Indianapolis, IN
Commercial Real Estate Market Trends & Data

$211 Avg asking sale price
$120 Avg asking lease rate
31,932 SF Avg unit lease size
35,941 SF Avg building size for sale
7.56% Average cap rate

Indianapolis's Demographic Profile

Indianapolis has 358,372 households and a median income of $59,562, providing context for rent absorption and tenant demand across retail and multifamily assets. A -1% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 879,846
# Households 358,372
Median age 36
Median household income $59,562
Avg household size 2.0
Renter-occupied housing units 174,947
5-year population change -1%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Indianapolis, IN

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Indianapolis $164 35,391 SF 10.00%
Beech Grove $250 1,800 SF 8.00%
Greenwood $195 12,468 SF 6.97%
Nearby Retail Markets Avg Cost/SF Typical Size
Indianapolis $278 12,820 SF
Speedway $157 3,247 SF
Beech Grove $240 5,626 SF
Clermont $149 5,870 SF
Lawrence $225 9,866 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Indianapolis $194 23,957 SF 11.70%
Lawrence $134 8,043 SF 6.21%

Commercial Properties For Sale in Indianapolis

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Value-Add Office with In-Place Cash Flow

Indianapolis, IN 46268

  • 136,472 SF Office Building
  • Auction Sale
For Sale

5550 Poindexter Dr

Indianapolis, IN 46235

  • 24,146 SF Industrial Building
  • $5,500,000
For Sale

Old City Hall Properties

Indianapolis, IN 46204

  • 85,000 SF Office Building
  • Price Upon Request
For Sale

The Pennway Building

Indianapolis, IN 46204

  • 25,016 SF Office Building
  • $4,950,000
For Sale

Waterplace Park

Indianapolis, IN 46260

  • 23,292 SF Office Building
  • 7.77% Cap Rate
  • $3,600,000
For Sale

7739-7753 E 88th St

Indianapolis, IN 46256

  • 10,954 SF Office Building
  • $1,425,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Indianapolis pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Indianapolis $211 35,941 SF
Speedway $181 11,055 SF
Beech Grove $199 6,332 SF
Clermont $210 5,870 SF

Multifamily Properties For Sale in Indianapolis

For Sale

District Tap & Howl at the Moon NNN

Indianapolis, IN

  • 6.76% Cap Rate
  • $7,000,000

Regional Demographic Comparison

This comparison places Indianapolis alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Indianapolis or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Indianapolis 879,846 358,372 36 $59,562 2 174,947 -1%
Speedway 13,383 5,944 36 $53,063 2 3,315 -2%
Beech Grove 13,544 5,789 38 $55,845 2 2,667 -3%
Southport 1,933 668 35 $60,425 3 254 -2%
Clermont 1,329 540 42 $82,265 3 123 -4%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Indianapolis, IN and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Indianapolis

View All Commercial Real Estate For Sale in Indianapolis
Is Indianapolis a good market for a first-time commercial real estate investor?

Indianapolis offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Indianapolis?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Indianapolis. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Indianapolis?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Indianapolis. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Indianapolis compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Indianapolis. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Indianapolis acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Indianapolis, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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