Indianapolis Real Estate | Indianapolis Commercial Properties for Sale

Prime Commercial Opportunity on Pendleton Pike! Outstanding high-visibility commercial property offering 2,540 sq. ft. of versatile space along one of Indianapolis's busiest corridors. Located directly on Pendleton Pike with heavy daily traffic counts, this property provides exceptional exposure for your business, medical practice, office, or retail operation. Property Highlights: Size: 2,927 sq. ft. adaptable floor plan featuring customer reception/lobby area, private offices/treatment rooms, and dedicated storage space. Accessibility & Parking: Ample asphalt parking lot with easy ingress/egress for clients, patients, and staff. Bonus Income Potential: Includes a billboard structure on-site. Note: The billboard structure itself is leased and owned by an external signage company, generating consistent lease income for the property owner. Location: Convenient access to I-465, Binford Blvd, and surrounding retail/business hubs. Ideal for an owner-occupant looking to establish a presence in a high-growth area or an investor seeking a commercial asset with extra lease income. Schedule your showing today!

7102 Pendleton Pike, Indianapolis

$2,125,000

22115904 MLS

FOR SALE ONLY - Park 100 Area Rare - Hard to find Industrial Building with 20' clear ceilings and 2 docks & 3 drive-ins. 17 parking spaces Concrete Panels construction. Has Office & small showroom. Shown by List Broker with appointment.

6230 N Corporate Drive, Indianapolis

$260,000

22114232 MLS

Commercial property zoned non-residential-C3. This property has great potential for multiple uses. It was formerly a bar. More recently it was used for a fencing company. It could be used as multi-tenant office space. The building is 2 levels plus a basement. Upstairs is a bathroom with a standup shower. There are many items inside that will be removed prior to closing. If the buyer has any interest in the contents, a price can be negotiated.

5066 E Michigan Street, Indianapolis

$1,750,000

22113764 MLS

Looking for room to grow? This 7,548 SF former medical office offers a flexible, ADA-accessible layout that could work well for a medical office, church, daycare, community organization, or other professional use. Tons of recents improvements throughout including a new roof, water heater, eight gas furnaces and AC units, motion-sensored flood lights, new LED lighting, resurfaced parking lot, and More! Inside, you'll find three private offices, four restrooms, a conference room, break room, large waiting area, and a huge open room that could be used as a sanctuary, classroom, activity area, treatment space, showroom, or collaborative workspace. Two parking lots provide nearly 50 spaces, while multiple entrances make access easy for staff, clients, and visitors. Don't miss this one!

6635 E 21st Street, Indianapolis

$1,200,000

22112794 MLS

2.5 acre parcel go with a home currently zoned residential. This is the next one in line that could be zoned commercial on the street. Property would need to be rezoned for commercial use. Within a few minute drive of I-465.

5616 Victory Drive, Indianapolis

$575,000

22107102 MLS

Rare opportunity to establish your business in the Castleton area. Ideally positioned with approximately 120 feet of frontage along high traffic East 82nd St (~44,000 vehicles per day) enhanced by a monument sign. The property offers 6 parking spaces in the front of the building, with an additional 6-8 in the rear and room to expand the parking lot Inside is space for a receptions area, conference room, 2-3 offices, as well as a break room and ample storage. Positioned within the thriving Castleton trade area, the property benefits from a strong concentration of retail, medical, professional office, and restaurant users, creating a vibrant business environment with significant daytime traffic. Convenient access to I-465 and I-69 places the property within a 15-30 minute drive of downtown Indianapolis and most northern and eastern suburbs. C-1 (Neighborhood Commercial) zoning allows for a broad range of professional office and neighborhood commercial uses, making the property an excellent fit for insurance, legal, accounting, financial services, real estate, medical or dental offices, counseling, personal services, boutique retail, and other compatible commercial uses.

7423 E 82nd Street, Indianapolis

$3,400,000

22109027 MLS

Originally constructed in 1898 by local businessman Herman E. Martens, the building is a beautifully restored example of Classical Revival architecture, featuring unique pentagonal design elements, limestone detailing, and large bay windows. In the early 1990's the building was completely renovated and legally converted into 19 individual parcels. Martens HPR Unit #1 thru#19. The property was extensively renovated while preserving its historic character, offering residents a blend of vintage charm and modern convenience. The units have a combination of hardwood and vinyl flooring, new gourmet kitchens with stove, frig, microwave, dishwasher, disposal and granite/butcher block counters. Units have their own independent electric heat pumps for heating/cooling, electric water heater and 100-amp electric service. Today the building is operated as a 19-unit apartment house but could easily be converted to accommodate a multitude of investment opportunities. The building has nine-1 bedroom/one bathroom, one-1 bedroom/1.5 bathroom, eight- 2 bedroom/2 bathroom and one-2 bedroom/one bathroom. The buildings brick and limestone exterior, newer windows and updated electrical and plumbing keep maintenance cost low. Over the past few years, a new Firestone rubber membrane roof and two new Velux skylights have been installed. Situated near the intersection of Senate Avenue and Indiana Avenue, The Martens provides easy access to downtown Indianapolis attractions, cultural venues, restaurants, entertainment districts, and major employment centers. The building's central location within the Indianapolis Mile Square offer's easy access to both IU and Purdue's Indianapolis campuses (2 blocks to the west), Kroger's Grocery (1 block to the north), the Capitol Building (1 block to the south) and Lucas Oil Stadium (4 blocks to the south) The Martens offers a unique residential experience for those seeking historic character, a walkable downtown lifestyle in Indianapolis.

