Indianapolis, IN Flex Space for Sale

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50 properties

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Updated: May 23

Commercial Land Assemblage

4498 N Keystone Avenue, Indianapolis, IN 46205

$1,499,999

0.30 AC lot

Multiple contiguous parcels offered as a package
Keystone Avenue frontage
Zoning includes C3, D5, and I1
Adjacent to the Nickel Plate Trail corridor
Most buildings are vacant

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Updated: Jun 27

Industrial Flex Building with Overhead Doors

1000 S Arlington Avenue, Indianapolis, IN 46203

$3,500,000

13.76 AC lot

4,242 sq. ft. industrial flex building with 828 sq. ft. of office space
Over 3,000 sq ft of manufacturing, warehouse, and industrial space
Two 14‑ft overhead doors for vehicle and equipment access
I‑3 zoning with access to I‑465 and I‑70
Interior updates include remodeled bathrooms, new flooring, fresh paint, and upgraded lighting

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Industrial Warehouse with Loading

2334 Production Drive, Indianapolis, IN 46241

$4,350,000

3.34 AC lot

I-3 industrial facility with dock and drive-in loading, office space, and direct regional transportation access.

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Flex Space with Showroom

4508-4510 N Keystone Ave, Indianapolis, IN 46205

$1,200,000

4,730 sqft 0.32 AC lot

Adaptable commercial property combining showroom, office, retail, and warehouse areas with drive-in access and a secured fenced area.

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Flex Space Property

6302 W Thompson Road, Indianapolis, IN 46221

$250,000

0.45 AC lot

C3-zoned commercial property at a corner location with access to Highway 67 and I-465.

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C-3 Flex Space with Fenced Yard

3604 Madison Avenue, Indianapolis, IN 46227

$639,000

3.00 AC lot

Three-acre commercial property with warehouse, secondary building, utility connections, and outdoor operating space.

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Automotive Repair Shop with Paint Booth

7086 Southeastern Ave, Indianapolis, IN 46239

$1,100,000

9,000 sqft

Automotive facility with dedicated repair, painting, office, and equipment areas plus front and rear vehicle access.

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Industrial Flex Building with Overhead Doors

6550 Guion Rd, Indianapolis, IN 46268

$1,102,950

11,610 sqft

Steel-frame flex facility combining substantial office space with warehouse functionality and multiple private offices.

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Industrial Flex Property with Rear Yard

1122 Deloss St, Indianapolis, IN 46203

$795,000

9,225 sqft 0.83 AC lot

Interconnected buildings combine office, warehouse, and shop areas with on-site parking.

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Commercial Land with Avenue Frontage

4498 N Keystone Ave, Indianapolis, IN 46205

$1,499,999

10,789 sqft

A multi-parcel assemblage combines commercial and light industrial zoning, with most existing buildings vacant.

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Renovated Multi-Tenant Flex Space

9130 Otis Ave, Indianapolis, IN 46216

$2,475,000

25,000 sqft

Renovated commercial property offers divisible suites and shared parking near major Indianapolis routes.

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Mixed-Use Building with Apartment

2121 Madison Ave, Indianapolis, IN 46225

$350,000

4,380 sqft 0.36 AC lot

Two-story owner-user property combines office, warehouse, and renovated residential space in a four-parcel configuration.

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Multi-Suite Flex Space

7201 New Augusta Rd, Indianapolis, IN 46268

$825,000

5,200 sqft

Three separately arranged suites support occupancy by one business or multiple tenants.

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Refinished Flex Space with Fenced Lot

3910 E 21st St, Indianapolis, IN 46218

$750,000

6,603 sqft

Updated flex property with renovated office areas, upgraded building systems, accessory storage, and secured outdoor space.

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Climate-Controlled Flex Industrial Building

8720 Robbins Road, Indianapolis, IN 46268

$1,800,000

12,000 sqft

Freestanding flex space with fenced outdoor storage, sprinklers, and motion-sensor LED lighting.

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Flex Space with Private Office

2160 Fletcher Ave., Indianapolis, IN 46203

$1,150,000

13,824 sqft

Flex space in I3 zoning with a small office and convenient interstate access in Fletcher Place.

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Freestanding Retail/Flex Building on 82nd

6609 E 82nd St, Indianapolis, IN 46250

$2,100,000

18,500 sqft 1.34 AC lot

18,500 SF retail/flex building with visibility on 82nd Street.

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Flex Building with Drive-In Door

705 East Market Street, Indianapolis, IN 46202

$998,463

22,942 sqft 0.56 AC lot

CBD2-zoned flex building with paved vehicle parking, secure fenced parking, and recently replaced HVAC equipment.

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Office/Warehouse Flex Building

2115 E 45th St, Indianapolis, IN 46205

$369,000

3,030 sqft

Functional office and warehouse areas include gas heat and municipal water and sewer service.

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Industrial Flex Building

707-709 North Senate Avenue, Indianapolis, IN 46202

Contact for pricing

13,333 sqft 0.75 AC lot

Vacant single-story property with dock and drive-in loading, an adjacent paved lot, and CBD2 zoning.

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Mixed-Use Flex and Office Site

1330 North Meridian Street, Indianapolis, IN 46202

Contact for pricing

64,300 sqft 2.44 AC lot

Multi-building site with main office building, flex/storage building, and surface parking, adjacent to IU Health Methodist Hospital.

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Industrial Flex Building with Drive-In Doors

5251 W 81st St, Indianapolis, IN 46268

Contact for pricing

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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Mixed-Use Property with Warehouse

2558 E 55 place, Indianapolis, IN 46220

Contact for pricing

7,066 sqft 0.41 AC lot

Combined industrial and residential improvements support owner-occupancy, rental, or live-work use.

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Freestanding Industrial Flex Building

225 E 10th St, Indianapolis, IN 46202

Contact for pricing

7,300 sqft

Single-story masonry industrial flex offering 4 drive-in doors and vacant delivery with immediate occupancy.

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Indianapolis, IN Flex Space Market Trends and Statistics

Explore 72 flex space for sale in Indianapolis, IN, showcased through 50 active listings on our real estate platform. These investment opportunities span a total of 1,231,596 square feet of properties for sale, with an estimated market value of $30,124,411.

Sale prices for business spaces in Indianapolis, IN start at $90,000, averaging $1,369,291, and reaching up to $4,350,000 — 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

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
46221	$250K
46201	$375K
46225	$380K
46227	$639K
46218	$750K

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.

How Realmo verifies these figures

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