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    Indianapolis, IN Parking Lots & Garages for Sale

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    Parking Garage Leasehold Interest
    Updated: Aug 21, 2025
    Parking Garage Leasehold Interest

    231 N Pennsylvania St, Indianapolis, IN 46204

    Contact for pricing
    170‑space lower garage unit of the Ardmore Parking Garage in downtown Indianapolis
    Offered as a long‑term double‑net lease with rent increases at renewal options every five years
    Operating lease is flat during the term and is described as well below‑market
    Majority of revenue from stable monthly parking contracts with employees of the adjacent Regions Tower
    Also provides public parking access for downtown users and visitors
    View details
    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 77 Potential Opportunities for your consideration. Besides 1 Active listings in Indianapolis, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 71 Off-Market properties to explore as potential leads, plus 1 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Downtown Muncie Commercial Building
    Downtown Muncie Commercial Building

    225 N High Street, Muncie, IN 47305

    Contact for pricing
    20,000 sqft

    20,000 sq ft building with parking in downtown Muncie.

    View details
    Paved Commercial Land
    Paved Commercial Land

    8512 Reading Rd, Cincinnati, OH 45215

    Contact for pricing
    0.78 AC lot

    Asphalt-surfaced commercial land with marked parking spaces and lighting.

    View details
    Historic Religious Office Building
    Historic Religious Office Building

    1414 Sycamore St, Cincinnati, OH 45202

    Contact for pricing
    5,250 sqft 0.08 AC lot

    Historic 1900 building with multiple levels, including an attic office, plus an adjacent paved parking lot.

    View details
    Paved Parking Lot For Sale
    Paved Parking Lot For Sale

    101 N Tillotson Ave, Muncie, IN

    Contact for pricing
    0.43 AC lot

    Paved parking lot zoned BP Business Professional, near IU Health Hospital.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Downtown Anderson Parking Lot For Sale
    Downtown Anderson Parking Lot For Sale

    Meridian Street, Anderson, IN 46016

    $85,000
    0.24 AC lot

    32-space parking lot in downtown Anderson, near courthouse.

    View details

    Off-Market Properties in Indianapolis, IN

    Consider similar Off-Market properties in Indianapolis, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    3503 College Ave
    PARKING LOT

    3503 College Ave, Indianapolis, IN 46205

    $370,000
    Estimated value
    10,000 sqft 0.27 AC lot
    View details
    1760 Shelby St
    PARKING LOT

    1760 Shelby St, Indianapolis, IN 46203

    $205,000
    Estimated value
    0.11 AC lot
    View details
    110 15th St
    PARKING LOT

    110 15th St, Indianapolis, IN 46202

    $145,000
    Estimated value
    3,780 sqft 0.09 AC lot
    View details
    2919 Shelby St
    PARKING LOT

    2919 Shelby St, Indianapolis, IN 46203-5236

    $200,000
    Estimated value
    0.10 AC lot
    View details
    4002 Arlington Ave
    PARKING GARAGE, PARKING STRUCTURE

    4002 Arlington Ave, Indianapolis, IN 46203-6172

    $245,000
    Estimated value
    4,212 sqft 1.66 AC lot
    View details
    1340 Terminal Rd
    PARKING GARAGE, PARKING STRUCTURE

    1340 Terminal Rd, Indianapolis, IN 46217-9342

    $215,000
    Estimated value
    16,471 sqft 3.89 AC lot
    View details
    5508 16th St
    PARKING GARAGE, PARKING STRUCTURE

    5508 16th St, Indianapolis, IN 46218-4936

    $250,000
    Estimated value
    29,260 sqft 2.53 AC lot
    View details
    2228 College Ave
    PARKING LOT

    2228 College Ave, Indianapolis, IN 46205

    $180,000
    Estimated value
    0.61 AC lot
    View details
    Rockville Rd
    PARKING LOT

    Rockville Rd, Indianapolis, IN 46224

    $245,000
    Estimated value
    9,800 sqft 0.31 AC lot
    View details
    1722 Southeastern Ave
    PARKING GARAGE, PARKING STRUCTURE

    1722 Southeastern Ave, Indianapolis, IN 46201-3957

    $210,000
    Estimated value
    0.14 AC lot
    View details
    1901 Illinois St
    PARKING LOT

    1901 Illinois St, Indianapolis, IN 46202

    $170,000
    Estimated value
    0.28 AC lot
    View details
    1102 Shelby St
    PARKING LOT

    1102 Shelby St, Indianapolis, IN 46203

    $200,000
    Estimated value
    0.18 AC lot
    View details
    5042 Elliott Ave
    PARKING LOT

    5042 Elliott Ave, Indianapolis, IN 46201

    $330,000
    Estimated value
    17,076 sqft 0.39 AC lot
    View details
    5435 Thompson Rd
    PARKING LOT

    5435 Thompson Rd, Indianapolis, IN 46237-2087

    $195,000
    Estimated value
    0.51 AC lot
    View details
    4075 Millersville Rd
    PARKING GARAGE, PARKING STRUCTURE

    4075 Millersville Rd, Indianapolis, IN 46205

    $215,000
    Estimated value
    7,790 sqft 0.29 AC lot
    View details
    3266 Meridian St
    PARKING GARAGE, PARKING STRUCTURE

    3266 Meridian St, Indianapolis, IN 46208-5846

    $980,000
    Estimated value
    37,614 sqft 1.33 AC lot
    View details
    4803 96th St
    PARKING GARAGE, PARKING STRUCTURE

    4803 96th St, Indianapolis, IN 46268-1002

    $345,000
    Estimated value
    10,010 sqft 2.94 AC lot
    View details
    320 Market St
    PARKING GARAGE, PARKING STRUCTURE

    320 Market St, Indianapolis, IN 46204-2839

    $4,305,000
    Estimated value
    290,316 sqft 1.97 AC lot
    View details
    1000 Arlington Ave
    PARKING GARAGE, PARKING STRUCTURE

    1000 Arlington Ave, Indianapolis, IN 46203

    $180,000
    Estimated value
    4,242 sqft 13.76 AC lot
    View details
    135 Pennsylvania St
    PARKING GARAGE, PARKING STRUCTURE

    135 Pennsylvania St, Indianapolis, IN 46204-2400

    $1,315,000
    Estimated value
    66,538 sqft 0.90 AC lot
    View details
    4803 96th St
    PARKING GARAGE, PARKING STRUCTURE

    4803 96th St, Indianapolis, IN 46268-1002

    $215,000
    Estimated value
    1.61 AC lot
    View details
    3765 Park Ave
    PARKING LOT

    3765 Park Ave, Indianapolis, IN 46205

    $95,000
    Estimated value
    2,275 sqft 0.06 AC lot
    View details
    123 Michigan St
    PARKING LOT

    123 Michigan St, Indianapolis, IN 46204

    $230,000
    Estimated value
    3,550 sqft 0.08 AC lot
    View details

    Indianapolis, IN Parking Lots & Garages Market Trends and Statistics

    Explore 72 parking lots & garages for sale in Indianapolis, IN on our real estate platform.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Office Spaces 806
    Land 570
    Retail properties & Spaces 428
    Office Units 396
    Office buildings 355

    Demographics Overview

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

    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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