315 N Senate Avenue, Indianapolis

$1,299,000

22110697 MLS

This is your opportunity to secure a highly visible, highly accessible commercial site in one of Indianapolis' most connected corridors. This 4,928-square-foot freestanding former daycare sits on 1.08 acres and is ready for immediate use. The property is vacant, well-maintained, and fully positioned for an owner-user or investor who wants a plug-and-play location with long-term upside. With ample parking and a functional layout, it is a true turnkey opportunity in a tightening commercial submarket. What makes this location stand out is its access. Just minutes from I-465, I-65, and I-74, the property connects effortlessly to the entire Indianapolis metro. Whether you're serving downtown, Greenwood, Beech Grove, or the surrounding residential neighborhoods, this site puts you in the center of daily traffic flow and strong population density. The surrounding area continues to grow through residential expansion, industrial development, and steady commercial infill, creating a stronger demand base every year. As major developments push outward from the core, properties like this become increasingly rare-functional, flexible, and already in place. Zoned CS (Commercial Service) in Marion County, the property supports a wide range of uses including professional and medical offices, daycare or educational facilities, veterinary clinics, fitness or wellness studios, salons and personal services, small-format retail, and other neighborhood-serving commercial operations. This flexibility makes it ideal for both immediate occupancy and long-term repositioning. This is a clean, strategic entry point into a growing corridor with strong connectivity, daily exposure, and multiple use possibilities-all in a location where supply is tightening and demand continues to rise.

4521 Independence Square, Indianapolis

$850,000

22110775 MLS

955 Oliver Avenue presents a rare opportunity to acquire a highly visible church property positioned directly in the path of one of Indianapolis' most significant transformational developments. Located just across the street from Elanco's Global Headquarters, this property sits within the rapidly evolving Near West / Downtown Indianapolis redevelopment corridor where billions of dollars of public and private investment are reshaping the area. The new Elanco campus is serving as a catalyst for substantial residential, commercial, infrastructure, and mixed-use development throughout the surrounding neighborhood, creating exceptional long-term redevelopment potential and increasing demand for strategically located real estate. The property offers immediate access to Downtown Indianapolis, I-65, I-70, and major employment centers, placing it in the center of a corridor experiencing unprecedented growth and reinvestment. As the Near West side continues its transformation into a premier live-work-play destination, 955 Oliver Avenue is uniquely positioned to benefit from rising property values, increased neighborhood activity, and future redevelopment opportunities. Whether for continued religious use, community-oriented operations, institutional use, or a visionary redevelopment project, this property represents a compelling chance to secure a prominent site in one of Indianapolis' fastest-changing urban districts.

955 Oliver Avenue, Indianapolis

$3,800,000

22108062 MLS

This rare industrial property offers 4,242 sq. ft. of versatile space, including 828 sq. ft. of office space and over 3,000 sq ft of manufacturing/warehouse/industrial space, situated on 13.56 acres of I-3 zoned land, making it an excellent opportunity for businesses needing storage, manufacturing, or expansion. The building features two 14-ft overhead doors, providing easy access for large vehicles and equipment. Recent updates include remodeled bathrooms, new flooring, fresh paint, and upgraded lighting throughout. Conveniently located with easy access to I-465 and I-70, this property is ideal for a variety of industrial and commercial uses. Recently the property was used by an excavating company utilizing the building and outdoor space.

1000 S Arlington Avenue, Indianapolis

$2,950,000

22110521 MLS

Position your business in a highly visible and accessible 11,780 SF standalone office building situated on a 1.2 acre lakefront lot at the gateway to Carmel and Fishers. Built in 2004 and remodeled, this property offers a professional image, functional layout, and abundant natural light with windows on all sides. The building is thoughtfully configured for immediate occupancy, featuring 28 private offices, open work areas with built-in workstations, multiple conference rooms, a welcoming front lobby and a full kitchen. Multiple entrances provide flexibility for departmental separation or client access. Ample on-site parking ensures convenience for employees and visitors alike. Additional improvements include a sprinkler and alarm system and excellent connectivity. Easy access to the interstate and major throughfares. This move-in ready office is an ideal solution for a growing company seeking long-term stability, branding control and a premier North Metro location.

4929 E 96th Street, Indianapolis

$2,100,000

22110469 MLS

The subject is a two story all brick office building on approximately 1.426 Acres located in the College Park Commercial Complex. The commercial applications for this property are nearly endless being that it is zoned C4 which includes ALL TYPES of commercial and professional offices; educational facilities, daycare uses; religious organizations, AND EVEN RESTAURANT AND RETAIL USES. The property includes an asphalt parking lot of nearly 36,000 square foot asphalt parking lot on all sides of the building. THIS PROPERTY IS A MUST-SEE AND THE PERFECT FIT FOR A NATIONAL OFFICE LOCATION!!!

