Indianapolis, IN Commercial Real Estate for Lease and Sale

Explore 876 listings of Indianapolis commercial real estate to find the best space for your business.

Park 100 Building 111

7102-7196 Lakeview Pkwy W Dr, Park 100, Indianapolis, IN
Property

Industrial

83,545 SF
Availability

2 Spaces

18,911 SF
Year Built

1988
For Lease

$11.00/SF/YR
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The Colony • 10291 N. Meridian Street

10291 North Meridian Street, Northridge, Indianapolis, IN
Property

Office

29,079 SF
Availability

6 Spaces

23,312 SF
Year Built

1988
For Lease Contact for pricing
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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
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Brougher Plaza

2960 N Meridian St, United Northwest, Indianapolis, IN
Property

Office

195,000 SF
Availability

8 Spaces

81,694 SF
Year Built

1963
For Lease

$17.50/SF/YR
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Office Coworking Retail Industrial

Office Retail Industrial Land
Proposed Self Storage

12147 East 65th Street, Oaklandon, Indianapolis, IN
Property

VacantLand
For Sale

$2,000,000
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2nd Generation Restaurant Space

6280 N College Avenue, Suite 700, Warfleigh, Indianapolis, IN
Property

Retail

26,471 SF
Availability

1 Space

9,772 SF
For Lease Contact for pricing
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The Kittle Building at Two Parkwood

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

Office

90,826 SF
Availability

1 Space

2,463 SF
Year Built

1995
For Lease Contact for pricing
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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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Franciscan Health Indianapolis - Medical Office Building 8051

8051 South Emerson Avenue, Southern Springs, Indianapolis, IN
Property

Office

102,780 SF
Availability

1 Space

2,104 SF
Year Built

1996
For Lease Contact for pricing
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Brookside Industrial Centre

1775 N Sherman Dr, Brookside Sunny Grove, Indianapolis, IN
Property

Industrial
Availability

1 Space

3,600 SF
For Lease Contact for pricing
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Post Park East Building

8825-8989 Boehning Ln, Trinity Manor, Indianapolis, IN
Property

Industrial

46,617 SF
Availability

1 Space

3,085 SF
Year Built

1998
For Lease

$7.25/SF/YR
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Lakefront at Keystone
HQ
9465 Counselors Row Suite 200, 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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Castleton Park - Buildings 16 & 48

8041 Knue Road, Castleton, Indianapolis, IN
Property

Office

50,485 SF
Availability

2 Spaces

36,217 SF
Year Built

1978
For Lease Contact for pricing
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The Cumberland Professional Building

11903 E Welland St, Cumberland, Indianapolis, IN
Property

Office

8,268 SF
Year Built

1976
For Sale

$700,000
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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
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Castle Creek I

8604 Allisonville Rd, Castleton, Indianapolis, IN
Property

Office

75,000 SF
Availability

3 Spaces

27,289 SF
Year Built

1979
For Lease

$19.00/SF/YR
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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
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1800 North Meridian Block

1800 and 1812 N Meridian, Herron - Morton Place, Indianapolis, IN
Property

Office

84,000 SF
Year Built

1950
For Sale

$6,900,000
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3250 N Post Road Bldg 100

3250 N Post Road Bldg 100, Franklin Heights, Indianapolis, IN
Property

Industrial

73,700 SF
Availability

5 Spaces

26,834 SF
Year Built

1989
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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Emmis Broadcasting

40 Monument Cir, Wholesale District, Indianapolis, IN
Property

Office

139,906 SF
Availability

1 Space

24,000 SF
Year Built

1999
For Lease Contact for pricing
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6925 S Franklin Rd

6925 S Franklin Rd, Franklin Place, Indianapolis, IN
Property

Retail

10,800 SF
Availability

3 Spaces

5,400 SF
Year Built

2023
For Lease

$28.00 - $32.00/SF/YR
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Street Level Turn Key Restaurant Space

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

Retail

34,551 SF
Availability

1 Space

8,750 SF
Year Built

1867
For Lease

$25,000.00/MO
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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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Indianapolis City Center
Regus
201 North Illinois Street 16th Floor, 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)
4416 East 21st Street

4416 E 21st St, Brookside Sunny Grove, Indianapolis, IN
Property

Industrial

6,370 SF
Year Built

1965
For Sale

$700,000
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The Pyramids Office Park

