Indianapolis, IN Commercial Real Estate for Lease and Sale

Explore 838 listings of Indianapolis commercial real estate for lease and for sale to find the best space for your business.

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2402 N Shadeland Ave

2402 N Shadeland Ave, Arlington Woods, Indianapolis, IN
Property

Industrial

122,000 SF
Availability

1 Space

21,400 SF
Year Built

1965
For Lease

$7.25/SF/YR
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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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INTECH Two

6650 Telecom Drive, Speights, Indianapolis, IN
Property

Office

141,466 SF
Availability

2 Spaces

7,734 SF
Year Built

2001
For Lease Contact for pricing
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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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5150 Decatur Blvd

5150 Decatur Blvd, Ameriplex, Indianapolis, IN
Property

Industrial

120,000 SF
Availability

1 Space

88,576 SF
Year Built

1998
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

Subject To Offer
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7914 N. Shadeland Ave.

7914 N Shadeland Ave, Bayview, Indianapolis, IN
Property

Office

12,500 SF
Year Built

2005
For Sale

$2,599,000
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423 East Michigan Street

423 East Michigan Street, Lockerbie Square, Indianapolis, IN
Property

Retail

5,318 SF
Availability

2 Spaces

5,318 SF
For Lease Contact for pricing
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Keystone Office Centre

8365 Keystone Crossing, Keystone at The Crossing, Indianapolis, IN
Property

Office

59,577 SF
Availability

6 Spaces

38,114 SF
Year Built

2003
For Lease

$24.50/SF/YR
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Park 421

4305-4353 W 96th St, College Park, Indianapolis, IN
Property

Industrial
Availability

1 Space

5,003 SF
For Lease Contact for pricing
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9700 Lakeshore Drive East - 7500 SF Space

9700 Lakeshore Drive East - 7500 SF Space, Keystone at The Crossing, Indianapolis, IN
Property

Retail

7,500 SF
Availability

1 Space

7,500 SF
For Lease Contact for pricing
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Boulder Ridge Professional Center

5905 South Emerson Avenue, I65 - South Emerson, Indianapolis, IN
Property

Office

35,520 SF
Availability

2 Spaces

8,717 SF
Year Built

2003
For Lease

$25.00/SF/YR
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16th Street Commercial Park - 1645 Industry Dr

1645 Industry Dr, Windsor Village, Indianapolis, IN
Property

Industrial

25,380 SF
For Sale Contact for pricing
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Barnes & Thornburg Building

11 South Meridian Street, Wholesale District, Indianapolis, IN
Property

Office

239,000 SF
Availability

1 Space

587 SF
Year Built

1908
For Lease Contact for pricing
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Methodist Medical Plaza East

9660 East Washington Street, Easton, Indianapolis, IN
Property

Office

112,644 SF
Availability

2 Spaces

4,601 SF
Year Built

1996
For Lease

$28.00/SF/YR
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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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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
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1440 Madison Avenue

1440 Madison Avenue, Old Southside, Indianapolis, IN
Property

Retail

4,000 SF
Availability

1 Space

4,000 SF
Year Built

2009
For Lease Contact for pricing
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Linwood Square Shops

4477-4481 East 10th Street, Grace Tuxedo, Indianapolis, IN
Property

Retail

6,210 SF
Availability

2 Spaces

4,058 SF
For Lease Contact for pricing
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Heritage Park III

6602 E 75th St, Devonshire, Indianapolis, IN
Property

Office
Availability

1 Space

9,451 SF
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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5071 E. 10TH STREET

5071 E. 10TH STREET, Emerson Heights, Indianapolis, IN
Property

Retail

5,982 SF
Availability

1 Space

5,984 SF
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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Prime Space Available in the Heart of Downtown Indy

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

Office
Availability

1 Space

5,579 SF
For Lease Contact for pricing
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Western Select, Bldg 20

2525 N Shadeland Ave, Arlington Woods, Indianapolis, IN
Property

Office

160,000 SF
Availability

1 Space

15,572 SF
Year Built

1949
For Lease

$13.50/SF/YR
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Commerce Park - Building 5

8857 Commerce Park Place, College Park, Indianapolis, IN
Property

Office
Availability

1 Space

599 SF
For Lease Contact for pricing
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Hillsdale Building 5

6826-6896 Hillsdale Ct, Bayview, Indianapolis, IN
Property

Industrial

66,505 SF
Availability

2 Spaces

7,877 SF
Year Built

1987
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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5925-6005 West 71st Street & 6951-7034 Corporate Drive