3333 Founders Road, Indianapolis

$200,000

22108836 MLS

Opportunity awaits with this 1,575 sq. ft. commercial church property situated on a prominent corner lot in an up-and-coming Indianapolis neighborhood. Zoned C4 Commercial, this one-story building features a spacious sanctuary, two additional meeting/classroom spaces, restroom facilities, a handicap-accessible entrance ramp, and an on-site grass parking area located south of the building. The flexible layout offers excellent potential for continued religious use or adaptive reuse for office, nonprofit, community, or other permitted commercial uses, subject to zoning and municipal approval. Served by public utilities and offering excellent visibility, this property is an ideal opportunity for an owner-user or investor. Property is being sold As-Is.

1913 Prospect Street, Indianapolis

$191,500

22109284 MLS

2411 square feet total building Zoned C-4. Equally divided into approximately (2) 1200 sq ft units. One unit is newly renovated including new furnace, new drywall, paint, electrical wiring, flooring and many more updates. The other unit currently is tenant occupied renting at $1500.00 per month with 2 months remaining on the lease. The tenant utilizes the space as a cooking kitchen. This building also has a basement for storage that is not included in the square footage. A must see!!!!

4602 E 10th Street, Indianapolis

$120,000

22109478 MLS

Unlock your portfolio's next major milestone with this versatile Commercial building situated in a highly sought-after, growing neighborhood. Positioned in a strong development corridor, minutes from Downtown Indianapolis, this property is the ultimate Redevelopment Opportunity for visionaries. Capitalize on this premium strategic location that continues to draw new businesses and foot traffic, ensuring a reliable Investor opportunity. Whether you are looking to renovate, re-tenant, or completely rebuild, this Investment Opportunity is primed for a high appreciation area trajectory. Don't miss your chance to secure a cornerstone asset in one of the city's most dynamic growth zones.

3125 E New York Street, Indianapolis

$250,000

22109477 MLS

Unlock massive potential with this prime Commercial building located in the highly sought-after Mapleton Fall Creek neighborhood. Perfectly positioned as a premier Redevelopment Opportunity Near Downtown Indianapolis, this property boasts a Strategic location within a Strong development corridor. Situated in a Growing neighborhood known for its High Appreciation area trends, this Investment Opportunity is ideal for buyers looking to capitalize on market momentum. Bring your creative vision to life and make this unparalleled investor opportunity the shining star of your investment portfolio.

512 E 30th Street, Indianapolis

$349,000

22109156 MLS

Bring your business vision to life with this fantastic commercial property located at 1001 E 30th Street! In the heart of the popular Monon Yard neighborhood and adjacent to the Monon and Fall Creek Trails. This garage boast a highly desirable C-4 zoning. This property is perfectly positioned for major business opportunity growth. So start a cute coffee shop with built in parking, a real estate office or any high visibility demanding business. This section of 30th is bustling with development. This property features a single-story, 1,902-square-foot building with 3 car bays situated on a spacious two parcels, gated 9,531-square-foot (0.22-acre) lot. Originally built in 1971, this site most recently operated as a successful towing and auto service center still equipped with a car lift. The existing layout and secure lot offer an ideal setup for a commercial garage, or a variety of other commercial uses. Park a big mac truck right in this little garage before someone else does.

1001 E 30th Street, Indianapolis

$159,000

22109160 MLS

This property is zoning C3 an excellent investment to support a wide variety of business ventures. Recently remodeled, it features fresh paint, and complete rewiring, providing a modern and updated space use. Located in a high-traffic area, this property offers outstanding visibility and accessibility for both existing businesses and new entrepreneurs looking to establish a successful operation.

5707 E 38th, Indianapolis

$380,000

22107440 MLS

Rare four-parcel mixed-use offering totaling 0.36 acres (15,682 SF) in a rapidly appreciating near-south Indianapolis corridor, easy interstate access, minutes from downtown, Fountain Square, and Bates-Hendricks. The 4,380 SF two-story building provides flexible owner-user space: a ground-floor office and rear warehouse served by a drive-in door (10' W x 9' H, with height-expansion potential), plus a recently renovated upper-level 2-bed/1-bath apartment suited to live-work use or rental income. Heating is provided by a functional boiler-and-radiator system; newer roofing covers the front office and residential portions, while the rear warehouse has an older flat roof. Three of the four contiguous, separately platted lots are vacant, offering expansion, parking, or redevelopment flexibility amid active land assembly in the immediate area. Delivered vacant for immediate occupancy - a versatile value-add or assemblage opportunity. Buyer to verify zoning and square footage.

