Indianapolis, IN Retail Space for Lease

Search 139 retail listings in Indianapolis, IN and find helpful local stats in the Market Overview section below.

Heeringa Farms Develoment

South Emerson Avenue and Edgewood Avenue, I65 - South Emerson, Indianapolis, IN
Property

Retail

25,413 SF
Availability

4 Spaces

25,413 SF
For Lease Contact for pricing
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2740 Madison Ave

2740 Madison Ave, South Village, Indianapolis, IN
Property

Retail

12,973 SF
Availability

1 Space

10,373 SF
Year Built

1920
For Lease Contact for pricing
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Barnes & Thornburg Building

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

Office

239,000 SF
Availability

1 Space

587 SF
Year Built

1908
For Lease Contact for pricing
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2211 Prospect St

2211 Prospect St, Atkinson, Indianapolis, IN
Property

Retail

8,140 SF
Availability

1 Space

8,140 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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CVS Sublease-Allisonville Rd.

9550 Allisonville Rd., Castleton, Indianapolis, IN
Property

Retail

12,500 SF
Availability

1 Space

1,200 SF
Year Built

1979
For Lease Contact for pricing
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Medical/Commercial Pre-Leasing

5901 E. Thompson Rd., I65 - South Emerson, Indianapolis, IN
Property

Retail

17,000 SF
Availability

1 Space

17,000 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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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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9700 Lakeshore Drive East - 7500 SF Space

9700 Lakeshore Drive East - 7500 SF Space, Keystone at The Crossing, Indianapolis, IN
Property

Retail

7,500 SF
Availability

1 Space

7,500 SF
For Lease Contact for pricing
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Colision Center

1523 E. Epler Ave., Edgewood, Indianapolis, IN
Property

Retail

8,200 SF
Availability

1 Space

8,200 SF
Year Built

1970
For Lease Contact for pricing
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German Church Shops

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

Retail

500,000 SF
Availability

1 Space

5,834 SF
For Lease Contact for pricing
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Meijer | In-Store Retail Space

5550 N. Keystone Ave., Broad Ripple, Indianapolis, IN
Property

Retail

192,000 SF
Availability

1 Space

762 SF
Year Built

2015
For Lease Contact for pricing
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Linwood Square Shops

4477-4481 East 10th Street, Grace Tuxedo, Indianapolis, IN
Property

Retail

6,210 SF
Availability

2 Spaces

4,058 SF
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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4250 W. 38th St.

4250 W. 38th St., Lafayette Square, Indianapolis, IN
Property

Retail

9,600 SF
Availability

1 Space

9,600 SF
Year Built

1983
For Lease

$13.00/SF/YR
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6045 E 86th St

6045 E 86th St, Castleton, Indianapolis, IN
Property

Retail

8,480 SF
Availability

1 Space

7,878 SF
Year Built

1999
For Lease Contact for pricing
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The Stutz

1060 North Capitol Avenue, North Meridian, Indianapolis, IN
Property

Retail

440,000 SF
Availability

3 Spaces

28,055 SF
Year Built

1912
For Lease Contact for pricing
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Eagle Creek Center

3802 North High School Road, Gateway West, Indianapolis, IN
Property

Retail

20,000 SF
Availability

1 Space

1,366 SF
For Lease Contact for pricing
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Former CVS-Thompson Rd.

505 E. Thompson Rd., West Edgewood, Indianapolis, IN
Property

Retail

10,125 SF
Availability

1 Space

10,125 SF
Year Built

1999
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 $29.64 per square foot.

Retail Space Lease Types in Indianapolis, IN

The most common type of lease agreement you’ll find here is NNN, with 62 space(s) available under this type of arrangement. The local market is also home to 11 retail space(s) offered under a Full Service lease agreement type, and 5 Modified Gross listing(s).

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

NNN 62
Full Service 11
Modified Gross 5

Average Size of Retail Space for Lease in Indianapolis, IN

The average size for this type of rental opportunity in Indianapolis is 1,000 sqft to 2,500 sqft. Currently, the local market offers 87 listing(s) within that size range. You can also search 71 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 Street Retail and you can find 15 such space(s) available.  

Street Retail spaces listed for rent here have an average size of 4,193 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.

The local market is also home to 10 space(s) listed as Interior Retail. The average size you can expect to find for this category is 6,636 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.

What’s more, you can find 10 listing(s) in the Freestanding category, currently available in the average size of 3,542 square feet. Freestanding retail spaces or buildings are a great choice for businesses that need more room to carry out their day-to-day operations and want to stand out. Being located on their own lot and generally featuring more generous showroom and storage space than other such space types, freestanding retail offers tenants the leeway to build the experience they want.

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

Street Retail

15

Interior Retail

10

Freestanding

10

Restaurant

8

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

Street Retail

4,193 sq. ft.

Interior Retail

6,636 sq. ft.

Freestanding

3,542 sq. ft.

Restaurant

4,503 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 — 18 retail space(s).

Indianapolis’s second most popular area is Arlington Woods, where you can find 13 retail listing(s). The most likely type of space you can rent here is Community Center. If this is the kind of property you are looking for, you will find 3 listing(s) available here.

Crooked Creek 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 1 are Strip Retail.

Top Locations to Lease Retail Space in Indianapolis, IN

Castleton

18

Arlington Woods

13

Crooked Creek

13

College Park

12

I65 - South Emerson

8

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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