Indianapolis, IN Commercial Real Estate for Sale

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Updated: May 5

Keystone Avenue Redevelopment Opportunity

4498 North Keystone Avenue, Indianapolis, IN 46205

$1,499,999

10,789 sqft 1.63 AC lot

1.63 acre assemblage with Keystone Avenue frontage.
I1 Light Industrial and C3/D5 commercial zoning allows for flexible redevelopment or adaptive reuse.
Located adjacent to the Nickel Plate Trail corridor in an evolving urban infill area.
Potential uses include flex industrial, commercial space, creative office, live/work concepts, and storage/service facilities.
Most buildings are currently vacant, providing immediate redevelopment flexibility.

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This listing looks promising.

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4498 North Keystone Avenue, Indianapolis, IN 46205

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Est. Cap Rate

8.7%
Above avg (5.9%)
Est. NOI

$131K
Annual
Price @ 7% Cap

$1.87M
Above asking
Last Sold

Oct 2020
$200K
Property Type

Auto Repair, Garage
Built 1956

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Updated: Jul 13

ADA-Accessible Medical Office Facility

6635 E 21st Street, Indianapolis, IN 46219

$1,750,000

1.20 AC lot

7,548 SF former medical office with a flexible layout for professional uses
ADA‑accessible design with multiple entrances for staff, clients, and visitors
Nearly 50 parking spaces across two parking lots
Interior includes 3 private offices, 4 restrooms, a conference room, break room, and large waiting area
Huge open room suited for a sanctuary, classroom, activity area, treatment space, showroom, or collaborative workspace

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Office Building with Monument Sign

7423 E 82nd Street, Indianapolis, IN 46256

$575,000

0.51 AC lot

Office building with reception area, conference room, multiple offices, and dedicated front parking plus rear overflow.

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Restaurant/QSR With Drive-Thru Potential

5527 N Keystone Avenue, Indianapolis, IN 46220

$685,000

0.30 AC lot

Restaurant-ready space with recent upgrades, signalized access, and prominent visibility along a major northside retail corridor.

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Former Medical Office and Community Space

6635 E 21st, Indianapolis, IN 46219

$1,750,000

7,548 sqft

Former medical office with ADA-accessible layout, multiple entrances, and ample off-street parking.

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Elevator-Served Mixed-Use Building

536 E Market Street, Indianapolis, IN 46204

$3,900,000

0.91 AC lot

Well-maintained mixed-use building in CBD-2 with elevator service, dry sprinkler system, and on-site parking for tenants and visitors.

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Flexible Office Building with Detached Garage

2131 E 54th Street, Indianapolis, IN 46220

$560,000

0.64 AC lot

C-1 zoned building with a fenced outdoor area and detached garage, suited for office or education-oriented uses.

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Renovated Office Flex Complex

9130 Otis Avenue, Indianapolis, IN 46216

$2,475,000

1.14 AC lot

Multi-tenant office and flex space with common parking and five leasable suites offering flexible occupancy options.

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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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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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Corner Two-Tenant Retail and Auto Site

1121 E Troy Avenue, Indianapolis, IN 46203

$1,000,000

0.74 AC lot

Remodeled two-tenant corner property in C-5 zoning, positioned for retail and auto-related business uses near major corridors.

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Freestanding Day Care Facility

4521 Independence Sq, Indianapolis, IN 46203

$1,299,000

4,928 sqft

Vacant, well-maintained former daycare with ample parking and flexible CS zoning for multiple neighborhood-serving commercial uses.

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Commercial Land with City Water

7957 Camby, Camby, IN 46113

$2,235,450

21.29 AC lot

Zoned AG 21.29-acre parcel with city water on-site, suited for a range of development plans.

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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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Medical Office and Professional Space

7353 East 21st St, Indianapolis, IN 46219

$2,271,000

12,140 sqft

Office space positioned for medical and professional tenants with close access to a major hospital campus and regional corridors.

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Two-Level Office Building with Conference Rooms

2226 W Michigan Street, Indianapolis, IN 46222

$524,900

0.11 AC lot

Two-level office building with conference rooms, kitchenette, multiple offices, and restrooms, plus a finished lower level.

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Heavy Industrial Dock-High Warehouse

2334 Production Drive, Indianapolis, IN 46241

$4,350,000

3.34 AC lot

49,000 SF heavy industrial facility with multiple dock-high doors, office buildout, and 16'4" clear height.

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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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Standalone Retail and Auto Building

2102 N Arlington Avenue, Indianapolis, IN 46218

$1,250,000

0.43 AC lot

Standalone corner building on N Arlington Ave with C-4 zoning and parking for a range of retail or automotive uses.

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Free-Standing Retail Building Indianapolis

505 E. Thompson Rd., Indianapolis, IN 46227

$2,100,000

10,125 sqft

10,125 SF retail building in thriving Indianapolis area.

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Freestanding Single-Story Commercial Building

6004 S East Street, Indianapolis, IN 46227

$525,000

0.49 AC lot

Single-story building with on-site parking and prominent signage along a heavily traveled southside corridor.

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Automotive Collision Repair Facility

7086 Southeastern Avenue, Indianapolis, IN 46239

$1,100,000

0.30 AC lot

Automotive repair shop for sale with a custom paint booth, two lifts, and front and rear access.

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Broad Ripple Commercial Opportunity

710 E 52nd St, Indianapolis, IN 46205

$890,000

4,672 sqft 0.25 AC lot

Value-add commercial building in Broad Ripple with parking.

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Office Building with Private Parking

1300 N Pennsylvania Street, Indianapolis, IN 46202

$700,000

0.23 AC lot

Office building in Indianapolis zoned Commercial–Office, offering 16 offices and on-site private parking.

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Indianapolis, IN Commercial Real Estate Market Trends and Statistics

Explore 452 commercial real estate for sale in Indianapolis, IN, showcased through 452 active listings on our real estate platform. These investment opportunities span a total of 4,969,838 square feet of properties for sale, with an estimated market value of $287,148,960.

Sale prices for business properties in Indianapolis, IN start at $200,000, averaging $2,353,680, 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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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
Camby	$350K
Indianapolis	$1.6M

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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