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    Indianapolis, IN Flex Space for Sale

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    Lawrence Village Flex Space
    Updated: Jan 26
    Lawrence Village Flex Space

    9130 Otis Ave, Indianapolis, IN 46216

    $2,475,000
    16,840 sqft 1.14 AC lot
    Convenient location: 2 miles from I‑465 with easy access to I‑69, I‑74, I‑70, and I‑65.
    ~13,848 SF of flexible space available for single or multiple tenants.
    Professionally managed, well‑maintained office/industrial/flex space.
    Located in Lawrence Village at Fort Harrison on over an acre of developed land with ample parking.
    Close proximity to dining options and Fort Harrison State Park.
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    This listing looks promising.

    Here's a quick look at some key insights for

    9130 Otis Ave, Indianapolis, IN, 46216-2030

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    • Est. Cap Rate

      9%
      Above avg (5.9%)

    • Est. NOI

      $222K
      Annual

    • Mortgage

      $650K
      Mar 2021

    • Last Sold

      May 2018
      $799K

    • Property Type

      Commercial Office (General)
      Built 1908
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    Renovated Office Flex Complex
    Updated: Feb 18
    Renovated Office Flex Complex

    9130 Otis Avenue, Indianapolis, IN 46216

    $2,475,000
    1.14 AC lot
    Multi‑tenant office/flex space with income potential.
    Excellent location in Lawrence Village at Fort Harrison, close to I‑465 and other major interstates.
    Significant leasable space available: roughly 13,848 SF across five suites, offering flexible configurations.
    Located on over an acre with ample common parking.
    Professionally managed space suitable for a variety of tenant needs.
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    Industrial Flex with Multiple Overhead Doors
    Industrial Flex with Multiple Overhead Doors

    1000 S Arlington Avenue, Indianapolis, IN 46203

    $3,800,000
    13.76 AC lot

    Industrial flex building on I-3 zoned land with office space and two 14-ft overhead doors for vehicle-ready operations.

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    Two-Building Flex and Restaurant Property
    Two-Building Flex and Restaurant Property

    1915 Southeastern Avenue, Indianapolis, IN 46201

    $750,000
    0.45 AC lot

    Two commercial buildings on one parcel, including a leased restaurant space with office and warehouse options.

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    Former Fire Station Flex Building
    Former Fire Station Flex Building

    7731 Traders Lane, Indianapolis, IN 46278

    $625,000
    1.85 AC lot

    Renovated former fire station offering garage space, offices, conference room, kitchen, and ample parking.

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    Renovated Showroom and Warehouse Facility
    Renovated Showroom and Warehouse Facility

    10809 US Highway 136, Indianapolis, IN 46234

    $1,899,000
    16,680 sqft 2.78 AC lot

    Modern showroom and office area with high-clear warehouse space, supported by ample paved parking.

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    Keystone Avenue Redevelopment Opportunity
    Keystone Avenue Redevelopment Opportunity

    4498 North Keystone Avenue, Indianapolis, IN 46205

    $1,499,999
    10,789 sqft 1.63 AC lot

    1.63 acres with flexible zoning in evolving urban area.

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    Flex Building with Drive-In Door
    Flex Building with Drive-In Door

    1058 S Ewing Street, Indianapolis, IN 46203

    $275,000
    1.13 AC lot

    Single-story commercial building with drive-in access, office/reception area, and updated restroom facilities on a sizeable paved yard lot.

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    Flex Space with Small Warehouse
    Flex Space with Small Warehouse

    6302 W Thompson Road, Indianapolis, IN 46221

    $250,000
    0.45 AC lot

    Flex space with small warehouse and office area on C3-zoned corner lot near major highways.

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    Brewery-Pub with Multiple Overhead Doors
    Brewery-Pub with Multiple Overhead Doors

    1301 Barth Ave, Indianapolis, IN 46203

    $1,250,000
    11,060 sqft

    Leased brewery-pub building with heavy power, gas heat, and eight rear overhead doors plus an adjacent vacant MU1 lot.

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    Flex Industrial Property with Yard
    Flex Industrial Property with Yard

    4700-4702 Southeastern Avenue, Indianapolis, IN 46203

    $319,000
    0.70 AC lot

    Adjoining corner parcels with office, shop, and storage improvements plus ample yard and parking along Southeastern Avenue.

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    Freestanding Retail/Flex Building on 82nd
    Freestanding Retail/Flex Building on 82nd

    6609 E 82nd St, Indianapolis, IN 46250

    $2,100,000
    19,600 sqft 1.34 AC lot

    19,600 SF retail/flex building with excellent connectivity.

