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    Indianapolis, IN Sports & Entertainment Properties for Sale

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    Historic Office Building with Fitness Center
    Updated: Feb 1, 2025
    Historic Office Building with Fitness Center

    241 N Pennsylvania St, Indianapolis, IN

    $4,950,000
    31,187 sqft 0.18 AC lot
    LEED GOLD Certified building
    On‑site sub‑surface parking with 13 spaces
    Enjoy the convenience of an on‑site fitness center with showers & locker room
    Highly‑visible building signage potential
    Historic, early‑century style building
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    This listing looks promising.

    Here's a quick look at some key insights for

    241 N Pennsylvania St, Indianapolis, IN

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    • Est. Cap Rate

      8.3%
      Above avg (5.9%)

    • Est. NOI

      $412K
      Annual

    • Price @ 7% Cap

      $5.88M
      Above asking
    View Property Analytics
    Keystone Avenue Office Building
    Updated: Sep 25, 2025
    Keystone Avenue Office Building

    4755 Kingsway Dr. |, Indianapolis, IN 46205

    Contact for pricing
    73,000 sqft
    Full floor available, offering a large and customizable workspace.
    Excellent location on N. Keystone Ave, providing easy access to Downtown Indianapolis and Broad Ripple Village.
    New building façade, common areas, carpet, paint, and cove base throughout.
    Affordable workspace suitable for small business owners and professionals.
    Building signage available with ample parking.
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    Class A Office Space Available
    Class A Office Space Available

    9449 Priority Way W Dr, Indianapolis, IN

    Contact for pricing
    4,297 sqft 66.78 AC lot

    Class A office space in amenity-rich Keystone submarket.

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    Freestanding Building Near University
    Freestanding Building Near University

    3808 Shelby St, Indianapolis, IN

    Contact for pricing
    10,344 sqft 1.02 AC lot

    Freestanding building across from the University of Indianapolis.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Freestanding Building Near University
    Freestanding Building Near University

    3808 Shelby St, Indianapolis, IN 46227

    Contact for pricing
    10,344 sqft

    Theater and academy building near the University of Indianapolis.

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 5 Active listings in Indianapolis, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 67 Off-Market properties to explore as potential leads, plus 4 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.

    27-Hole Public Golf Facility
    27-Hole Public Golf Facility

    985 S Simpson Drive, Winchester, IN 47394

    $2,849,000
    202.00 AC lot

    Fully irrigated public course with clubhouse, driving range, event pavilion, maintenance facility, and staff residence on 202 acres.

    View details
    Established Golf Facility For Sale
    Established Golf Facility For Sale

    985 Simpson Dr, Winchester, IN 47394

    $2,849,000
    202.00 AC lot

    Full-service golf facility with 27 holes on 202 acres.

    View details
    65-Acre Campground with Event Center
    65-Acre Campground with Event Center

    625 N State 75 Road, Flora, IN 46929

    $3,150,000
    300 sqft 65.00 AC lot

    65-acre campground featuring diverse recreational amenities and event facilities.

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    Campground Land with Creek
    Campground Land with Creek

    625 N State 75 Road, Flora, IN 46929

    $3,150,000
    65.00 AC lot

    65-acre campground with a 3-bedroom apartment, event center, cabins, and recreation amenities, anchored by a creek running through the property.

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    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.

    Showland Theater with 7 Screens
    Showland Theater with 7 Screens

    2745 N Oak Road, Plymouth, IN 46563

    $1,500,000
    10.00 AC lot

    Multi-screen theater with seven screens and 10 acres of commercial land, suited for entertainment operations or adaptive reuse.

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    Residential Lot in Planned Community
    Residential Lot in Planned Community

    4263 Osiris Lane, Fort Wayne, IN 46825

    $149,900
    0.32 AC lot

    Buildable lot within The Villages of Arneo, with planned amenities and planned commercial area nearby.

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    Residential Lot in Planned Community
    Residential Lot in Planned Community

    4356 Veritas Boulevard, Fort Wayne, IN 46825

    $164,900
    0.54 AC lot

    Build on a homesite within The Villages of Arneo, with community parks and trails in a growing development.

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    Residential Development Lot
    Residential Development Lot

    8871 Kepler Boulevard, Fort Wayne, IN 46825

    $164,900
    0.55 AC lot

    Homes-owned lot in The Villages of Arneo with access to community parks and walking trails.

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    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.

