Available Retail Space Listings in Indianapolis, IN

Search 120 retail listings in Indianapolis, IN and find helpful local stats in the Market Overview section below.

Speedway Shoppes

5945 Crawfordsville Rd, Speedway, Indianapolis, IN
Property

Retail
Availability

1 Space

1,280 SF
For Lease Contact for pricing
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Union Square

1233 Shelby Street, Fountain Square, Indianapolis, IN
Property

Retail

1,674 SF
Availability

1 Space

1,674 SF
For Lease Contact for pricing
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609-611 N Delaware St

609-611 N Delaware St, St. Joseph, Indianapolis, IN
Property

Retail

11,344 SF
Availability

1 Space

11,344 SF
Year Built

1953
For Lease

$12.00/SF/YR
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Centre East

10537 E. Washington Street, Creekside Woods, Indianapolis, IN
Property

Retail

200,000 SF
Availability

1 Space

1,733 SF
For Lease Contact for pricing
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3701 Shadeland Ave.

3701 Shadeland Ave., Arlington Woods, Indianapolis, IN
Property

Retail

22,750 SF
Availability

1 Space

1,100 SF
Year Built

1960
For Lease Contact for pricing
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Retail / Office @ Parkside at Tarkington

3901 N Meridian Street, Meridian - Kessler, Indianapolis, IN
Property

Retail

57,728 SF
Availability

1 Space

8,000 SF
For Lease Contact for pricing
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6925 S Franklin Rd

6925 S Franklin Rd, Franklin Place, Indianapolis, IN
Property

Retail

10,800 SF
Availability

3 Spaces

5,400 SF
Year Built

2023
For Lease

$28.00 - $32.00/SF/YR
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Westlane Shopping Center

7115 Michigan Road, Crooked Creek, Indianapolis, IN
Property

Retail

17,000 SF
Availability

1 Space

12,435 SF
For Lease Contact for pricing
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5331 W. Washington St.

5331 W. Washington St., Linhurst, Indianapolis, IN
Property

Retail

18,067 SF
Availability

1 Space

7,719 SF
For Lease

$10.25/SF/YR
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Marko on the Canal

6280 N College Avenue, Warfleigh, Indianapolis, IN
Property

Retail

26,471 SF
Availability

2 Spaces

12,134 SF
For Lease Contact for pricing
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German Church Shops

10935 E. Washington Street, Creekside Woods, Indianapolis, IN
Property

Retail

500,000 SF
Availability

1 Space

5,834 SF
For Lease Contact for pricing
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Former Goodyear Building For Lease

6411 East 82nd Street, Castleton, Indianapolis, IN
Property

Retail

8,225 SF
Availability

1 Space

8,225 SF
For Lease Contact for pricing
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Penrose on Mass Project

530 Massachusetts Ave, Chatham Arch and Mass Avenue, Indianapolis, IN
Property

Retail

39,000 SF
Availability

2 Spaces

9,555 SF
For Lease Contact for pricing
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Barnes & Thornburg Building

11 South Meridian Street, Wholesale District, Indianapolis, IN
Property

Office

239,000 SF
Availability

1 Space

587 SF
Year Built

1908
For Lease Contact for pricing
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9910-9994 East Washington Street

9910-9994 East Washington Street, Easton, Indianapolis, IN
Property

Retail

60,630 SF
Availability

1 Space

1,400 SF
Year Built

1978
For Lease Contact for pricing
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5417 E. 38th St.

5417 E. 38th St., Audubon Gardens, Indianapolis, IN
Property

Retail

12,720 SF
Availability

1 Space

2,800 SF
Year Built

1968
For Lease Contact for pricing
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5641 E. 86th St.

5641 E. 86th St., Castleton, Indianapolis, IN
Property

Retail

3,200 SF
Availability

1 Space

3,200 SF
For Lease Contact for pricing
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3832 Eagle View Dr

3832 Eagle View Dr, The Highlands, Indianapolis, IN
Property

Retail

3,859 SF
Availability

1 Space

3,859 SF
For Lease

$30.00/SF/YR
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Endcap with Drive Thru Potential

10863 E. Washington Street, Creekside Woods, Indianapolis, IN
Property

Retail

25,000 SF
Availability

1 Space

4,824 SF
For Lease Contact for pricing
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Crossing at 96th Street

1300 East 96th Street, Central Nora, Indianapolis, IN
Property

Retail

120,000 SF
Availability

1 Space

120,000 SF
Year Built

1995
For Lease Contact for pricing
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Retail Space Rents in Indianapolis, IN

Rent costs for this type of commercial space depend on a variety of factors. The foremost of these is location, which will dictate how accessible a business is and how much foot traffic it gets. Other factors, such as space type and lease structure, also come into play. On average, retail space for lease in Indianapolis asks $23.06 per square foot.

