Retail

Retail in Indianapolis, IN

8860 mirabel road, indianapolis, IN 46231

Price

Price on request

Market rate estimate — not broker-provided

Cost-of-Business Details

Very Low Confidence

Low

$61.44/SF

Mid

$72.28/SF

High

$83.12/SF

Tier Used

peer_city_transfer

Transferred from peer market rochester (similarity: 100%) with 4 comparable listings.

Peer market: rochester (100% similarity)

Tier Resolution Trace

Tier 1insufficient_data

Tier 2insufficient_data

Tier 3insufficient_data

Tier 4successselected

Cost Breakdown

Component	Value	Detail	Source
Base Rent	$72.28/SF	—	peer_city_transfer
Utilities	—	5.1¢/kWh	OpenEI URDB
Property Tax	—	0.0% eff. rate	API Ninjas
Labor Index	—	$1450/wk	BLS QCEW

Source Provenance (1)

Source	Type	Count	Year	Freshness	Peer
Peer City Transfer	economic_similarity	4	—	real-time	rochester (100%)

Data sources used

peer_city_transfer

Description

•BUILDING HIGHLIGHTS
•106,425 SF available
•2,440 SF spec office
•32’ clear height
•ESFR sprinkler system
•25 dock high doors
•2 drive-in doors
•54’ x 50 column spacing
•2,000 amp panels, 480V, 3-phase
•103 car parking
•23 trailer parking
•Fully fenced on both sides

Property description as provided by the listing source. PropZone adds independent market context, valuation estimates, and comparable listings.

Location

8860 mirabel road, indianapolis, IN 46231

Leaflet © OpenStreetMap contributors

Market Context

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.

Compare it against other retail listings for sale in Indianapolis, IN to benchmark pricing and space — view the full market.

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.