Indianapolis Commercial Properties for Sale

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Newest Indianapolis Commercial Properties for Sale

$1,250,000

22070474 MLS

Prime commercial opportunity on Indianapolis' east side! This 1,743 SF standalone building sits on a 0.43-acre corner lot with excellent visibility and access along N Arlington Ave. Zoned C-4, the property allows for a wide range of high-intensity commercial uses, including gas station, convenience store, automotive, retail, office, or redevelopment. The site features strong traffic counts, ample parking, and frontage on a busy corridor connecting residential neighborhoods and main thoroughfares. Ideal for an owner-user or investor seeking a versatile property with outstanding exposure and long-term growth potential.

2102 N Arlington Avenue, Indianapolis

$399,000

22070610 MLS

Located at the end of a quiet cul-de-sac just north of Raymond Street and minutes from Garfield Park, 2145 Ransdell Street offers a rare industrial opportunity in one of Indianapolis's most promising growth corridors. This wide-open warehouse-style property is currently used for storage and features convenient drive-in garage doors, excellent access to I-65, and proximity to Downtown Indianapolis. The building requires significant rehabilitation, including a new roof, window and ceiling replacement, and electrical upgrades, but its solid structure and flexible layout make it ideal for an owner-occupant or investor ready to reimagine the space. Positioned near the revitalized Garfield Park neighborhood, the area is seeing renewed investment and development. Nearby businesses, creative studios, and local favorites such as Garfield Brewery, Cafe Babette, and Skosh Provisions contribute to a vibrant, up-and-coming community atmosphere. The park itself-one of Indianapolis's oldest and most beloved green spaces-anchors the area with year-round recreation, walking trails, and community events, drawing consistent local activity. With improving infrastructure and increasing demand for flexible industrial and creative-use properties on the near south side, 2145 Ransdell Street represents a strategic opportunity to acquire a property with substantial potential in a neighborhood on the rise. The property is being sold as-is, and financing will likely need to include a rehab loan, making it a strong fit for a buyer with the resources and vision to complete a thoughtful redevelopment.

2145 Ransdell Street, Indianapolis

$649,900

22070017 MLS

Excellent Investment Opportunity. 2400 Sqf office building located in bustling business area, in front of the Hawthorn Plaza. Situated on three parcels featuring receptionist area with restroom, bath, open business area, huge private office with private bath including shower, additional offices and more. Front parcel is a great investment on its own with leased billboard. Better hurry on this one. Currently owner occupied. Subject to minimum 60 day possession.

5022 E 62nd Street, Indianapolis

$639,000

22068061 MLS

High-visibility 3-acre C-3 commercial site on Madison Avenue - one of Indianapolis's premier south-side corridors with average daily traffic exceeding 20,000 vehicles and direct access to I-465. The land offers exceptional development and operational potential with expansive fenced yard space, gravel drive, and full utility connectivity including electric, public sewer, water, and well. The site includes a 3,000 SF metal warehouse (built 1996) featuring 16-ft peak / 12-ft perimeter ceilings and a fully operational overhead loading bay, plus a secondary structure (built 1980) suitable for office or storage use - totaling 7,800 SF of usable building space. Chain-link fencing provides perimeter security with ample room for equipment staging, fleet parking, or outdoor operations. Perfectly positioned for contractors, trucking and fleet operators, automotive businesses, light industrial users, or wholesale and distribution operations. Owner-occupant and investor inquiries welcome. Quick access to downtown Indianapolis and the I-465 loop.

3604 Madison Avenue, Indianapolis

$330,000

22067198 MLS

This freestanding commercial 3,294 SF building with residential charm is full of historic character and endless potential. For over 35 years, it was home to a successful chiropractic practice operated by one dedicated owner. Zoned C3, it offers flexibility for a variety of business uses. The 1,230 SF main floor includes a convenient half bathroom for clients, while the 1,044 SF upstairs apartment provides the opportunity to create a full bathroom, kitchen, and up to three offices or bedrooms-ideal for a live/work setup (with variance), additional office space, or income-producing unit. The 1,020 SF basement previously operated as a successful workshop for many years. Featuring a beautiful stone and brick exterior, welcoming front lawn, chimney, and patio area, the property offers strong bones, high visibility, and a proven location in one of Indianapolis's most vibrant historic districts. A large parking lot and additional rear lot provide room for expansion or storage. Bring your vision and restore this property to its full potential in thriving Irvington!