3500 Depauw Blvd, College Park, Indianapolis, IN
Property

Office

361,261 SF
Availability

18 Spaces

91,975 SF
Year Built

1970
For Lease Contact for pricing
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Barrister Bldg

155 E Market St, North Meridian, Indianapolis, IN
Property

Office

67,128 SF
Availability

10 Spaces

38,593 SF
Year Built

1926
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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Castleton Park - Building 4

7990 Castleway Drive, Castleton, Indianapolis, IN
Property

Office

53,939 SF
Availability

2 Spaces

17,352 SF
Year Built

1971
For Lease Contact for pricing
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IN, Indianapolis - East Market St
HQ
155 East Market Street 3th Floor, Indianapolis, IN
Services

Virtual Office

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)
Southplex Centre

8523 Madison Ave, Sherman Commons, Indianapolis, IN
Property

Office

10,000 SF
Availability

2 Spaces

6,500 SF
Year Built

2006
For Lease

$3,000.00 - $5,650.00/MO
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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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Commerce Park - Building 6

8847 Commerce Park Place, College Park, Indianapolis, IN
Property

Industrial
Availability

1 Space

1,810 SF
For Lease Contact for pricing
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1260 Interchange Way

1260 Interchange Way, Willow Lakes, Indianapolis, IN
Property

Industrial

32,000 SF
Availability

1 Space

6,000 SF
Year Built

2019
For Lease

$7.00/SF/YR
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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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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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7337 West Washington Street

7337 West Washington Street, Washington Industrial Park, Indianapolis, IN
Property

Flex Space

72,347 SF
Year Built

1995
For Sale Contact for pricing
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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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Live - Work - Play Opportunity in Broad Ripple

5255 Winthrop Ave, Forest Hills, Indianapolis, IN
Property

Other
Availability

1 Space

15,689 SF
For Lease Contact for pricing
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Indianapolis Industrial Center

3000 Shelby St, North Perry, Indianapolis, IN
Property

Industrial
Availability

1 Space

24,000 SF
For Lease Contact for pricing
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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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3850 & 3830 Shore Drive

3850 & 3830 Shore Drive, The Highlands, Indianapolis, IN
Property

Office

38,000 SF
Availability

2 Spaces

5,737 SF
For Lease Contact for pricing
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Park Fletcher Building 17

1810 South Lynhurst Drive, Drexel Gardens, Indianapolis, IN
Property

Industrial

135,000 SF
Availability

4 Spaces

34,800 SF
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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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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3003 Kentucky Avenue

3003 Kentucky Avenue, Mars Hill, Indianapolis, IN
Property

Office

2,458 SF
Year Built

1957
For Sale

$400,000
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Former machine shop - Located in the evolving Twin Aire Neighborhood

3025 English Ave, Forest Park, Indianapolis, IN
Property

Industrial

4,228 SF
Year Built

1952
For Sale

$350,000
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The Inland Building

156 E. Market, North Meridian, Indianapolis, IN
Property

Office

34,020 SF
Availability

2 Spaces

3,650 SF
For Lease

$18.50/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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2820 Kentucky Ave

2820 Kentucky Ave, Maywood, Indianapolis, IN
Property

VacantLand

1,820 SF
Availability

1 Space

80,150 SF
Year Built

1993
For Lease Contact for pricing
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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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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 25,185,534 square feet of office space across 355 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 19,749,756 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 16,596,459 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 13,594,464 square feet of available listings. Office space available in Indianapolis adds up to 7,766,239 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 $19.76 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 $6.32 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 89,949 square feet.
Retail properties here incorporate an average of 147,387 square feet.
Industrial space in Indianapolis is in buildings that are, on average 141,851 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 29,571,597 square feet. The market offers 300 active office listing(s), which amount to 8,000,295 square feet and account for 47% of commercial spaces on the market. Local retail availability includes 1,868,968 square feet across 121 retail space(s). Industrial space for rent opportunities in Indianapolis amount to 15,083,151 square feet across a total of 178 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	300	8,000,295
Retail	121	1,868,968
Industrial	178	15,083,151
Other	38	4,619,184

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 19,764,277 square feet of commercial property for sale here , which includes 63 office building(s) for sale , 25 retail investment opportunity listing(s) , and 38 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	63	2,338,029
Retail	25	10,633,643
Industrial	38	1,747,625
Other	62	5,044,981

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

What type of listing property are you looking for?

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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