Indianapolis Real Estate | Indianapolis Commercial Properties for Sale

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

$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

$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

$450,000

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

$550,000

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

$585,000

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

$394,900

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

$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

$80,000

22090503 MLS

Excellent opportunity to acquire this Commercially Zoned land in a growing area. This land is located near an established residential neighborhood.

2831 N Sherman Drive, Indianapolis

$2,300,000

22089582 MLS

1831 Bellefontaine Street, Indianapolis

$1,000,000

22088937 MLS

Investor opportunity in the beautiful historic Woodruff Place! This 9-unit multifamily property is being offered for sale individually or as part of a rare portfolio opportunity that includes four additional nearby buildings, all in Woodruff. This allows investors the chance to acquire multiple assets within one of Indianapolis' most desirable historic neighborhoods. All units are currently leased, providing immediate income and stable cash flow. The property has seen several recent improvements, including new sewer, new boiler, new water heater, updates to bathrooms in 616, new interior paint in 4 units offering a mix of updated living spaces and value-add potential. Located just minutes from downtown Indianapolis, this property benefits from the charm, walkability, and strong rental demand that Woodruff Place is known for. Whether purchased individually or as part of the larger portfolio, this is a rare opportunity to invest in a historic neighborhood with consistent rental demand and long-term upside.

624 Woodruff Place Middle Drive, Indianapolis

$775,000

22088926 MLS

Investor opportunity in the beautiful historic Woodruff Place! This 5-unit multifamily property is being offered for sale individually or as part of a rare portfolio opportunity that includes four additional nearby buildings, all in Woodruff. This allows investors the chance to acquire multiple assets within one of Indianapolis' most desirable historic neighborhoods. All units are currently leased, providing immediate income and stable cash flow. The property has seen several recent improvements, including a new boiler installed at the end of 2025, new water heaters installed in 2025, and two units that have been fully renovated, offering a mix of updated living spaces and value-add potential. Located just minutes from downtown Indianapolis, this property benefits from the charm, walkability, and strong rental demand that Woodruff Place is known for. Whether purchased individually or as part of the larger portfolio, this is a rare opportunity to invest in a historic neighborhood with consistent rental demand and long-term upside.

609 Woodruff Place Middle Drive, Indianapolis

$750,000

22089365 MLS

Investor opportunity in the beautiful historic Woodruff Place! This 7-unit multifamily property is being offered for sale individually or as part of a rare portfolio opportunity that includes four additional nearby buildings, all in Woodruff. This allows investors the chance to acquire multiple assets within one of Indianapolis' most desirable historic neighborhoods. All units are currently leased, providing immediate income and stable cash flow. The property has seen several recent improvements, including new sewer, new Roof, 3 units renovated, 1 bathroom remodel in unit, new water heater, and value-add potential. Located just minutes from downtown Indianapolis, this property benefits from the charm, walkability, and strong rental demand that Woodruff Place is known for. Whether purchased individually or as part of the larger portfolio, this is a rare opportunity to invest in a historic neighborhood with consistent rental demand and long-term upside.

725 Woodruff Place Middle Drive, Indianapolis

$1,200,000

22088565 MLS

1 story medical office building a with a full finished basement Located West of Community Hospital. Currently zoned HD-2 Which allows for: Assisted living, medical laboratories, general office, Pharmacy, Florist. The property is in very good condition. Property is currently leased by Daymar through May 31,2026.

1640 N Ritter Avenue, Indianapolis

$575,000

22085914 MLS

Real estate remains the most proven path to long-term wealth - and stabilized, income-producing multifamily assets are where disciplined investors create predictable returns. This 12-unit mix of studios and 1 bedroom property offers immediate cash flow and long-term upside, currently producing a strong 8.1% cap rate with professional property management in place - or an impressive 9.2% cap rate for an owner who chooses to self-manage. Historically fully occupied, the asset has demonstrated consistent rental growth with renewals averaging $20-$25 annual increases, reinforcing both tenant satisfaction and reliable income expansion. The seller has implemented extensive capital improvements and spared no expense to protect the asset and enhance tenant retention. Upgrades include new front and rear entry doors, seven security cameras, two new water heaters, four new furnaces, a new coating on the flat portion of the roof, updated gutters, fascia boards, and soffits. Several units feature new flooring, updated lighting, and refreshed cabinetry. All 12 units are efficient studio layouts with full kitchens and private bathrooms, meeting strong workforce housing demand. An additional room presents a value-add opportunity and could potentially be converted into a 13th unit for increased income. Operational continuity is already in place. One tenant currently receives discounted rent in exchange for assisting with on-site management duties, and established exterior maintenance vendors are set for a smooth transition. All tenants are current, making this a true turnkey investment. Strategically positioned near the I-465 and I-74 interchange, just north of Beech Grove and a short drive to downtown Indianapolis, the property benefits from excellent commuter access and sustained rental demand within the Indianapolis metro. This is a stabilized, cash-flowing multifamily asset with strong returns today and expansion potential tomorrow. Tenant rights apply.