5117 E Washington Street, Indianapolis

$300,000

22068442 MLS

Great opportunity to locate your business between two fast growing markets, Fountain Square & Garfield Park. Located at Troy and Shelby with quick access to RBT for the Red Line or I-65 access making the logistics preferred. Two buildings with over 5,600 sqft of usable space on two parcels. Front building has been used as office space for a plumbing company and rear building for storage. Second floor apartment in front building making a live work play option available if desired. Currently zoned MU-1.

1819 Shelby Street, Indianapolis

$1,555,000

22067612 MLS

Rare opportunity to acquire a landmark multifamily asset in the heart of Herron-Morton. This stately all-brick six-unit building offers over 13,500 square feet of historic character, scale, and long-term investment potential in one of Indianapolis' most sought-after neighborhoods. Each residence features an expansive 3-bedroom floorplan of approximately 2,000 square feet - a rare offering in today's rental market that appeals to residents seeking the feel of a private home within an urban lifestyle setting. The property is fully occupied with rents currently below prevailing market levels, creating meaningful future income upside through natural turnover and strategic rental repositioning. Recent improvements have enhanced operational stability while preserving the timeless architectural character that makes properties of this scale increasingly difficult to replicate. Located just minutes from downtown, major hospitals, dining, and the thriving 16th Street corridor, the property benefits from strong long-term demand drivers and exceptional neighborhood appeal. The lower level offers substantial additional space for storage, amenity, workspace, or other potential future uses subject to buyer verification and approvals. This is a rare chance to acquire a true legacy asset in one of Indianapolis' premier historic neighborhoods.

2101 N Pennsylvania Street, Indianapolis

$1,100,000

22066888 MLS

An exceptional opportunity awaits with the sale of Mark's Collision Body Shop, available either as a vacant commercial property or as a fully operational business. For over 30 years, this shop has built a strong reputation for honesty, fairness, and reliability. Founded on the timeless principles of the golden rule-"Do unto others as you would have them do unto you" and "Love your neighbor as yourself"-the business has earned the trust and loyalty of its clientele. A new owner purchasing the business will inherit not only the facilities but also the goodwill and customer relationships that come with three decades of integrity and service. The property features a spacious 6,000-square-foot primary shop that includes an office, two bathrooms, a custom-built paint booth, and a separate computer room for controlling paint mixes. In addition, there is a 3,000-square-foot pole barn-style secondary building measuring 30x100 feet with 16-foot ceilings, providing ample space for large equipment or additional work areas. The facility includes two post automotive lifts and offers access to work on equipment up to 14 feet tall. Both front and rear road access are available, with a driveway connecting the front and back of the property for easy movement of vehicles and equipment. The site also offers ample parking, a fenced-in rear section for security, and a layout designed for efficient workflow. With the asking price, the seller will replace the roof on the primary building and install three to four 14-foot-tall garage doors on the secondary unit, adding even more value to this already impressive property. Whether purchased as a thriving business or as a versatile commercial property, Mark's Collision Body Shop represents a rare opportunity to own a facility with a proven track record, strong community reputation, and excellent infrastructure ready for continued success. New Roof was added 2026.

