Indianapolis, IN Retail Space for Lease

Search 133 retail listings in Indianapolis, IN and find helpful local stats in the Market Overview section below.

CityWay

229 S Delaware St., Fletcher Place, Indianapolis, IN
Property

Retail

44,000 SF
Availability

3 Spaces

10,945 SF
For Lease Contact for pricing
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Endcap with Drive Thru Potential

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

Retail

25,000 SF
Availability

1 Space

4,824 SF
For Lease Contact for pricing
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1 Virginia Ave

1 Virginia Ave, Fletcher Place, Indianapolis, IN
Property

Office

58,812 SF
Availability

5 Spaces

59,052 SF
For Lease Contact for pricing
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Oaklandon Center

6314 Oaklandon Rd., Oaklandon, Indianapolis, IN
Property

Retail

10,510 SF
Availability

2 Spaces

1,800 SF
For Lease

$18.50/SF/YR
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3790 Lafayette Road

3790 Lafayette Rd, Eagledale, Indianapolis, IN
Property

Retail

14,167 SF
Availability

1 Space

14,167 SF
Year Built

1957
For Lease Contact for pricing
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62nd & Keystone

2113 E 62nd St, Broad Ripple, Indianapolis, IN
Property

Retail

2,445 SF
Availability

1 Space

2,445 SF
Year Built

2007
For Lease

$34.00/SF/YR
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Penrose on Mass Project

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

Retail

39,000 SF
Availability

2 Spaces

9,555 SF
For Lease Contact for pricing
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Retail / Office @ Parkside at Tarkington

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

Retail

57,728 SF
Availability

1 Space

8,000 SF
For Lease Contact for pricing
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Crossing at 96th Street

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

Retail

120,000 SF
Availability

1 Space

120,000 SF
Year Built

1995
For Lease Contact for pricing
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Sunnyside Shoppes

5845 Sunnyside Road, Winding Ridge, Indianapolis, IN
Property

Retail

100,000 SF
Availability

1 Space

5,000 SF
For Lease

$500.00/SF/YR
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9910-9994 East Washington Street

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

Retail

60,630 SF
Availability

3 Spaces

4,200 SF
Year Built

1978
For Lease Contact for pricing
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423 East Michigan Street

423 East Michigan Street, Lockerbie Square, Indianapolis, IN
Property

Retail

5,318 SF
Availability

2 Spaces

5,318 SF
For Lease Contact for pricing
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Dental Office

10863 E Washington St, Creekside Woods, Indianapolis, IN
Property

Retail
Availability

1 Space

4,823 SF
For Lease Contact for pricing
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5630 Georgetown Rd

5630 Georgetown Rd, Liberty Creek, Indianapolis, IN
Property

Retail

1,530 SF
Availability

1 Space

1,530 SF
Year Built

1991
For Lease Contact for pricing
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3701 Shadeland Ave.

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

Retail

22,750 SF
Availability

1 Space

1,100 SF
Year Built

1960
For Lease Contact for pricing
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1145 Shelby St.

1145 Shelby St., Fountain Square, Indianapolis, IN
Property

Retail

2,740 SF
Availability

1 Space

1,353 SF
For Lease Contact for pricing
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1240 East Stop 11 Road

1240 East Stop 11 Road, Briarstone Villas, Indianapolis, IN
Property

Retail

900 SF
Availability

1 Space

912 SF
Year Built

1985
For Lease Contact for pricing
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Meijer | In-Store Retail Space

11351 E. Washington Street, Cumberland, Indianapolis, IN
Property

Retail

208,302 SF
Availability

2 Spaces

856 SF
Year Built

2020
For Lease Contact for pricing
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333 N Pennsylvania St

333 N Pennsylvania St, North Meridian, Indianapolis, IN
Property

Retail

26,400 SF
Availability

1 Space

6,000 SF
Year Built

1912
For Lease Contact for pricing
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980 N. Shadeland Avenue

980 N. Shadeland Avenue, Irvington, Indianapolis, IN
Property

Retail

123 SF
Availability

1 Space

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

Rent costs for this type of commercial space depend on a variety of factors. The foremost of these is location, which will dictate how accessible a business is and how much foot traffic it gets. Other factors, such as space type and lease structure, also come into play. On average, retail space for lease in Indianapolis asks $25.39 per square foot.