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    Two-Building Flex Asset
    Two-Building Flex Asset

    7320 E. 86th Street, Indianapolis, IN 46256

    $6,876,000
    51,948 sqft 4.75 AC lot

    Two-building flex property totaling 51,948 square feet on approximately 4.75 acres, fully occupied with tenant mix.

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    Industrial Flex Building with Overhead Doors
    Industrial Flex Building with Overhead Doors

    1028 Vandeman Street, Indianapolis, IN 46203

    $120,000
    0.10 AC lot

    Industrial flex property with multiple overhead doors suited for storage or a light workshop under I4 zoning.

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    Industrial Flex Building with Drive-In Doors
    Industrial Flex Building with Drive-In Doors

    5251 W 81st St, Indianapolis, IN 46268

    $2,464,000
    20,530 sqft 1.29 AC lot

    Former secure record storage facility offering office space and warehouse potential with two 12-by-12 drive-in doors.

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    Indianapolis Warehouse with Redevelopment Potential
    Indianapolis Warehouse with Redevelopment Potential

    2145 Ransdell St, Indianapolis, IN

    $399,000
    8,667 sqft 0.31 AC lot

    Warehouse property with redevelopment potential in up-and-coming Indianapolis location.

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    Flex Showroom Retail Building
    Flex Showroom Retail Building

    3301 S E ST, Indianapolis, IN 46228

    $1,100,000
    16,979 sqft 1.24 AC lot

    Single-story flex, showroom, and retail building with Madison Avenue and S. East Street frontage in Indianapolis.

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    Freestanding Commercial Building Near I-65
    Freestanding Commercial Building Near I-65

    1722 W 16th St, Indianapolis, IN

    $869,000
    0.45 AC lot

    Renovated commercial building with C-5 zoning and proximity to I-65.

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    Directors Row Business Center
    Directors Row Business Center

    2401 Directors Row, Indianapolis, IN 46241

    $18,320,475
    214,200 sqft

    Eight-building office and flex-industrial campus near Indianapolis International Airport.

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    Industrial Flex Showroom Warehouse
    Industrial Flex Showroom Warehouse

    5350 Elmwood Avenue, Indianapolis, IN 46203

    Contact for pricing
    5,760 sqft

    Flex-style building with showroom, warehouse, and retail space plus direct Elmwood Avenue frontage and private parking.

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    Indianapolis Flex Space For Sale
    Indianapolis Flex Space For Sale

    6402 Castleplace Dr, Indianapolis, IN

    Contact for pricing
    24,034 sqft 2.63 AC lot

    Office and warehouse space available in Indianapolis, Indiana.

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    Flex/Warehouse Spaces with Fenced Land
    Flex/Warehouse Spaces with Fenced Land

    55 S. State Ave. |, Indianapolis, IN 46201

    Contact for pricing
    127,798 sqft

    Unique flex/warehouse spaces with fenced land near downtown Indianapolis.

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    Industrial Flex Space Opportunity
    Industrial Flex Space Opportunity

    5705-5797 Park Plaza Ct. |, Indianapolis, IN 46220

    Contact for pricing
    95,080 sqft

    Convenient industrial flex space with high visibility and ample parking.

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    Indianapolis Industrial/Flex Space For Sale
    Indianapolis Industrial/Flex Space For Sale

    7202 E. 87th St. |, Indianapolis, IN 46256

    Contact for pricing

    Prime Indianapolis industrial/flex spaces with high ceilings and ample parking.

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    Indianapolis, IN Flex Space Market Trends and Statistics

    Explore 56 flex space for sale in Indianapolis, IN, showcased through 26 active listings on our real estate platform. These investment opportunities span a total of 425,150 square feet of properties for sale, with an estimated market value of $45,017,475.

    Sale prices for business spaces in Indianapolis, IN start at $399,000, averaging $4,501,747, and reaching up to $18,320,476 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Flex space 140
    Manufacturing properties 17
    Distribution centers 10
    Truck terminals 6
    Breweries 1

    Demographics Overview

    Population 979K
    Population Growth (5Y) +2.8%
    Median Household Income $67,417
    College Educated 30.4%

    High-Yield Neighborhoods for Investment

    Identify Indianapolis submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    46201 $375K
    46203 $998.4K
    46228 $1.1M
    46205 $1.5M
    46234 $1.9M

    Taxes & Financing

    Tax Rate (average for all types) 2.46%
    Property Tax per SF $41.61 per SF
    Tax Rate vs County Average 0.02 pp below county avg
    Average Loan-to-Value 65.0%

    Property Size Breakdown

    The majority of commercial real estate listings in Indianapolis fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Indianapolis, IN

    • 46203
    • 46201
    • 46216
    • 46256
    • 46278
    • 46205
    • 46220
    • 46221
    • 46228
    • 46234
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