Indianapolis, IN Retail Space for Lease

Search 125 retail listings in Indianapolis, IN and find helpful local stats in the Market Overview section below.

SEC S East St & National Ave

3815-3819 S East St, North Perry, Indianapolis, IN
Property

Retail

21,646 SF
Availability

1 Space

15,000 SF
For Lease

$11.00/SF/YR
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Pyramid Place

3450 W 86th St, College Park, Indianapolis, IN
Property

Retail

50,000 SF
Availability

7 Spaces

10,900 SF
Year Built

1997
For Lease Contact for pricing
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Clearwater Springs

5025 East 82nd Street, Allisonville, Indianapolis, IN
Property

Retail

199,334 SF
Availability

3 Spaces

9,017 SF
Year Built

2000
For Lease Contact for pricing
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11025 E Washington St

11025 E Washington St, Cumberland, Indianapolis, IN
Property

Retail

14,729 SF
Availability

1 Space

14,729 SF
Year Built

2006
For Lease

$19.00/SF/YR
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1404 N Main Street

1404 N Main Street, Speedway, IN
Property

Retail

3,200 SF
Availability

2 Spaces

3,200 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 $25.03 per square foot.

Retail Space Lease Types in Indianapolis, IN

The most common type of lease agreement you’ll find here is NNN, with 59 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 59
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 89 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 21 such space(s) available.  

Interior Retail spaces listed for rent here have an average size of 6,888 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 10 listing(s) in the Restaurant category, currently available in the average size of 3,741 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

Street Retail

Restaurant

Community Center

Freestanding

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

Interior Retail

6,888 sq. ft.

Street Retail

4,230 sq. ft.

Restaurant

3,741 sq. ft.

Community Center

5,956 sq. ft.

Freestanding

2,943 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 — 21 retail space(s). The most popular space type here is Restaurant. You can find 1 such listing(s) here.

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.

College Park 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 2 are Restaurant.

Top Locations to Lease Retail Space in Indianapolis, IN

Castleton

Arlington Woods

College Park

I65 - South Emerson

East Avalon Hills

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

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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Indianapolis, IN Retail Space for Lease

SEC S East St & National Ave

Pyramid Place

Clearwater Springs

11025 E Washington St

1404 N Main Street

Retail Space Rents in Indianapolis, IN

Retail Space Lease Types in Indianapolis, IN

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

Average Size of Retail Space for Lease in Indianapolis, IN

Retail Space Types You Can Lease in Indianapolis, IN

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

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

Top Locations to Lease Retail Space in Indianapolis, IN

Top Locations to Lease Retail Space in Indianapolis, IN

Key Factors to Consider When Choosing a Retail Space for Lease

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Recent Retail Market News

Kimco Realty Sells Indianapolis Retail Center

Citivest Commercial Sells Indianapolis Grocery-Anchored Retail Center

First National Realty Partners Buys Indianapolis Asset

Marcus & Millichap Sells Indianapolis Retail Development

Ft. Wayne Retail Center Changes Hands

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