Indianapolis, IN Retail Space for Lease

Search 137 retail listings in Indianapolis, IN and find helpful local stats in the Market Overview section below.

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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CVS Sublease-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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Franklin Corners

6120 E Thompson Rd, Churchman Estates, Indianapolis, IN
Property

Retail
Availability

1 Space

1,200 SF
Year Built

2008
For Lease Contact for pricing
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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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12-18 N Delaware Street

12 N Delaware Street, North Meridian, Indianapolis, IN
Property

Office

10,129 SF
Availability

3 Spaces

7,656 SF
Year Built

1930
For Lease

$14.00 - $25.00/SF/YR
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5959 North Michigan Road

5959 North Michigan Road, Crooked Creek, Indianapolis, IN
Property

Retail

7,110 SF
Availability

1 Space

3,700 SF
Year Built

1956
For Lease

$19.50/SF/YR
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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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Westlane Shopping Center

7115 Michigan Road, Crooked Creek, Indianapolis, IN
Property

Retail

17,000 SF
Availability

2 Spaces

9,800 SF
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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4830 South Emerson Avenue

4830 South Emerson Avenue, Beech Grove, Indianapolis, IN
Property

Retail

11,191 SF
Availability

1 Space

2,250 SF
For Lease

$20.00/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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930 W. 10th St.

930 W. 10th St., Fall Creek and 16th Street Park, Indianapolis, IN
Property

Retail
Availability

2 Spaces

3,983 SF
Year Built

2012
For Lease

$27.50/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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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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10020 East 30th Street

10020 East 30th Street, Eastbrooke Meadows, Indianapolis, IN
Property

Retail

8,320 SF
Availability

1 Space

8,320 SF
For Lease Contact for pricing
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2nd Generation Retail Space at CityWay

309 South Delaware Street, Fletcher Place, Indianapolis, IN
Property

Retail
Availability

1 Space

1,919 SF
For Lease Contact for pricing
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8401 Michigan Road

8401 Michigan Road, Westchester Estates, Indianapolis, IN
Property

Retail

74,852 SF
Availability

1 Space

21,780 SF
For Lease Contact for pricing
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609-611 N Delaware St

609-611 N Delaware St, St. Joseph, Indianapolis, IN
Property

Retail

11,344 SF
Availability

1 Space

11,344 SF
Year Built

1953
For Lease

$12.00/SF/YR
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2nd Generation Restaurant Space

6280 N College Avenue, Suite 700, Warfleigh, Indianapolis, IN
Property

Retail

26,471 SF
Availability

1 Space

9,772 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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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 $24.01 per square foot.

Retail Space Lease Types in Indianapolis, IN

The most common type of lease agreement you’ll find here is NNN, with 63 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 63
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 91 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 22 such space(s) available.  

Interior Retail spaces listed for rent here have an average size of 6,542 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 18 space(s) listed as Street Retail. The average size you can expect to find for this category is 4,019 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 8 listing(s) in the Restaurant category, currently available in the average size of 3,906 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

22

Street Retail

18

Restaurant

8

Freestanding

7

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

Interior Retail

6,542 sq. ft.

Street Retail

4,019 sq. ft.

Restaurant

3,906 sq. ft.

Freestanding

3,485 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 — 22 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.

College Park is also among the best areas to search for your next commercial space. Here you can find 12 retail space(s) available for consideration by prospective tenants, of which 2 are Restaurant.

Top Locations to Lease Retail Space in Indianapolis, IN

Castleton

22

Arlington Woods

13

College Park

12

East Avalon Hills

11

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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