5000 Southeastern Avenue, Indianapolis

$1,300,000

22085378 MLS

Owner-occupant opportunity in the heart of historic Fountain Square. This newly renovated 6,590 SF multi-tenant commercial property offers a rare opportunity to occupy the largest suite while maintaining income from two leased spaces. The building is prominently positioned along Shelby Street in one of Indianapolis' most active mixed-use corridors. The property consists of three suites: 1417 Shelby Street totaling 3,640 SF and currently vacant for immediate occupancy; 1415A Shelby Street totaling 1,250 SF and leased through July 31, 2028; and 1415B Shelby Street totaling 1,700 SF and leased through June 30, 2027. The layout provides a strong combination of owner-user space and stabilized tenancy within the same asset. A key feature of the property is its parking configuration. The site includes two separate parking lots, providing flexibility for tenant and customer use. The property offers direct access from Shelby Street, along with alley access to both parking areas, allowing for convenient ingress and egress, service access, and efficient traffic flow. Recent renovations enhance both the functionality and appearance of the building, delivering a move-in ready environment for an owner-occupant while maintaining quality space for existing tenants. The 3,640 SF suite presents an ideal footprint for retail, office, or service-oriented users seeking a strong presence in Fountain Square, with the flexibility to expand into additional space in the future as leases expire. This is a well-located, multi-tenant commercial asset offering immediate occupancy, established tenancy, dedicated parking, and excellent accessibility in one of Indianapolis' most desirable urban submarkets.

1415 Shelby Street, Indianapolis

$520,000

22083393 MLS

Nothing compares to the freedom of passive income paired with the prestige of offering luxury living. **Welcome to 2305 E Michigan St, Indianapolis, IN 46201** a standout mixed-use property designed for investors who recognize opportunity the moment they see it. Built in like-new condition, this impressive building features three units, with two already generating steady rental income and one vacant, ready for you to maximize its earning potential or select your next tenant. From the moment you step inside, you will appreciate the modern finishes, thoughtful layout, and the kind of quality that attracts and retains residents. An added bonus is the dedicated storage space, providing flexibility and additional value rarely found in similar properties. Whether you are expanding your portfolio or stepping into a high-performing investment for the first time, this property delivers the ideal blend of immediate cash flow and long-term growth. Opportunities like this do not last secure a property that works for you today and builds your wealth for tomorrow.

2305 E Michigan Street, Indianapolis

$524,900

22082644 MLS

Welcome to your new office space! This space is on a main thoroughfare with great visibility and is the perfect location. Minutes from Downtown, Eskenazi, Riley, IU hospitals and the new campuses of IU Indianapolis and Purdue Indianapolis. Your new office features a New Roof, Everdry sealed lower level, Main level with conference room, work room, kitchenette, secretary space, restroom and five offices. The upper level has an additional conference room or corporate office, six offices and two restrooms. The finished lower level has ample space and opportunity to be creative with several large areas. This dynamic building also includes the strip of land across from the alley which was intended for additional parking spaces. Come take a look and let's get you in your new office! Previous uses for the building included a dental office and a beauty salon, so there are endless possibilities for the space!

2226 W Michigan Street, Indianapolis

$600,000

22083615 MLS

Welcome to the early 19th Century ... The subject improvement is one of the oldest dwellings in Marion County - the BOARDMAN HOUSE, circa 1834. Although the improvement is in move-in condition, the possibilities are, yet, endless. This property, having a total area of over an acre, is zoned C-3, for light commercial applications, including offices, schools, and light retail uses, to name a few. There is a heavy, consistent traffic flow along Michigan Road; therefore, the improvement would lend itself well as a professional office for an attorney, an insurance or real estate agent, stockbroker, medical doctor (with limited plumbing needs), not to mention a myriad of retail uses (without outside sales).

