colony • 10293 N. Meridian St.

10293 North Meridian Street, Northridge, Indianapolis, IN
Property

Office

29,079 SF
Availability

8 Spaces

22,485 SF
Year Built

1988
For Lease Contact for pricing
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Castleton Park - Buildings 22, 23 & 41

6410 Castleway West Drive, Castleton, Indianapolis, IN
Property

Office

52,022 SF
Availability

1 Space

6,068 SF
Year Built

1979
For Lease Contact for pricing
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Historic Circle Tower

55 Monument Circle, Wholesale District, Indianapolis, IN
Property

Office

137,927 SF
Availability

17 Spaces

57,459 SF
Year Built

1930
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
For Sale Contact Broker
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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

9,875 SF
Year Built

1979
For Lease

$20.50/SF/YR
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2364 Production Drive

2364 Production Drive, Park Fletcher, Indianapolis, IN
Property

Industrial

10,224 SF
Availability

1 Space

10,224 SF
Year Built

1984
For Lease

$9.50/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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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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333 N Pennsylvania St

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

Retail

26,400 SF
Availability

1 Space

6,000 SF
Year Built

1912
For Lease Contact for pricing
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3701 Shadeland Ave.

3701 Shadeland Ave., Arlington Woods, Indianapolis, IN
Property

Retail

22,750 SF
Availability

1 Space

1,100 SF
Year Built

1960
For Lease Contact for pricing
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Large, contiguous space available

2855 N Franklin Rd, Eastwood, Indianapolis, IN
Property

Office
Availability

2 Spaces

52,209 SF
Year Built

1962
For Lease Contact for pricing
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Park 100 Building 98

8250-8258 Zionsville Rd, Park 100, Indianapolis, IN
Property

Industrial

505,171 SF
Availability

2 Spaces

87,632 SF
Year Built

1968
For Lease Contact for pricing
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NUVO Building

3951 N. Meridian, Meridian - Kessler, Indianapolis, IN
Property

Office

15,300 SF
Availability

3 Spaces

8,625 SF
For Lease

$18.00 - $18.50/SF/YR
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Castleton Park - Buildings 9 & 10

6515 East 82nd Street, Castleton, Indianapolis, IN
Property

Office

51,656 SF
Availability

14 Spaces

22,752 SF
Year Built

1973
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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Receiver Sale: Michigan Road Shops | Indianapolis IN

8320 N. Michigan Rd, Crooked Creek Heights, Indianapolis, IN
Property

Retail

28,639 SF
For Sale Contact for pricing
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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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Deme Industrial Park

10645 Deme Dr, Wynfield, Indianapolis, IN
Property

Industrial
Availability

1 Space

6,375 SF
For Lease Contact for pricing
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Office Suites Available for Lease

8915 Keystone Avenue, Rosewood, Indianapolis, IN
Property

Office

8,368 SF
Availability

3 Spaces

3,794 SF
Year Built

1985
For Lease

$14.25 - $16.50/SF/YR
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Bash Business Center

8481 & 8501 Bash St, Castleton, Indianapolis, IN
Property

Industrial
Availability

1 Space

2,125 SF
For Lease Contact for pricing
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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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3746 N College Ave

3746 N College Ave, Mapleton - Fall Creek, Indianapolis, IN
Property

Office

9,500 SF
Year Built

1950
For Sale

Subject To Offer
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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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722 Ketcham St

722 Ketcham St, Haughville, Indianapolis, IN
Property

Industrial

11,362 SF
For Sale

$1,200,000
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One Parkwood Crossing

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

Office

111,202 SF
Availability

6 Spaces

46,910 SF
Year Built

1990
For Lease Contact for pricing
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Castleton Park - Building 46

8125 Knue Road, Castleton, Indianapolis, IN
Property

Office

53,566 SF
Availability

2 Spaces

51,349 SF
Year Built

1982
For Lease Contact for pricing
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2007 N Capitol Ave

2007 N Capitol Ave, Herron - Morton Place, Indianapolis, IN
Property

Office

10,000 SF
Year Built

1981
For Sale

$5,715,000
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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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River Crossing at Keystone
Regus
3815 River Crossing Parkway Suite 100, 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

Complimentary coffee & tea

Ergonomic furniture

Lounge area

Mail services

Money-back guarantee
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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
View Details (opens in new window)
Naab Road Medical Center - 8240 Naab Road

8240 Naab Road, Westchester Estates, Indianapolis, IN
Property

Office

58,341 SF
Availability

5 Spaces

25,621 SF
Year Built

1991
For Lease

$23.00/SF/YR
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Keystone at the Crossing - 9000 Keystone Crossing

9000 Keystone Crossing, Keystone at The Crossing, Indianapolis, IN
Property

Office

137,615 SF
Availability

8 Spaces

55,796 SF
Year Built

1975
For Lease Contact for pricing
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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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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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