2121 Madison Avenue, Indianapolis

$3,900,000

22108271 MLS

Rare opportunity to acquire a well-maintained, mixed-use investment property in the heart of Indianapolis. With over 20,000 square feet, this versatile site is zoned CBD-2, allowing for a wide range of uses including retail, office, and multifamily development. The property provides immediate income with tenants in place while offering exceptional flexibility for redevelopment or owner occupancy. Building features include elevator service, a dry sprinkler system, energy-efficient LED lighting throughout, and new AC units within the last 5 years. Over 20 paved parking spaces are included, with an additional gravel lot for more parking or future development potential. Located in the thriving Market East District, the property is minutes away from Mass Ave, the Cultural Trail, Gainbridge Fieldhouse, and some of the best dining in the city! Whether you're seeking a stable investment, value-add opportunity, or future redevelopment play, this site offers a unique combination of location, flexibility, and long-term upside in one of Indy's most dynamic urban corridors.

536 E Market Street, Indianapolis

$250,000

22107765 MLS

Need office space and a small warehouse area with plenty of room to grow. Need a space with plenty of car traffic? Well, this is for you!!!!! So many commercial possibilities with this one. 6302 W Thompson Road sits at the. corner of High School and W Thompson. Easy access to highway 67 and extremely close to 465! This one is calling your name!

6302 W Thompson Road, Indianapolis

$249,999

22107341 MLS

4060 Crabtree, Indianapolis

$2,900,000

22105936 MLS

Unbeatable investment opportunity to own this 6-plex as a package with other Indy properties operating as 4.8-star and above airbnb and get their ratings. These mid-term furnished rentals (15 units in total)- 1305 Ringgold (duplex with 3br/3.5ba townhouses), 717 Randolph (duplex with 2br/2ba townhouses), 1525 Kennington (duplex with 3br/2ba townhouses),1529 Kennington (2br/1ba SFH) and 5724 Julian each of the six 1 bedroom/1 bathroom units have been thoughtfully renovated a few years back. As part of the renovations, the basement was transformed to create a laundry room, supplies room and storage rooms. Additional highlights include a parking lot with 6 dedicated parking spaces at the rear of the property with space for 2 extra spots. All properties currently operate as high-performing mid-term furnished rentals and corporate housing (1 to 6 month stays) with high ROI, these property presents a turnkey investment opportunity with strong income potential. Higher income potential if operated as short-term rentals.

5724 Julian Avenue, Indianapolis

$899,000

22105729 MLS

Purchase includes 3 parcels in total. Church, Lot across New York St. from Church. As well as big lot in rear of church. See photos. Church Sanctuary has seated more than 450 for service and events. Newly Renovated in 2022.

301 N Grant Avenue, Indianapolis

$275,000

22105107 MLS

Unlock the potential at 3611 E. 34th Street! This unique property offers an exceptional opportunity for churches, nonprofits, entrepreneurs, investors, and community organizations seeking a highly visible location with ample outdoor space. Currently configured for ministry use, the property sits on a generous parcel with room for expansion, recreation, community events, and outdoor programming. Imagine the possibilities: a thriving church campus, youth or sports ministry, daycare, community outreach center, food pantry, farmers market, neighborhood marketplace, educational facility, counseling center, office space, or nonprofit headquarters. The expansive grounds provide plenty of room for athletic fields, playgrounds, community gardens, outdoor worship services, festivals, and special events. Strategically located near major thoroughfares on Indianapolis' east side, this property offers excellent accessibility and visibility while serving a densely populated area with significant community growth opportunities. Existing features include gathering space, kitchen facilities, office areas, restrooms, parking, and flexible interior layouts that can be adapted to meet a variety of needs. Whether your vision is to expand a ministry, establish a community resource hub, create a neighborhood market, or develop a multi-purpose campus that serves the surrounding community, 3611 E. 34th Street provides the foundation to bring that vision to life. Rarely does a property with this combination of location, flexibility, parking, and usable land become available. Endless possibilities await!

3611 E 34th Street, Indianapolis

$425,000

22104845 MLS

50 N Hamilton Avenue, Indianapolis

$389,900

22104410 MLS

Beautiful brick bldg on prime lot; great visibility 38th frontage receiving over 25k in auto traffic daily, the same business corridor as Bank of America, Family Dollar, Rally's Restaurant and within .5 miles of the State Fairgrounds Appx. 575 SF on 1st level with private entry 2nd level up to 925 SF - 4 offices each with large closets for storage Features include secure common entrance with controlled access to each suite; Multiple zone alarmed system (partitioned for each suite), fully equipped kitchen, restroom on each level, up to 1000 SF of combined storage in attic and basement, plus storage and parking in over sized 3 car garage w/8 ft doors Rapid Transit Purple Line This property is zoned MU-1 21x31 three bay garage with 8ft overhead drs. Very conveniently Located on the indygo purple line and just 1 block from Oak Street Healthcare, DaVita kidney care, Bank of America, and Family dollar.