7086 Southeastern Avenue, Indianapolis

$975,000

22064710 MLS

Prime Commercial Real-estate ( FOR SALE ) On the southside of Indianapolis, Where two Major HWY's Connect at the intersection at ( Madison Ave & HWY 31 ) Just south of troy on the east side of the road, A WHOLE CITY BLOCK. Starts at Perry St and 3125 Madison Ave and goes North on Madison Ave to 3115 Madison Ave to the next street which is Bacon St. Then turn right on Bacon & there is a single vacant lot on the right side address is 600 Bacon and another Double vacant lot next to it 509 Bacon. Both Zoned Residential, There is another Vacant lot 510 e Perry St Single lot Zoned C-5... All of this property connects ( 3115-3125 ZONE COMMERRCIAL ) 510 E PERRY IS ALSO C-5. The other 2 lots are Residential. 1.20 ACRES + OR - !!! Both Madison Ave & HWY 31, TWO Major roads Join together that see's an Estimated 75,000 THOUSAND Vehicle's A DAY !!! On a average. Great Potential for any Business.

3115 Madison Avenue, Indianapolis

$2,500,000

22060481 MLS

Located just off Massachusetts Avenue in Indianapolis' thriving Chatham Arch neighborhood, this versatile 2-story building with a full basement offers exceptional flexibility for a variety of uses. Zoned C4, it can accommodate office, retail, food & beverage, personal services, and healthcare. The property also offers potential for a rooftop addition with spectacular skyline views, making it an ideal opportunity for investors or operators seeking a high-visibility location in one of the city's most dynamic districts.

517 E Walnut Street, Indianapolis

$299,000

22057383 MLS

High visibility. Prime location. Limitless potential. This 5-bedroom ranch in the heart of Indianapolis is more than a property-it's a business opportunity waiting to be unlocked. Previously operating as a daycare, the layout and location are perfectly suited for a variety of commercial uses. With five rooms, a full kitchen, dining area and a living space, this building adapts seamlessly into offices, a studio, boutique services, or continued childcare operations. Hard-surface flooring throughout makes for easy maintenance and high durability-ideal for commercial traffic. The corner lot placement ensures maximum exposure, while the parking lot provides a valuable amenity for clients and staff. The fenced front yard adds additional functionality and curb appeal. Location is everything, and this property delivers. Nestled just steps from Tarkington Park, Tea's Me Community Cafe, the Melody Inn, and neighborhood favorites, it thrives in a walkable, community-driven setting. Meanwhile, quick access to Downtown Indianapolis, the Indiana State Fairgrounds, and major traffic routes means steady customer flow and convenience for business operations. Whether you're seeking a property to launch your vision, expand your portfolio, or secure a reliable income-producing space, this one checks every box. The flexibility of residential or commercial use only amplifies its long-term value. Schedule your private showing today and see how this space can be the foundation of your next successful venture before it's gone.

104 E 38th Street, Indianapolis

$299,900

22052006 MLS

2002 Prospect Street, Indianapolis

$499,000

22051337 MLS

Broker Owned - See listing #22051357 - 1.5 Acres +/- total with 319 FT Frontage on US 31. Median cut directly in front of 7620 US 31S. Traffic Count 37,082 per day. Seller prefers to sell together with MLS #22051357.

7530 US 31S, Indianapolis

$499,000

22051357 MLS

25' Tall lighted pylon sign. Broker Owned - See Listing #22051337 - 1.5 Acres +/- total with 319 FT Frontage on US 31S. Seller prefers to sell with BLC #22051337.

7620 Us 31s, Indianapolis

$245,000

22049462 MLS

Mixed use property. An opportunity to have a business and live on the property. Retail/office space with front entrance. Rehabbed interior with showroom, storage rooms, restroom. Residential 2 story space with private entrance. Building has 2 HVAC units. High traffic area just east of Speedway. Street parking for customers. Two off street parking spaces. Residential space is newly remodeled. New kitchen, bathroom, living room, bedroom. Ready to move in.

