Retail Business for Sale in Indianapolis, IN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Indianapolis, IN 46250

Description

Castleton Square is a shopping center with 91,034 square feet of retail. The property is an outlot to Castleton Square Mall, which is Indianapolis’ Premier Regional Mall. Surrounding communities include Fishers to the northeast, Carmel to the northwest and Lawrence to the southeast.

Market Context

This retail in Indianapolis, IN is listed for sale. It has been on the market for 148 days. Compare it against other retail listings for sale in Indianapolis, IN — <a href="/search/sale/retail/indiana/indianapolis">view the full market</a>.

As of Q1 2026, the Indianapolis retail market showed a 8.0% vacancy rate, average asking rents near $5.00/SF/yr, and rents up 4.0% year over year. Source: Cushman & Wakefield Q1 2026 market report.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

Is the Indianapolis retail market tightening or softening?
Vacancy is around 8.0%, with asking rents rising year over year (Q1 2026).

Unified Estimate

Very Low Confidence

$16.17/SF – $21.87/SF

Mid: $19.02/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

No local comparable sales were available, so this estimate is transferred from a comparable peer market — treat it as a rough indication only. Transferred from peer market rochester (similarity: 100%) with 4 comparable listings.

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