803 E 38th Street, Indianapolis

$685,000

22103728 MLS

Position your brand at one of Indianapolis' most visible northside retail corridors with this high-exposure restaurant/QSR opportunity at 5527 N Keystone Avenue. Formerly home to a long-standing local donut concept and currently configured for restaurant use, this highly recognizable site offers the exact characteristics national and regional QSR operators seek: signalized access, exceptional visibility, prominent signage, strong vehicle counts, dedicated parking, and potential drive-thru adaptability. Strategically located along the heavily traveled Keystone Avenue corridor near 56th Street, this site benefits from significant daily traffic flow and strong surrounding retail synergy, placing your brand in front of thousands of consumers every day. Positioned between Subway and Wendy's and across from Meijer Super center, this location offers built-in customer awareness and proven food-service viability. The building offers approximately 1,795 square feet of restaurant-ready space, ideal for quick-service, fast casual, coffee, dessert, beverage, sandwich, chicken, burger, taco, or specialty concepts. Existing restaurant infrastructure, combined with a flexible layout, can significantly reduce time-to-opening and buildout costs for the right operator. Fantastic location and condition. New roof 2023, New parking lot 2023, New RTU 2024, new build out 2023 on inside, New dumpster enclosure 2025. High traffic count and visibility with large monument sign. The current tenant has a 10-year lease.

5527 N Keystone Avenue, Indianapolis

$1,499,999

22103933 MLS

Exceptional redevelopment and repositioning opportunity consisting of multiple contiguous parcels located at 4498 N Keystone Ave, 4460 N Keystone Ave, 2325 E 45th St, 2323 E 45th St, 2301 E 45th St, and 2219 E 45th St, Indianapolis, IN. This rare assemblage offers approximately 1.63 acres with a unique combination of Keystone Avenue frontage, I1 Light Industrial zoning, and C3/D5 commercial zoning creating exceptional flexibility for future redevelopment or adaptive reuse. Properties are adjacent to the Nickel Plate Trail corridor and positioned within an evolving urban infill area experiencing increasing redevelopment and flex-industrial demand. Potential uses may include flex industrial redevelopment, contractor service bays, industrial condominiums, showroom/warehouse concepts, adaptive reuse commercial space, creative office or studio space, maker-space/artisan industrial, live/work concepts, storage/service facilities, and long-term redevelopment opportunities. Most buildings currently vacant allowing flexibility for repositioning and redevelopment planning. Seller currently offering properties as a package sale only, however seller may consider dividing parcels for the right offer. Buyer to independently verify all zoning, permitted uses, redevelopment potential, environmental matters, utility availability, and all information material to buyer's intended use with the appropriate governmental authorities.

4498 N Keystone Avenue, Indianapolis

$1,500,000

22103331 MLS

**Multiple offers received, highest and best was due 7/6. Pending home sale contingency.** Located at the intersection of the highly desirable Herron Morton and Old Northside neighborhoods, AND in a designated Opportunity Zone, this 12 unit property offers a prime opportunity for experienced landlords, or investors entering the multifamily market. The complex consists of three all brick buildings, four units each. Each unit features a spacious two bedroom, one bath layout with lots of natural light. Each unit is currently leased for $895-$995 per month. All leases will renew at $995. With a fantastic 95% occupancy rate maintained over the past several years, this proven income-producing asset delivers consistent cash flow, long term stability, and strong investment potential. Inquire for rent roll, expenses, and utilities. Residents pay their own electric; all units are individually metered. No gas. Owner pays water, sewer, & common area electric bills, and residents pay $50/month for utilities on top of rents listed above. Residents with pets pay additional $25/month. Each unit has its own furnace, central air, and water heater. Refrigerators and ovens in each unit. Coin operated laundry units and more storage in the basements of each building. Water heaters are located in basements. All units share one large trash dumpster in the alley. Current lease rates and dates by request. One unit is recently vacant and available for showings. (Other units can be accessed upon accepted offer.) Current property management company is willing to continue management. See BLC#22105508 for residential listing- all 3 buildings are separate parcels and could be sold individually, although seller prefers to sell as a whole.

1635 Central Avenue, Indianapolis

$1,750,000

22103366 MLS

For Sale: 5210 Commerce Circle, Indianapolis, IN 46237. This 11,000 square foot commercial building offers a compelling investment with stable in-place tenancy and future upside. The property features three suites-A, B, and C-currently occupied by a home health care service and an automotive body shop, demonstrating the building's versatility for a wide range of service, professional, or light industrial users. Suite C is secured by a long-term lease at $85,000 per year for 12 years, with a market rate adjustment scheduled at Year 5. Suite A and B are leased by the same tenant, totaling $63,600 per year. Positioned just off Southport Road and Emerson Avenue, the property offers immediate access to I-65, I-465, and US-31, placing it within minutes of Downtown Indianapolis, Greenwood, Southport, and a rapidly growing network of commercial and residential development. The Southside market has seen consistent growth in population, traffic demand, and business expansion, making this location a strategic placement for both existing operations and future value appreciation. Nearby amenities include retail centers, restaurants, medical offices, logistics hubs, and major service providers, further enhancing tenant attraction and retention. This offering delivers a strong foundation of cash flow with long-term stability and clear upside potential-an attractive opportunity for investors seeking a proven commercial asset in a high-growth corridor.