7716-7718 Michigan Road, Indianapolis

$699,000

22082722 MLS

The last Premier Lots in Fountain Square Proper are available for your vision to showcase what could be the best investment of your life! 6 LOTS in total at just shy .8 acres, zoned C-4 with 1 lot containing a 2 bed 1.5 bath residence. This is a diamond in the rough waiting to shine. Property has not been functioning as a bar since 2010 and no longer possesses the 210 liquor license. This is a unique property protected under the National and local Historic associations, desiring specific talent to bring it back to what it once was or could be. Lots consist of Historic Sam's Saloon with 2 bedrooms and 1 bath upstairs above the original bar area, a 44x180 metal barn, a 2 bed residence and 3 vacant lots to allow plenty of parking that will be required with a functioning business. Take a look and let your imagination wander!

1640 Prospect Street, Indianapolis

$299,000

22080715 MLS

Set in the heart of Broad Ripple's most walkable, trail-connected pocket, this corner-lot residential property at Carrollton Avenue and East 66th Street offers a rare opportunity to establish a business in one of Indianapolis' most desirable live-work-play districts. Broad Ripple is consistently recognized as one of the city's most vibrant and pedestrian-friendly neighborhoods, drawing steady foot traffic, loyal local patrons, and a strong professional demographic. The area's mix of dining, retail, residential, and office uses creates an environment where businesses thrive year-round. The immediate surroundings underscore the strength of this location. Positioned directly across from Opti-Park and Park 66 Flats, the property benefits from significant multi-family density and daily visibility from residents, visitors, and commuters alike. Ongoing investment in the Broad Ripple area continues to reinforce long-term demand, with recent and planned residential and mixed-use developments adding rooftops and disposable income to the neighborhood. This sustained growth has made Broad Ripple one of the most competitive submarkets in Indianapolis for both business operations and residential living. Just one block from the Monon Trail, the property enjoys one of the city's most powerful lifestyle amenities. The Monon Trail spans more than 25 miles through some of Central Indiana's most affluent and active neighborhoods, attracting cyclists, runners, and pedestrians daily. Proximity to the trail not only enhances employee wellness and work-life balance but also increases visibility and accessibility for businesses seeking a modern, community-oriented presence. The building itself is well suited for professional, creative, or service-based users. Currently occupied by a CPA firm, the layout includes two large private offices, a conference room, a dedicated work area, and two bathrooms, one of which includes a shower.

6570 Carrollton Avenue, Indianapolis

$409,000

22081474 MLS

Great central location in the Castleton / I-69 Corridor! This brick office / retail duplex is located immediately off 82nd St. within minutes from both I- 465 and I-69 at Exit 201. Exceptional for delivery or other services requiring easy access to Indianapolis and to northern suburbs. The C4 zoning uses include professional and customer services or retail users. Spacious entry, multiple offices, kitchen, 2 separate bathrooms and all on one level floor plan. Parking lot for 21 vehicles with additional land for expansion.

8140 Castleton Road, Indianapolis

$1,125,000

22078931 MLS

Building offers 12 studio apartment units located near Fountain Square and just minutes from downtown Indy. Adjacent to the building is a paved parking lot allowing for 8 vehicles and has additional street parking. Tenants currently have month to month leases and rent includes water/heat. Owner is selling 2 parcels together and does not want to separate. Please see MIBOR website for listing ID's #22078961 & #22078931.