5925 West 71st Street, Quail Ridge, Indianapolis, IN
Property

Industrial

146,326 SF
Availability

2 Spaces

2,429 SF
Year Built

1992
For Lease Contact for pricing
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8065 Castleton Rd

8065 Castleton Rd, Castleton, Indianapolis, IN
Property

Industrial

2,400 SF
Availability

1 Space

2,400 SF
Year Built

1950
For Lease Contact for pricing
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Park Meridian

9450 North Meridian Street, Park Meridian, Indianapolis, IN
Property

Office

43,675 SF
Availability

2 Spaces

10,998 SF
Year Built

2008
For Lease Contact for pricing
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130 East Washington

130 East Washington Street, North Meridian, Indianapolis, IN
Property

Office

203,250 SF
Availability

2 Spaces

34,802 SF
Year Built

1922
For Lease Contact for pricing
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8330 Allison Pointe Trail

8330 Allison Pointe Trail, Castleton, Indianapolis, IN
Property

Office

47,630 SF
Availability

1 Space

47,653 SF
Year Built

1997
For Lease Contact for pricing
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Heavy Industrial Complex

2075 South Belmont Avenue, Belmont, Indianapolis, IN
Property

Industrial
Availability

1 Space

10,350 SF
Year Built

1950
For Lease Contact for pricing
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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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1200 Madison Ave

1200 Madison Ave, Old Southside, Indianapolis, IN
Property

Office

139,348 SF
Availability

4 Spaces

43,046 SF
Year Built

1924
For Lease Contact for pricing
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Speedway Shoppes

5945 Crawfordsville Rd, Speedway, Indianapolis, IN
Property

Retail
Availability

1 Space

1,280 SF
For Lease Contact for pricing
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6229 Indianola

6229 Indianola, Broad Ripple, Indianapolis, IN
Property

Office

1,445 SF
For Sale

$299,999
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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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Vacant Land Available at 2855 N Franklin Rd

2855 N Franklin Rd, Eastwood, Indianapolis, IN
Property

Industrial
Availability

1 Space

14.7 Acre
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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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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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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Three Parkwood Crossing

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

Office

123,464 SF
Availability

2 Spaces

11,252 SF
Year Built

1997
For Lease Contact for pricing
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Victory Park Business Center

5460 Victory Dr, I65 - South Emerson, Indianapolis, IN
Property

Industrial
Availability

1 Space

9,750 SF
For Lease Contact for pricing
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IN, Indianapolis - W 86th St.
HQ
3901 West 86th 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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Century Building

36 South Pennsylvania Street, Wholesale District, Indianapolis, IN
Property

Office

153,849 SF
Availability

2 Spaces

44,128 SF
Year Built

1984
For Lease Contact for pricing
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PNC Center

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

Office

636,550 SF
Availability

18 Spaces

129,903 SF
Year Built

1976
For Lease Contact for pricing
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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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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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Brookside Industrial Centre

3950 Culligan Ave, Brookside Sunny Grove, Indianapolis, IN
Property

Industrial
Availability

1 Space

3,600 SF
For Lease Contact for pricing
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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
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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 25,039,704 square feet of office space across 358 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 1,098,765,854 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 17,120,316 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 37,699,957 square feet of available listings. Office space available in Indianapolis adds up to 7,809,451 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 $19.37 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 $8.69 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 North Meridian 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 $43 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 8,720,364 square feet.
Industrial space in Indianapolis is in buildings that are, on average 134,806 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 50,502,372 square feet. The market offers 305 active office listing(s), which amount to 8,046,318 square feet and account for 48% of commercial spaces on the market. Local retail availability includes 1,777,230 square feet across 113 retail space(s). Industrial space for rent opportunities in Indianapolis amount to 37,733,157 square feet across a total of 184 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	305	8,046,318
Retail	113	1,777,230
Industrial	184	37,733,157
Other	21	2,945,667

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 17,350,885 square feet of commercial property for sale here , which includes 57 office building(s) for sale , 30 retail investment opportunity listing(s) , and 34 listing(s) of industrial real estate property for sale .

Property Type	Count of Listings	Total SF
Office	57	1,852,841
Retail	30	10,631,523
Industrial	34	1,429,437
Other	59	3,437,085

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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