Retail Space Lease Types in Indianapolis, IN

The most common type of lease agreement you’ll find here is NNN, with 56 space(s) available under this type of arrangement. The local market is also home to 7 retail space(s) offered under a Full Service lease agreement type, and 4 Modified Gross listing(s).

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

NNN 56
Full Service 7
Modified Gross 4

Average Size of Retail Space for Lease in Indianapolis, IN

The average size for this type of rental opportunity in Indianapolis is 1,000 sqft to 2,500 sqft. Currently, the local market offers 85 listing(s) within that size range. You can also search 68 listing(s) in the more than 5,000 sqft range. It should be noted that spaces in this real estate category are generally specialized to cater to the needs of a particular business, so the average sizes of different retail space types can vary greatly.

Retail Space Types You Can Lease in Indianapolis, IN

Retail space in Indianapolis comes in all types, shapes, and sizes, so you have a good chance to find the right space for your business. The most common type here is listed as Interior Retail and you can find 20 such space(s) available.  

Interior Retail spaces listed for rent here have an average size of 7,036 square feet. Interior retail space can accommodate a wide variety of vendors and is designed specifically to enhance the experience of the clients and to encourage them to engage with the products and services that are being offered.

The local market is also home to 15 space(s) listed as Street Retail. The average size you can expect to find for this category is 4,230 square feet. You’ll find street retail spaces are mostly located in urban and suburban areas that have high foot traffic. This type of space is often a great choice for smaller retailers that are looking for well-positioned points of sale.

What’s more, you can find 13 listing(s) in the Restaurant category, currently available in the average size of 3,711 square feet. Retail space specialized for restaurants usually includes ample seating areas and enough room for the safe preparation of food. Restaurant spaces may be embedded in a larger mall or can be freestanding buildings.

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

Interior Retail

20

Street Retail

15

Restaurant

13

Community Center

4

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

Interior Retail

7,036 sq. ft.

Street Retail

4,230 sq. ft.

Restaurant

3,711 sq. ft.

Community Center

5,956 sq. ft.

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

Top Locations to Lease Retail Space in Indianapolis, IN

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

Castleton is your top choice for lease opportunities, as it is currently home to the highest number of listings — 23 retail space(s). The most popular space type here is Freestanding. You can find 1 such listing(s) here.

Indianapolis’s second most popular area is I65 - South Emerson, where you can find 14 retail listing(s). The most likely type of space you can rent here is Street Retail. If this is the kind of property you are looking for, you will find 1 listing(s) available here.

Arlington Woods is also among the best areas to search for your next commercial space. Here you can find 13 retail space(s) available for consideration by prospective tenants, of which 3 are Community Center.

Top Locations to Lease Retail Space in Indianapolis, IN

Castleton

23

I65 - South Emerson

14

Arlington Woods

13

College Park

12

North Meridian

11

Key Factors to Consider When Choosing a Retail Space for Lease

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

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

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Recent Retail Market News

Kimco Realty Sells Indianapolis Retail Center

The deal also marks the new owner’s debut in the market.

Citivest Commercial Sells Indianapolis Grocery-Anchored Retail Center

Kroger has been the main tenant at the property for more than 50 years.

First National Realty Partners Buys Indianapolis Asset

A recently renovated Kroger supermarket anchors the 268,000-square-foot property.

Marcus & Millichap Sells Indianapolis Retail Development

The property is part of The Village at Eagle Creek shopping center and was put under contract before it was completed earlier this year.

Ft. Wayne Retail Center Changes Hands

Jefferson Pointe Center SPE LLC purchased Jefferson Pointe, a mixed-use lifestyle center, comprised of retail, restaurant and entertainment-focused tenants.

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