2325 Shelby Street, Indianapolis

$225,000

22078182 MLS

Just Reduced $50,000 from original price. Wow! Auto Body Shop Business & Irvington Staple Since 1929! Originally the Sheridan Ave Garage, but mostly Delk's Body Shop since 1969. Awesome opportunity for this price at a location like this! High Traffic Volume, NAPA Auto Parts next door & a mile from Speedrome Race Track. Price discounted for some needed updates but has been operating as business to date. **NOTE: As of 2026, Seller may consider a contract sale with 50% down +/-, and a Short-Term Mortgage.**Needs general updates to bathroom, plumbing, electrical & heating as new owner desires. Air Compressor & miscellaneous equipment will be included at sale price but some minor contents to be removed. Has a Large 10 Foot Overhead Door & large open workspace inside for 4-5 car working capacity & room left over. 11x9 Office at front of building & a 6x6 bathroom space in the rear of the building. Had overhead natural gas heat in the past, but units would need repair or replacing. Solid block building with a recently painted exterior. Rubber roof & driveway in last 10-12 years. Just needs general clean up & mechanical updating. Staked Survey included & a recent property line correction with deeded correction in December 2023. Note: A much smaller Auto Body Shop in the 2300 block of US 40 sold for $360,000 in 2022 & was a smaller metal panel framed building, inferior to 8 N. Sheridan structurally, but that building was updated. 24-48 hours notice to show is required & written Proof of funds to purchase are required prior to showing. AGENTS: "Do not pull or step onto premises without prior authorization", building is monitored. Sold strictly "As Is", Cash or as noted above. Inspections for informational purposes only. 5% Earnest Money required upon acceptance. Prelim title insurance with First American Title. See attachments for other details. The corner lot has sold, so only the Auto Body Shop is for sale now. Corner lot owner "may" allow overflow parking w/permission.

8 N Sheridan Avenue, Indianapolis

$990,000

22076256 MLS

Located in Garfield Park, this hard corner offers excellent visibility and easy access to major corridors. This location benefits from steady neighborhood traffic and proximity to one of Indianapolis's most active community hubs. C-5 zoning allows for a wide range of uses including Gas Stations, Retail, office, and auto related operations. Two-Tenant building on site was remodeled in 2025, offering a refreshed and functional space for a variety of business types. Well Positioned on the corner of Shelby and Troy this site is just minutes from I-465!

1121 E Troy Avenue, Indianapolis

$89,900

22075557 MLS

Location, Location, Location!! Corner Lot. A historical style structure located on a historical named street: Dr Martin Luther King, Jr Street. Zoned C-4! Are you looking for an Opportunity Zone? This is it: Entrepreneurs, bed/breakfast, Office, retail, multifamily/single family, daycare, group home, church, retail, gym, restaurant, office and more. Features: handrails, gutters, porch, fresh exterior paint and more. Structure is completely gutted and ready for a new designer to create the interior. Located near downtown, hwy, hospitals, event centers, Universities, parks, school, church, upcoming/new development and more. Possibly 10 bedrooms (5 on each side). Possible contract with 10% down/terms/conditions TBD. Some fire damage to roof.

2840 Doctor M.L.K. Jr Street, Indianapolis

$150,000

22074771 MLS

Endless possibilities in a rapidly revitalizing pocket of Indianapolis! This MU-2 zoned commercial building offers unparalleled flexibility for builders, investors, and visionaries. Purchase individually, pair them together, or secure all three for a powerful redevelopment footprint just minutes from downtown Indy. Or, double up and buy the entire corner and include 2 more parcels for sale that can be bundled into this deal at 1705 & 1719 Southeastern. Located in an area experiencing active neighborhood transformation-with nearby homes being renovated, modernized, and sold quickly-this is a rare opportunity to shape the next phase of growth. MU-2 zoning allows for a wide range of uses, from residential builds to commercial storefronts, mixed-use concepts, live/work spaces, or an urban infill development that fits the momentum of the surrounding community. Whether you're planning a single project or assembling a multi-parcel investment, this location sets the stage for long-term value and exceptional potential. The possibilities here are wide-open-bring your ideas and create something incredible.

200 S State Avenue, Indianapolis

$750,000

22074689 MLS

ENTREPRENEURS, INVESTORS & OWNER-OCCUPANTS-DON'T MISS THIS OPPORTUNITY! Two commercial buildings on one parcel in a high-traffic location near Fountain Square, the new Community Justice Campus, downtown Indianapolis, and less than one mile from I-65. Seller has a survey allowing the buildings to be sold separately. Individual pricing is $550,000 for the approximately 7,200 sq. ft. blue building and $275,000 for the approximately 2,500 sq. ft. restaurant building, or purchase both for the package price of $750,000. The restaurant building is currently leased for $3,500/month, with tenant paying utilities. Lease expires July 2026, and the tenant has expressed interest in renewing. The approximately 7,200 sq. ft. building offers multiple suites (floor plan available), including former daycare space, professional offices with reception area, conference room and breakroom, plus warehouse/retail/service space. Previous uses include restaurant, church, daycare, professional offices, auto repair, convenience store, clothing store, and more. Seller previously collected over $13,000 per month when fully leased. With only one space currently occupied, buyers can choose their own tenants, operate their own business while generating rental income, or create a customized investment strategy. Future uses are subject to zoning and governmental approvals. Located approximately 1.5 miles from downtown and surrounded by redevelopment, this versatile property offers exceptional flexibility, visibility, and long-term potential. Bring your vision and entrepreneurial spirit-this could be your next GOLD MINE!