5210 Commerce Circle, Indianapolis

$500,000

22102192 MLS

The property at 5144 N German Church Road in Indianapolis, IN 46235 boasts a prime corner location at 52nd St and German Church Road. Encompassing approximately 14 acres, this land will be subdivided from a larger parcel to establish a new legal description and size. Please note, a portion of the land is in Flood Zone A. City utilities are accessible from German Church Road. Refer to Aerial Photo "B" for the parcel available for sale. Access to the house on the property is not permitted, although parking at the house is allowed.

5144 N German Church Road, Indianapolis

$499,900

22101527 MLS

Proudly presenting this prime redevelopment opportunity on busy East 38th Street directly across from the Indiana State Fairgrounds. This 0.61-acre commercial land parcel is fully paved and strategically positioned on the corner of East 38th Street and Guilford Avenue, offering approximately 200 feet of frontage on 38th Street and 124 feet on Guilford Avenue. The property features three street cuts for excellent accessibility - two access points from 38th Street and one from Guilford Avenue. Currently operating with a tenant-occupied convenience store, the existing structure may continue generating income, be renovated, or potentially torn down for new development. Zoned "Multi-Use," this site offers exceptional flexibility for a wide variety of projects, including: * Apartments / Multifamily Housing * Mixed-Use Developments with Retail Below & Residential Above * Office Buildings * Restaurants & Cafes * Retail Stores * Medical Offices * Community Centers * Professional Service Businesses High-visibility location with strong traffic exposure makes this property ideal for investors, developers, and business owners seeking a premier urban corridor location in Indianapolis. Additional zoning variances for intended use may be possible; buyers are advised to verify all zoning and development possibilities with the City Zoning Department. Don't miss this rare opportunity to secure a versatile commercial corner in one of Indianapolis' most active growth corridors.

821 E 38th Street, Indianapolis

$4,350,000

22100847 MLS

49,000 SF industrial facility available for sale in Indianapolis' highly desirable southwest industrial submarket. Situated on 3.34 acres with immediate access to I-465 and minutes from Indianapolis International Airport, this property offers a functional layout for owner-users, contractors, distributors, light manufacturers, and service industrial operators. The building features 4 dock-high doors, 1 drive-in door, approximately 6,000 SF of office buildout, 30' x 30' column spacing, and 16'4" clear height. The site provides ample parking and truck circulation, making it well-suited for fleet operations, warehousing, equipment storage, regional distribution, manufacturing, or a corporate service headquarters. Zoned I-3 (Heavy Industrial), the property allows for a wide range of industrial uses rarely available in infill Indianapolis locations. The facility offers a strong combination of accessibility, functionality, and flexibility for both investors and owner-users seeking long-term operational value. Located less than 1 mile from I-465 with convenient access to I-70, Sam Jones Expressway, and Indianapolis International Airport. Surrounded by major logistics, transportation, and industrial users.

2334 Production Drive, Indianapolis

$550,000

22094511 MLS

Iconic Fountain Square Storefront - Own a piece of one of Indianapolis's most dynamic urban neighborhoods. This 2,000 sq ft, zoned C5 commercial building sits in the heart of the Fountain Square Cultural District, surrounded by restaurants, breweries, live music venues, galleries, and creative businesses that have made this near-southeast-side enclave a regional destination. With continued investment in Fountain Square's Cultural Trail and adaptive-reuse projects, the district remains one of Indy's most active corridors for independent retail and hospitality. Owners, users, and investors alike will appreciate the combination of historic character, prime frontage, and long-term neighborhood momentum.

1012 Virginia Avenue, Indianapolis

$729,000

22095954 MLS

Rare opportunity in Fountain Square neighborhood on a highly visible corner with C4 zoning. This building features three fully leased apartments upstairs and two commercial spaces downstairs. The Karate studio is leased and the adjacent commercial space is currently suitable for office/retail and storage. There is secure parking at the rear of the building. All major mechanicals have been updated.

1701 Prospect Street, Indianapolis

$3,200,000

22098296 MLS

Stop leasing and start building your own future. We are proud to present a rare, high-value opportunity to acquire Sunrise Christian Academy Child Care- a fully functional, elite-tier childcare business-along with its prime commercial real estate. This is more than a business move; it is a strategic investment that allows you to unlock massive equity through property ownership while stepping into a proven, high-revenue operation. A proven foundation of excellence for 34 years, Sunrise has been a pillar of the community, providing a level of care that is second to none. Elite Standing: This facility has maintained Level 4 status (the highest possible rating) for over 10 consecutive years. Fully Operational: Everything is included. From the licensing history to the classroom equipment, you can step in on Day 1 and lead this business into its next chapter. The Power of Ownership vs. Leasing Why be a tenant when you can be the landlord? Transitioning from a lease to owning your building offers: Equity Growth: Every monthly payment builds your net worth, not your landlord's. Operational Control: No more lease negotiations or unexpected rent hikes. You have total freedom to customize your space. Asset Diversification: You aren't buying a job; you are acquiring a valuable piece of commercial real estate that serves as a lucrative long-term exit strategy. Modern Upgrades & Recent Improvements. The heavy lifting has already been done for you. The property has been meticulously maintained and recently updated to meet modern standards: Interior: Freshly installed luxury vinyl plank flooring and energy-efficient LED lighting throughout. Exterior: Brand-new safety fencing and fully updated playgrounds designed for high-engagement outdoor play. Sunrise Christian Academy is ready for its next 30 years.