Retail Space Lease Types in Indianapolis, IN

The most common type of lease agreement you’ll find here is NNN, with 58 space(s) available under this type of arrangement. The local market is also home to 6 retail space(s) offered under a Full Service lease agreement type, and 5 Modified Gross listing(s).

Most Common Type of Lease for Retail Buildings in Indianapolis, IN

NNN 58
Full Service 6
Modified Gross 5

Average Size of Retail Space for Lease in Indianapolis, IN

The average size for this type of rental opportunity in Indianapolis is 1,000 sqft to 2,500 sqft. Currently, the local market offers 85 listing(s) within that size range. You can also search 67 listing(s) in the more than 5,000 sqft range. It should be noted that spaces in this real estate category are generally specialized to cater to the needs of a particular business, so the average sizes of different retail space types can vary greatly.

Retail Space Types You Can Lease in Indianapolis, IN

Retail space in Indianapolis comes in all types, shapes, and sizes, so you have a good chance to find the right space for your business. The most common type here is listed as Interior Retail and you can find 29 such space(s) available.  

Interior Retail spaces listed for rent here have an average size of 6,959 square feet. Interior retail space can accommodate a wide variety of vendors and is designed specifically to enhance the experience of the clients and to encourage them to engage with the products and services that are being offered.

The local market is also home to 14 space(s) listed as Street Retail. The average size you can expect to find for this category is 4,256 square feet. You’ll find street retail spaces are mostly located in urban and suburban areas that have high foot traffic. This type of space is often a great choice for smaller retailers that are looking for well-positioned points of sale.

What’s more, you can find 6 listing(s) in the Restaurant category, currently available in the average size of 5,173 square feet. Retail space specialized for restaurants usually includes ample seating areas and enough room for the safe preparation of food. Restaurant spaces may be embedded in a larger mall or can be freestanding buildings.

Number of Retail Spaces for Lease in Indianapolis, IN, by Use Type

Interior Retail

29

Street Retail

14

Restaurant

6

Community Center

4

Average Retail Listing Size in Indianapolis, IN, by Use Type

Interior Retail

6,959 sq. ft.

Street Retail

4,256 sq. ft.

Restaurant

5,173 sq. ft.

Community Center

5,956 sq. ft.

However, besides these popular subtypes, the market has a lot to offer for entrepreneurs looking for the right space to promote their business and get their goods to customers.

Top Locations to Lease Retail Space in Indianapolis, IN

In general, the most successful retail businesses are located within relatively close proximity of each other, which leads to some neighborhoods becoming famous shopping destinations. Even in the case of suburban strip malls, the simple fact that so many different products can be purchased under the same roof can encourage customers to spend more.

Castleton is your top choice for lease opportunities, as it is currently home to the highest number of listings — 23 retail space(s). The most popular space type here is Interior Retail. You can find 6 such listing(s) here.

Indianapolis’s second most popular area is College Park, where you can find 16 retail listing(s). The most likely type of space you can rent here is Restaurant. If this is the kind of property you are looking for, you will find 2 listing(s) available here.

Arlington Woods is also among the best areas to search for your next commercial space. Here you can find 14 retail space(s) available for consideration by prospective tenants, of which 3 are Community Center.

Top Locations to Lease Retail Space in Indianapolis, IN

Castleton

23

College Park

16

Arlington Woods

14

East Avalon Hills

13

Park 100

11

Key Factors to Consider When Choosing a Retail Space for Lease

When you’re looking to give your business a storefront, there are a lot of decisions to be made. The first choice is, of course, location. You’ll have to decide whether your business would operate better in the heart of the city or if it is more likely to thrive in a suburban setting.

How much space do you think you will need? A smaller, more specialized business may find a mall space to be more than accommodating, but if you’re looking to set up a business like a diner, car wash, or furniture store, a freestanding space or big box retail space in a shopping center may be more appropriate.

Data based on retail spaces listed for rent on CommercialSearch.com

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