1915 Southeastern Avenue, Indianapolis

$795,000

22073725 MLS

10-unit Single Room Occupancy (SRO) property offering strong income potential. The building features five units on the upper level and five on the lower level, each with a private bathroom. Shared kitchens, living rooms, and laundry facilities are located on both sides, creating a balanced and functional layout for tenants. Excellent opportunity for an investor seeking steady cash flow or the potential to continue developing on the adjoining lots which can be purchased alongside the building at a separate offering. Listing broker for financials and touring.

3712 E Washington Street, Indianapolis

$329,000

22074402 MLS

Incredible business opportunity on highly visible US-40 frontage! Perfectly positioned near the Indianapolis International Airport, and just minutes from Indianapolis and Plainfield, this property offers exceptional access and exposure for a wide range of commercial uses. The site includes two vacant parcels for future development and an existing Office Building, providing immediate functionality and long-term growth potential. The office building features three private offices, a conference room, a storage room, and flexible space ideal for daily operations. With its strategic location and strong traffic count, this property is ideal for businesses seeking visibility, convenience, and room to expand. Don't miss this chance to secure prime commercial real estate!

2316 Mellen Road, Indianapolis

$250,000

22071053 MLS

Unique opportunity to own a versatile property with both residential and commercial potential. This home has long served as the maintenance office for an Ameriplex maintenance and offers a flexible layout ready for a variety of uses. The property includes an attached 1-car garage, a detached 3-car garage, and an additional storage shed, providing ample space for vehicles, tools, and equipment. Set on a convenient and accessible site, the structure could easily transition back to a private residence, continue as a support facility, or be repurposed for small-business operations. With its solid construction and generous storage, this property combines practicality with potential-perfect for tradespeople, small contractors, or investors seeking adaptable space in a prime location.

7601 Milhouse Road, Indianapolis

$120,000

22073970 MLS

The building consists of 1320 sq.ft. of ground floor and an additional 300+ sq.ft. of utility area on the second level. Two large overhead doors and one smaller overhead door lend the structure to use as storage or a workshop. It must be sold as a package sale: 3324 Prospect St and 1028 Vandeman St for a total of 0.2 acres of land ($233,900). Numerous potential uses as permitted by the Marion County Zoning Ordinance. Located just minutes from the interstate and the central Indianapolis area.

1028 Vandeman Street, Indianapolis

$450,000

22072493 MLS

Prime Redevelopment Opportunity | East 10th Street Corridor This Near Eastside commercial property offers a rare chance to invest in the thriving Brookside / East 10th Street corridor. Comprising three parcels (1040860, 1090593, 1010125) totaling 0.38 acres within an Opportunity Zone, the site is ideal for investors seeking strong growth potential and tax advantages. Featuring high visibility, wide frontage, and ample parking, the property is zoned for retail/commercial use and primed for adaptive reuse or redevelopment. Perfect for a retail flagship, restaurant, creative studio, or mixed-use concept, it offers flexibility to match market demand. With its strategic location, redevelopment potential, and Opportunity Zone benefits, this property is ready for its next chapter in one of Indianapolis's fastest-evolving corridors.

2828 E 10th Street, Indianapolis

$299,900

22073143 MLS

Currently used as a Real Estate office but has other possibilities. Located on bus line across from library. Freshly painted with a basement and 2 car garage

5397 E 38th Street, Indianapolis

$795,000

22071542 MLS

Incredible opportunity on a Corner Lot on Michigan Road! This sprawling property has over 8,000 Square Feet and even has a separate Office space that is like its own little guest house. Not many places in the area offer this much square footage, updates, and amount of land as this place does (.87 acres). Perfect for general office, medical therapy, daycare/school....you name it! Zoned C3 it has many uses it can be. Plenty of parking and easy access. Great Street Frontage for advertising your business. Very little updates that need to occur with this building. Come see quick for this great opportunity!

7507 Michigan Road, Indianapolis

Indianapolis Commercial Properties for Sale

Newest Indianapolis Commercial Properties for Sale