    1349 Ridgeview Dr
    THEATER (MOVIE)

    1349 Ridgeview Dr, Indianapolis, IN 46219

    Value Estimation by Request
    9,502 sqft 0.22 AC lot
    View details
    175 Southern Plz Dr
    BOWLING ALLEY

    175 Southern Plz Dr, Indianapolis, IN 46227-1421

    $670,000
    Estimated value
    24,339 sqft 3.90 AC lot
    View details
    7551 Oaklandon Rd
    THEATER (MOVIE)

    7551 Oaklandon Rd, Indianapolis, IN 46236-9797

    Value Estimation by Request
    13,134 sqft 7.61 AC lot
    View details
    11611 75th St
    GOLF COURSE

    11611 75th St, Indianapolis, IN 46236-8446

    Value Estimation by Request
    4,000 sqft 132.76 AC lot
    View details
    1635 Michigan St
    THEATER (MOVIE)

    1635 Michigan St, Indianapolis, IN 46222-3852

    $810,000
    Estimated value
    17,280 sqft 6.43 AC lot
    View details
    5119 Rinehart Ave
    THEATER (MOVIE)

    5119 Rinehart Ave, Indianapolis, IN 46241

    Value Estimation by Request
    1,452 sqft 0.52 AC lot
    View details
    1210 22nd St
    THEATER (MOVIE)

    1210 22nd St, Indianapolis, IN 46202-1921

    Value Estimation by Request
    2,800 sqft 0.16 AC lot
    View details
    963 Girls School Rd
    THEATER (MOVIE)

    963 Girls School Rd, Indianapolis, IN 46214-3669

    $1,000,000
    Estimated value
    30,598 sqft 5.20 AC lot
    View details
    3014 Arbor Ave
    THEATER (MOVIE)

    3014 Arbor Ave, Indianapolis, IN 46217-3102

    Value Estimation by Request
    1,648 sqft 0.32 AC lot
    View details
    2905 Carson Ave
    THEATER (MOVIE)

    2905 Carson Ave, Indianapolis, IN 46203-5259

    Value Estimation by Request
    12,901 sqft 8.00 AC lot
    View details
    2601 Thompson Rd
    THEATER (MOVIE)

    2601 Thompson Rd, Indianapolis, IN 46227-4450

    Value Estimation by Request
    11,773 sqft 5.06 AC lot
    View details
    3642 Emerson Ave
    THEATER (MOVIE)

    3642 Emerson Ave, Indianapolis, IN 46218-1736

    Value Estimation by Request
    8,680 sqft 0.62 AC lot
    View details
    3611 34th St
    THEATER (MOVIE)

    3611 34th St, Indianapolis, IN 46218-2167

    Value Estimation by Request
    1,456 sqft 0.42 AC lot
    View details
    3418 20th St
    THEATER (MOVIE)

    3418 20th St, Indianapolis, IN 46218-4402

    Value Estimation by Request
    1,836 sqft 0.12 AC lot
    View details
    5885 Crittenden Ave
    THEATER (MOVIE)

    5885 Crittenden Ave, Indianapolis, IN 46220-2840

    $1,060,000
    Estimated value
    28,653 sqft 3.93 AC lot
    View details
    1075 Hosbrook St
    THEATER (MOVIE)

    1075 Hosbrook St, Indianapolis, IN 46203-1013

    Value Estimation by Request
    2,560 sqft 0.36 AC lot
    View details
    6833 Massachusetts Ave
    BOWLING ALLEY

    6833 Massachusetts Ave, Indianapolis, IN 46226-5651

    $940,000
    Estimated value
    40,440 sqft 5.00 AC lot
    View details
    2357 Carrollton Ave
    THEATER (MOVIE)

    2357 Carrollton Ave, Indianapolis, IN 46205-4519

    Value Estimation by Request
    4,312 sqft 0.14 AC lot
    View details
    2731 Bethel Ave
    THEATER (MOVIE)

    2731 Bethel Ave, Indianapolis, IN 46203-3104

    Value Estimation by Request
    10,656 sqft 0.78 AC lot
    View details

    Indianapolis, IN Sports & Entertainment Properties Market Trends and Statistics

    Explore 72 sports & entertainment properties for sale in Indianapolis, IN, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 37,692 square feet of properties for sale, with an estimated market value of $6,100,000.

    Sale prices for sports & entertainment properties in Indianapolis, IN start at $1,150,000, averaging $3,050,000, and reaching up to $4,950,000 — 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

    Fitness centers & gyms 23
    Theaters & concert halls 2

    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
    46205 $575K

    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

    • 46205
    • 46227

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