948 W 30th Street, Indianapolis

$460,000

22099973 MLS

Welcome to 6408 Carrollton Avenue in Indianapolis, Indiana-a unique and elegant office space nestled in a charming 1910s home in the desirable Broad Ripple neighborhood. This distinctive property offers three spacious offices, perfect for professionals seeking a blend of historic charm and modern convenience. With ten dedicated parking spaces, accessibility is never a concern. Meticulously maintained, this property seamlessly blends classic architectural details with the functionality required for a thriving office environment. Come and experience a perfect setting for your business in a vibrant community

6408 Carrollton Avenue, Indianapolis

$905,000

22099698 MLS

The subject property is a fully renovated multifamily asset consisting of six (6) individual condominium units operated as rental apartments. Originally constructed in 1910, the building underwent a comprehensive gut renovation completed between 2023 and 2024, resulting in modernized interiors and systems while maintaining its underlying structure. The unit mix consists entirely of two-bedroom layouts, averaging approximately 909 square feet, catering to strong rental demand for well-sized units. Situated on a 0.22-acre (9,599 square feet) site, the property also benefits from six (6) gated parking spaces-an increasingly valuable amenity in the market. Following renovation, the asset is considered to be in good overall condition and is classified as a Class B property within its competitive set. The current ownership acquired the property in December 2017, at which time it operated as a 10-unit apartment building. Ownership executed a strategic repositioning by vacating the property, legally converting it into six condominium units, and completing a full-scale rehabilitation at a reported cost of approximately $700,000. Although the original business plan allowed for individual unit sales, ownership elected to retain all units and operate the property as a stabilized multifamily rental asset. A rezoning approval in October 2024 permits this use, with supporting documentation available upon request. A 2025 appraisal concluded a market value of $950,000, further supporting the asset's repositioning and current operational strategy. The property is located within the Indianapolis Metropolitan Statistical Area (MSA), one of the largest multifamily markets in the United States by inventory. The MSA demonstrates strong economic fundamentals, including median household incomes exceeding the state average and projected population growth over the next five years. These trends support sustained rental housing demand. More specifically, the asset is located in Central Mario

3527 N College Avenue, Indianapolis

$575,000

22098797 MLS

Versatile 8,000 Sq. Ft. Building with Ample Parking in Prime Location Endless possibilities await with this expansive 8,000 sq. ft. building situated in a prime location! Whether you're looking for residential, multifamily, commercial, or institutional use, this property is a blank canvas ready to accommodate your vision. Currently operating as a church, the building features spacious open areas, multiple rooms, offices, and restrooms, offering flexibility for a variety of uses. The large parking lot provides ample space for visitors, employees, or residents. Key Features: 8,000 sq. ft. of adaptable space Ample parking for convenience Prime location with excellent visibility and accessibility Ideal for residential, multifamily, retail, office, event space, or continued use as a church Great investment opportunity for developers and business owners Don't miss out on this rare opportunity to transform this space into your next successful venture! Reach out today for more details or to schedule a showing.

840 Cottage Avenue, Indianapolis

$595,000

22097101 MLS

Pie shaped brick building. Fenced with good visibility, access off East St and Caven. 20 ft. High ceilings, 2 OH doors, 1 man door, storage mezzanine, 3 phase Electric, halogen ceiling lights, water to building but shut off in street, sewer connected, concrete floor, I4 zoning, currently used for storage --------- take S. East St. from either Raymond St. or from Morris St. to Caven St. go west to Kennington. building on the right. go through fenced parking lot to street (Madison Ave.)

1703 Madison Avenue, Indianapolis

$650,000

22095965 MLS

Positioned on the south side of Indianapolis, this self-storage facility presents a compelling value-add opportunity for investors seeking strong upside potential. The property features a total of 84 units, including 70 spacious 10x20 units and 14 versatile 10x10 units, catering to a wide range of tenant needs. The site is secured with gated access, offering tenants peace of mind and supporting consistent occupancy. An on-site office provides operational functionality while maintaining a low management footprint. With solid fundamentals already in place, this asset offers an excellent opportunity for investors to enhance performance through strategic improvements and management optimization. Ideal for both experienced operators and those looking to expand their portfolio in a growing market.

3939 S Keystone Avenue, Indianapolis

$605,000

22096446 MLS

Own a piece of Indianapolis history-an opportunity to acquire the iconic John's Famous Stew building and land near downtown Indianapolis. Located in Marion County, this property is well positioned to draw consistent commuter and neighborhood traffic. The 2,432 sq. ft. first floor is currently operated as a restaurant and offers historic character and authentic charm. The 2,432 sq. ft. second floor includes eight leased studio apartments. The 11,000 sq. ft. parking lot accommodates approximately 35 vehicles, and an additional 700 sq. ft. basement provides storage potential. The site is minutes from Lucas Oil Stadium, the Convention Center, and Eleven Park, with nearby White River Development expansion.