2901 W 16th Street, Indianapolis

$12,000,000

22048840 MLS

PRIME REDEVELOPMENT OPPORTUNITY IN DOWNTOWN INDIANAPOLIS Address: 371 Kansas St, Indianapolis, IN 46225 325 W Morris St, Indianapolis, IN 46225 Combined Lot Size: Approx. 3 Acres Building Size: 4,800 SF (Built in 1998) Zoning: I-3 (Industrial Heavy) & C-S (Special Commercial). Strategically positioned in the heart of downtown Indianapolis, this rare dual-parcel offering presents an exceptional opportunity for developers, investors, and visionaries looking to transform a well-located space into a high-impact project. Ideal Redevelopment Site: Over 3 acres of land suitable for large-scale development such as mixed-use residential, hotels, restaurants, entertainment venues, and more. Existing Structure: 4,800 SF building, fully fenced and secured. Income-Producing Billboard: On-site billboard with monthly revenue stream included. Zoning Flexibility: Zoned I-3 and C-S, offering wide development potential. Less than 1 mile from Lucas Oil Stadium, home of the Indianapolis Colts. Under 2 miles to Victory Field (Indianapolis Indians), the Indiana Convention Center, and Gainbridge Fieldhouse. Within walking distance of Fountain Square, Mile Square, and downtown entertainment districts. Easy access to major corridors like I-70, I-65, and South Meridian Street. Surrounded by some of the city's largest hospitality, entertainment, and residential developments, this property sits at the crossroads of Indianapolis' future growth. Investors will appreciate the area's strong tourism draw, central location, and robust demand for housing and mixed-use spaces. Ideal Uses: Urban condominiums or apartment complexes, Boutique or flagship hotel, Food hall, brewery, or restaurant row, Tech campus, creative office space, or entertainment venue, Parking structure with retail frontage. Don't miss the chance to secure one of downtown Indianapolis' most valuable and versatile properties. Schedule a site tour.

Indianapolis

$299,000

22050019 MLS

Explore the limitless potential of this expansive property in a thriving commercial district, featuring the distinguished New Day Restoration Church alongside versatile assets primed for development. Nestled on three vacant lots, each approximately half an acre. The church has a welcoming sanctuary accommodating approximately 70 to 80 congregants. Boasting practical amenities including two restrooms, an office, and ample parking. Whether you are seeking to enhance your portfolio, expand your business or church footprint, this property presents a rare opportunity to create a lasting impact.

2044 N Olney Street, Indianapolis

$290,000

22042720 MLS

Turnkey 6-unit multifamily offered at $290,000. Six studio units with stable tenants and consistent in-place rents. Current monthly gross: $4,207 ($50,484 annually). Rents include three units at $680/month, one at $340 biweekly ($737/month), one at $300 biweekly ($650/month), and one at $180/week (~$780/month). Owner currently pays utilities. Estimated annual expenses: ~$7,056. Approximate NOI: $43,428. Strong return profile with solid in-place income. Buyer to verify all financials. Off-street parking. Located on Washington Street with access to shopping and public transportation. Stabilized, income-producing asset with consistent cash flow. No showings without accepted offer. Do not disturb tenants.

3614 E Washington Street, Indianapolis

$1,250,000

22019296 MLS

This Historic Building was built for and continually used as a Masonic Lodge Building. Spacious meeting rooms with a 2 story room on the 2nd floor. Commercial kitchen in the lower level. This is a double lot with separate fenced in parking lot to the north!! So many possibilities for this property.

2201 Central Avenue, Indianapolis

$1,200,000

22014864 MLS

Great commercial site for development! 2.41 acres at one of the busiest intersections in Indianapolis. Heavy traffic count 36,497 on Shadeland Ave, 23,769 on E. 38th zone C-4 with optimum possibilities of multiple uses: drug store, convenience store, car wash, fast food etc. Vacant house on property.

