Indianapolis, IN Specialty Properties for Sale

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87 properties

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Updated: Jul 31

Freestanding Day Care Center

5040 E Thompson Road, Indianapolis, IN 46237

$338,000

0.27 AC lot

0.27‑acre site at 5040 E Thompson Road, Indianapolis, IN 46237
C‑4 zoning supports childcare, retail, medical, office, pet services, and other neighborhood businesses
Fenced outdoor side and rear play yard
Constructed in 1973 with a built‑up roof
Near I‑465 and I‑69

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Updated: Jul 9

New Construction Duplex with Garages

752 N Elder Avenue, Indianapolis, IN 46222

$449,999

0.10 AC lot

Two‑unit duplex completed in 2025
Each residence includes 2 bedrooms and 2 bathrooms
Dedicated garage bay assigned to each unit
All‑brick construction on a 0.1‑acre lot
LVP flooring, stainless steel appliances, and granite countertops

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Day Care Property with Parking

104 E 38th Street, Indianapolis, IN 46205

$299,000

0.30 AC lot

Ranch-style layout includes a full kitchen, dining area, living space, and durable hard-surface flooring.

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See what stands out in Marion County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

Cap Rate available after sign in

NOI available after sign in

Local Demand available after sign in

Renovated Multi-Tenant Warehouse

3031 South Holt Road, Indianapolis, IN 46221

$795,000

10,000 sqft

Renovated industrial space with C5 zoning and automotive uses permitted.

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Fenced Wedding Venue

1718 Lafayette Road, Indianapolis, IN 46222

$1,300,000

1.73 AC lot

Event facility on a 1.73-acre commercial site with C-3 zoning and an active lease.

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Duplex with Dedicated Garages

227 N Hamilton Avenue, Indianapolis, IN 46201

$449,999

0.12 AC lot

Two-unit layout pairs modern finishes with private garage parking and in-unit laundry.

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Commercial Land Parcel

1856 W Morris Street, Indianapolis, IN 46221

$50,000

0.14 AC lot

Small commercial-zoned lot in Indianapolis suited for future site development or business use.

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Four-Tenant Strip Mall with National Tenants

1155 E Stop 11 Rd, Indianapolis, IN 46227

$2,380,000

7,000 sqft

Fully occupied retail center with four tenants operating under triple-net leases.

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Medical Center with NNN Lease

6925 Parksdale Place, Indianapolis, IN 46254

$1,285,000

1.60 AC lot

Occupied healthcare facility on a 1.6-acre parcel with central air, natural gas heat, carpeting, and restrooms.

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Dollar General NNN Property

3209 E Thompson Rd, Indianapolis, IN 46227

$729,000

8,995 sqft

Commercial property occupied by Dollar General in Indianapolis, Indiana.

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Occupied Flex Space

6625 Network Way, Indianapolis, IN 46278

$11,722,000

89,504 sqft

Office, warehouse, and lab components support a flexible commercial configuration with loading access and full occupancy.

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Recently Renovated Day Care Center

8485 Woodfield Crossing Blvd, Indianapolis, IN 46240

$1,270,000

9,397 sqft

Recently renovated KinderCare day care offers a new 10-year double-net lease commencing May 1, 2017.

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Indianapolis Garden Center with Greenhouses

5129 South Emerson Avenue, Indianapolis, IN 46237

$2,950,000

10,134 sqft 4.22 AC lot

Garden center with buildings, greenhouses, and cell tower income.

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Head Start Day Care NNN

5520 W 38th St, Indianapolis, IN 46254

$1,060,000

15,400 sqft

Fee-simple NNN sale with a federally designated Head Start tenant and recent tenant-funded renovation.

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Detached Specialty Property

2131 E 54th Street, Indianapolis, IN 46220

$560,000

5,530 sqft

Exterior features include privacy and detached construction.

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Church Facility with Office Space

3429 Prospect St, Indianapolis, IN 46203

$325,000

4,608 sqft

Flexible religious facility featuring a large assembly area, full kitchen, offices, and an open lower level.

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Multi-Tenant Mixed-Use Buildings

1915 Southeastern Avenue, Indianapolis, IN 46201

$750,000

9,720 sqft

Two income-producing buildings on one parcel offer a leased restaurant and additional space with multiple prior leasing configurations.

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Freestanding Office and Daycare Building

4521 Independence Sq, Indianapolis, IN 46203

Contact for pricing

4,928 sqft 1.08 AC lot

Freestanding 4,928-square-foot building on 1.08 acres, vacant and well-maintained, zoned CS for a variety of commercial uses.

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NNN Property

502 North Rural Street, Indianapolis, IN 46201

Contact for pricing

12,008 sqft

The property was built in 1985.

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Range USA NNN Property

120 Country Club Rd, Indianapolis, IN 46234

Contact for pricing

15,000 sqft 4.00 AC lot

Indoor shooting range operated under a net lease with three renewal options and scheduled rent increases.

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Wawa Absolute NNN Property

5520 W 86th St, Indianapolis, IN 46268

Contact for pricing

5,919 sqft

Wawa occupies the site under a long-term absolute NNN ground lease with no landlord responsibilities.

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River’s Edge Net-Leased Shopping Center

4335 E 82nd St, Indianapolis, IN 46250

Contact for pricing

13,373 sqft

Fully leased retail center with staggered rollover and a multi-tenant net lease structure.

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Wendy’s NNN Ground Lease Property

5055 West Washington Street, Indianapolis, IN 46241

Contact for pricing

2,995 sqft

Absolute NNN ground lease property associated with Wendy’s and positioned within a Kroger shadow setting.

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Specialty Property Near Major Anchors

6001 East 86th Street, Indianapolis, IN 46250

Contact for pricing

13,911 sqft

Positioned in an established trade area near Castleton Square Mall and Castleton Office Park.

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Indianapolis, IN Specialty Properties Market Trends and Statistics

Explore 87 specialty properties for sale in Indianapolis, IN, showcased through 87 active listings on our real estate platform. These investment opportunities span a total of 1,236,965 square feet of properties for sale, with an estimated market value of $36,866,696.

Sale prices for properties in Indianapolis, IN start at $50,000, averaging $1,189,248, and reaching up to $11,722,000 — 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
46203	$291.7K
46218	$299K
46231	$329K
46219	$350K
46205	$384.6K

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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Indianapolis, IN Specialty Properties for Sale

5040 E Thompson Road, Indianapolis, IN 46237

752 N Elder Avenue, Indianapolis, IN 46222

104 E 38th Street, Indianapolis, IN 46205

3031 South Holt Road, Indianapolis, IN 46221

1718 Lafayette Road, Indianapolis, IN 46222

227 N Hamilton Avenue, Indianapolis, IN 46201

1856 W Morris Street, Indianapolis, IN 46221

1155 E Stop 11 Rd, Indianapolis, IN 46227

6925 Parksdale Place, Indianapolis, IN 46254

3209 E Thompson Rd, Indianapolis, IN 46227