1144 Kentucky Avenue, Indianapolis

$399,900

22096731 MLS

909 E 38th Street, Indianapolis

$560,000

22093646 MLS

High-visibility Broad Ripple commercial building available for sale or lease. This 5,530 SF building offers excellent access and exposure along the north Indianapolis corridor. The flexible layout supports one to three users. Formerly used as a daycare, church, and office. Features include a fenced outdoor area and detached 22' x 24' garage. Suitable for office, educational, nonprofit, religious uses, or redevelopment. Sale Price: $560,000 Lease Rate: $15.00/SF

2131 E 54th Street, Indianapolis

$389,000

22093552 MLS

Take advantage of a rare opportunity to establish your business in the highly sought-after Castleton area-without the multi-million dollar price tag. Ideally positioned just steps from the heavily traveled 86th Street corridor, this turnkey commercial property offers both immediate functionality and long-term upside. The interior features a welcoming reception area, an open-concept conference space, and multiple private rooms that are well-suited for offices, medical use, or treatment rooms. The layout is flexible and efficient, allowing for a variety of business types. Ample on-site parking and meticulous maintenance further enhance the property's appeal, making it a seamless move-in-ready option for an owner-user or investor. Located in Indianapolis's premier northeast commercial corridor, the Castleton submarket is known for its exceptional accessibility via Interstate 69 and Interstate 465, with a convenient 15-30 minute drive to downtown. Anchored by Castleton Square Mall-the largest mall in Indiana-the area draws consistent consumer traffic from a dense mix of national retailers, restaurants, and office users. The corridor benefits from strong daily traffic counts, including approximately 44,000+ vehicles per day along 82nd Street and over 146,000+ vehicles per day on Interstate 465, providing outstanding visibility and exposure. Supported by solid demographics, a strong daytime population, and a true "live, work, play" environment, Castleton continues to stand out as one of Indianapolis' most proven and desirable locations for both business owners and investors.

8149 Castleton Road, Indianapolis

$280,000

22092561 MLS

INVESTOR ALERT! PRICE IMPROVED!! Development opportunity in the heart of Garfield Park! Located at 2605 Shelby St, this 6-unit property sits directly across from the park in one of Indianapolis' fastest revitalizing neighborhoods, just minutes from downtown and steps from the Red Line. Walkable to local favorites like Parkside Public House, Cafe Babette, Skosh Coffee House, and the Garfield Park Branch Library. This fully gutted, down-to-the-studs asset is partially framed and ready for completion-offering a true value-add opportunity with significant upside. The unit mix includes two 1BR/1BA units (~500 sq ft each), three 2BR/1BA units (two ~500 sq ft and one ~1,000 sq ft), and one 3BR/2BA unit (~1,150 sq ft). A full renovation is required, including all major systems (plumbing, electrical, HVAC), drywall, and complete interior finishes. The property consists of two connected structures: a two-story building with one unit per level, and a single-story concrete block/brick building housing the remaining units. With construction at the framing stage, investors can tailor layouts and finishes to support long-, mid-, or short-term rental strategies-an ideal fit for this high-demand area. A scope of work is available, and a contractor is in place and ready to complete the project for buyers seeking a more turnkey execution. Additional features include a large front concrete patio and rear parking area off the alley. Sold as-is; cash, hard money, or renovation financing only.

2605 Shelby Street, Indianapolis

$1,100,000

22092943 MLS

Industrial Land for Sale, 1.36-acre, zoned I4, approved for truck parking for 22 trucks. The lot is fully paved, making it an ideal spot for trucking parking, auto related or for any Industrial Use, conveniently located in Marion County, Indianapolis, Indiana.

2205 N Sherman Drive, Indianapolis

$149,000

22092573 MLS

4-Unit Commercial Value-Add Opportunity Located at 3423 & 3427 W Michigan St, this 6,022 SF commercial property sits on 0.26 acres across two parcels and includes four total units, presenting a strong value-add investment opportunity for renovation and repositioning. The property will require significant improvements and is not currently rent-ready, making it well suited for investors seeking a project-based commercial asset with future income potential. Zoned C-3, the site supports a wide variety of commercial uses, offering flexibility for multi-tenant leasing, owner-user occupancy, or mixed-use repositioning strategies. Positioned along W Michigan St (AADT: 11,156) and located minutes from downtown Indianapolis, the property benefits from strong visibility and accessibility. Following renovations and lease-up, the asset has the potential to become a cash-flowing multi-tenant commercial property. Rezoning may be possible depending on the buyer's intended project scope. The property is being sold in as-is condition.

3427 W Michigan Street, Indianapolis

$250,000

22090832 MLS

Great opportunity for business, great location, high traffic area.

3723 Massachusetts Avenue, Indianapolis

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