3815 N Shadeland Avenue, Indianapolis

$559,000

21994616 MLS

2 Parcels and 2 buildings. 6301 Thompson Rd. (Building 1) & 4902 S. High school Rd. (Building 2/ Corner Lot). Property Overview: Offering a unique commercial investment opportunity, this property consists of two separate parcels totaling just under one acre, ideally located at the bustling intersection of Thompson and High School Road, minutes from I-465 and Decatur Central High School. Surrounded by a vibrant mix of businesses and dining options, this site benefits from high visibility and traffic, making it an excellent location for any enterprise. Building 1 Details: Previously operating as a dental laboratory, this versatile building is well-suited for a variety of uses including retail, office space, or service-oriented businesses. The structure features a well-planned layout with private offices, a functional kitchen, and ample parking for staff and visitors. Additionally, it offers potential workspace in the basement, enhancing the usability of the property. The building's adaptable design and existing facilities provide a ready-to-use space or a canvas for customization according to specific business needs. Building 2 Details: Situated on a prominent corner lot, this building is currently stripped down to the studs, offering a blank slate for a rebuild. It presents a remarkable opportunity for investors or business owners to design and construct a facility that perfectly suits specific needs, whether that involves extensive remodeling of the existing structure or demolishing it to make way for a new development that complies with C-3 zoning requirements.

4902 S High School Road, Indianapolis

$3,900,000

21984523 MLS

FANTASTIC INVESTMENT PROPERTY!! 40,000 sq ft building on 5 .5 acres close to downtown Indianapolis. Owner recently sold business. New business owner is a manufacturing company, financially strong and has a 5 year lease on entire property with a 5 year extension option. Base rent is $20,833/month with a 3% increase each year. Tenant is responsible for insurance. Landlord is responsible for roof and taxes. Property has been meticulously maintained and is completely fenced with chainlink fence. Over 1200 sq ft of office space with seperate bathrooms, heated and cooled. Site was orginally used as industial dry-cleaning facility from 1960s until 2003. Property was classified as a "Brownfield Site" and maintains a Sub-Slab Depressurization system. On July 24, 2020 IDEM indicated all corrective action complete. See attached documents. Listing agent will answer questions and arrange viewing.

2121 Hillside Avenue, Indianapolis

$520,000

21983422 MLS

Investment Opportunity in downtown Indianapolis, less than 1 mile from the new Justice center. Completely renovated in 2023, this 2,500 SF Turn-Key Restaurant has everything you need, including the business! Hood, Fryers, Walk-In Cooler, Prep Station, Grill, tables, chairs, as well as the 3 way liquor license and real estate. Pylon sign available, 15+ parking spaces on site with additional street parking nearby.

2023 Southeastern Avenue, Indianapolis

$1,000,000

21961457 MLS

Property available for Sale or Land Lease. Owner will do build-to-suit. 312' frontage on busy Rockville (US 36) Road at signaled light. Located just ease of Raceway Road. Ideal location for retail or restaurant. Neighboring property is under contract with new restaurant. Home has tenant rights. Please do not knock on the door or walk the property without permission. This property is under the jurisdiction of Marion County development criteria. High visibility and supporting demographics.

9057 Rockville Road, Indianapolis

$169,000

21950128 MLS

For over 6 decades, Frost Upholstery shop has been operating in this corner commercial property. There are 2 front entrances. The left door leads to the fabric room. The right door leads to the workshop. The workshop has an open workspace concept with double doors that leads to the rear exit. The ideal buyer would be a like-kind upholstery business. The business has existing customers and staff that would be willing to switch with the new owner. The ideal buyer could also be a business that requires an open workspace. This property is located on the corner of Michigan and Grant.

4022 E Michigan Street, Indianapolis

$2,200,000

21934980 MLS

Large industrial lot with three buildings, zoned I-4, suitable for industrial or commercial. Multiple high doors and recently renovated, with nearby interstate access and plenty of local traffic nearby. Potential for many light or medium industrial uses as well as commercial opportunities.

2000 Dr Martin Luther King Jr Street, Indianapolis

$300,000

21891460 MLS

Wooded land zoned C-1 commercial

8600 E Raymond Street, Indianapolis

$1,500,000

21891455 MLS

16.944 Acres Zoned C5 -the land is wooded.

8600 E Raymond Street, Indianapolis

$750,000

21845037 MLS

Prime Location! Outstanding Visibility! Opportunities Almost Endless. Just Over 2.5 Acres With A Corner Location! Northeast Corner Of Kentucky Avenue And Mendenhall Road (Stoplight)

5745 Kentucky Avenue, Indianapolis

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Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.