Indianapolis, IN Commercial Real Estate for Lease and Sale

Explore 846 listings of Indianapolis commercial real estate for lease and for sale to find the best space for your business.

CRE Market FAQs

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
View Details (opens in new window)
Hillsdale Building 1

6911-6999 Hillsdale Ct, Bayview, Indianapolis, IN
Property

Industrial

73,866 SF
Availability

3 Spaces

14,034 SF
Year Built

1986
For Lease Contact for pricing
View Details (opens in new window)
250 N. Belmont Ave.

250 N. Belmont Ave., Hawthorne, Indianapolis, IN
Property

Industrial

150,000 SF
Availability

1 Space

51,090 SF
For Lease

$10.50/SF/YR
View Details (opens in new window)
1145 Shelby St.

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

Retail

2,740 SF
For Sale

Subject To Offer
View Details (opens in new window)
Woodland Corporate Park - Building I

7602 Woodland Drive, Park 100, Indianapolis, IN
Property

Office

78,985 SF
Availability

3 Spaces

31,560 SF
Year Built

1997
For Lease Contact for pricing
View Details (opens in new window)
9700 Lakeshore Drive East

9700 Lakeshore Drive East, Keystone at The Crossing, Indianapolis, IN
Property

Retail

7,500 SF
Availability

1 Space

7,500 SF
For Lease Contact for pricing
View Details (opens in new window)
1919 Madison Ave

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

VacantLand
For Sale

$1,200,000
View Details (opens in new window)
Downtown Heavy Industrial Complex

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

Industrial

75,696 SF
For Sale Contact for pricing
View Details (opens in new window)
Freestanding Industrial Flex Building

6820 Shore Terrace, The Highlands, Indianapolis, IN
Property

Industrial

3,750 SF
For Sale

$850,000
View Details (opens in new window)
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
View Details (opens in new window)
Not finding the right space?

Tell us where and what you're looking for and the brokers will come to you
OneAmerica Tower

1 American Sq, North Meridian, Indianapolis, IN
Property

Office

691,769 SF
Availability

7 Spaces

109,645 SF
Year Built

1982
For Lease

$27.00/SF/YR
View Details (opens in new window)
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
View Details (opens in new window)
5621 Dividend Road

5621 Dividend Road, Drexel Gardens, Indianapolis, IN
Property

Industrial

83,520 SF
Availability

1 Space

25,805 SF
Year Built

1996
For Lease Contact for pricing
View Details (opens in new window)
300 North Meridian

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

Office

336,000 SF
Availability

11 Spaces

79,561 SF
Year Built

1989
For Lease

$26.00/SF/YR
View Details (opens in new window)
Outdoor Storage with Interstate Visibility

4900 Robison Rd, College Park, Indianapolis, IN
Property

Other
Availability

1 Space

6 Acre
For Lease Contact for pricing
View Details (opens in new window)
Park 100 Building 110

5555-5587 W 73rd St, Park 100, Indianapolis, IN
Property

Office

35,167 SF
Availability

2 Spaces

35,167 SF
Year Built

1986
For Lease

$11.00/SF/YR
View Details (opens in new window)
980 N. Shadeland Avenue

980 N. Shadeland Avenue, Irvington, Indianapolis, IN
Property

Retail

123 SF
Availability

1 Space

123 SF
For Lease Contact for pricing
View Details (opens in new window)
Westlane Shopping Center

7115 Michigan Road, Crooked Creek, Indianapolis, IN
Property

Retail

17,000 SF
Availability

1 Space

12,435 SF
For Lease Contact for pricing
View Details (opens in new window)
Indianapolis Industrial Center

3000 Shelby St, North Perry, Indianapolis, IN
Property

Industrial
Availability

1 Space

15,500 SF
For Lease Contact for pricing
View Details (opens in new window)
902 E Market St

902 E Market St, Holy Cross, Indianapolis, IN
Property

Office

6,700 SF
Availability

1 Space

6,700 SF
Year Built

1947
For Lease Contact for pricing
View Details (opens in new window)
Castle Creek III

8720 Castle Creek Pkwy, Castleton, Indianapolis, IN
Property

Office

57,161 SF
Availability

4 Spaces

17,603 SF
Year Built

1984
For Lease Contact for pricing
View Details (opens in new window)
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
View Details (opens in new window)
German Church Shops

10935 E. Washington Street, Creekside Woods, Indianapolis, IN
Property

Retail

500,000 SF
Availability

1 Space

5,834 SF
For Lease Contact for pricing
View Details (opens in new window)
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
View Details (opens in new window)
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
View Details (opens in new window)
4548 N. College Ave.

4548 N. College Ave., Meridian - Kessler, Indianapolis, IN
Property

Office

1,800 SF
Availability

1 Space

1,800 SF
For Lease

$17.00/SF/YR
View Details (opens in new window)

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 26,040,939 square feet of office space across 375 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 1,098,714,246 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 17,223,897 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 14,025,006 square feet of available listings. Office space available in Indianapolis adds up to 7,857,486 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 $19.07 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 $22.03 per square foot, industrial space in Indianapolis saw average rents of $8.83 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 $36 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 85,944 square feet.
Retail properties here incorporate an average of 8,387,132 square feet.
Industrial space in Indianapolis is in buildings that are, on average 151,087 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 26,832,957 square feet. The market offers 315 active office listing(s), which amount to 7,857,486 square feet and account for 49% of commercial spaces on the market. Local retail availability includes 1,805,559 square feet across 117 retail space(s). Industrial space for rent opportunities in Indianapolis amount to 14,025,006 square feet across a total of 182 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	315	7,857,486
Retail	117	1,805,559
Industrial	182	14,025,006
Other	24	3,144,906

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 15,046,164 square feet of commercial property for sale here , which includes 61 office building(s) for sale , 32 retail investment opportunity listing(s) , and 25 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	61	2,224,545
Retail	32	10,613,638
Industrial	25	988,903
Other	57	1,219,079

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

Victory Commerce Park - Building A

Hillsdale Building 1

250 N. Belmont Ave.

1145 Shelby St.

Woodland Corporate Park - Building I

9700 Lakeshore Drive East

1919 Madison Ave

Downtown Heavy Industrial Complex

Freestanding Industrial Flex Building

550 N Meridian St

OneAmerica Tower

Shadeland Station Office Park - 7321 Shadeland Station Way

5621 Dividend Road

300 North Meridian

Outdoor Storage with Interstate Visibility

Park 100 Building 110

980 N. Shadeland Avenue

Westlane Shopping Center

Indianapolis Industrial Center

902 E Market St

Castle Creek III

5343 Commerce Square Drive

German Church Shops

Castleton Park - Buildings 32, 36, 37 & 38

Freestanding Office Building

4548 N. College Ave.

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

Other Popular Searches

Popular Coworking Searches

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us

About Us

Our Tools

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

Popular Office Searches

Popular Retail Searches

Popular Industrial Searches

About us