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Indianapolis, Indiana

Indianapolis Office

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600 E. 96th Street, Suite 500
Indianapolis, IN 46240
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Phone: (317) 218-5300
Fax: (317) 218-5310

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In 1971, Marcus & Millichap was founded on a unique set of principles to maximize value for real estate investors and, in the process, revolutionized the brokerage industry.

Josh Caruana

Josh Caruana

First Vice President/District Manager
Direct: (317) 218-5350
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The Indianapolis Office

The Indianapolis office of Marcus & Millichap offers specialization in several areas of commercial real estate, including multifamily, retail, office, single-tenant net-lease, industrial, self-storage, seniors housing, hospitality, manufactured homes and special assets. These investment professionals maintain a strong share in the greater Indianapolis commercial property sector as well as throughout the Midwest real estate investment market. Agents often cooperate with their colleagues in other Marcus & Millichap offices in the Midwest, East Coast, West Coast, Florida and Texas, often sourcing capital from private and institutional real estate investors not available to other brokerages. The office does a large business in 1031 exchanges and crossover buyers within the local and Midwest markets.

CURRENT MIDWEST LISTINGS

Your Property Search Starts Here

Finding the right investment opportunity is easy when choosing from the industry’s largest, most diverse collection of exclusive commercial real estate listings. Start your search now.

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Retail

O'Hare Airport Adjacent Strip Center

Schiller Park, IL

Price/Gross SF: $167.39

Cap Rate: 8.27%

Listing Price: $3,850,000

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Industrial

Historic IRMCO Manufacturing Facility | Occupied Since 1917

Evanston, IL

Price/Gross SF: $82.97

Cap Rate: 8.82%

Listing Price: $2,400,000

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Office

Merrillville Professional Office

Merrillville, IN

Price/Gross SF: $138.37

Cap Rate: 9.33%

Listing Price: $4,600,000

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Industrial

Vermillion Rise 50,000 SF Industrial Building

Hillsdale, IN

Price/Gross SF: $72.00

Listing Price: $3,600,000

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Net Lease

Starbucks w/ Dr-Thru | Rare 15 Yr NNN Ground Lease | Chicago MSA | 2025 Construction | Strong Demos

Elgin (Chicago MSA), IL

Years Remaining On Lease: 15.1

Cap Rate: 6.00%

Listing Price: $3,425,000

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Net Lease

Walgreens

Omaha, NE

Years Remaining On Lease: 13.6

Cap Rate: 6.65%

Listing Price: $3,430,737

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Hospitality/Golf

La Quinta Inns & Suites Elkhart

Elkhart, IN

Price/Room: $1,754

Cap Rate: 6.55%

Listing Price: $3,500,000

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Net Lease

Texas Roadhouse | Rare Fee-Simple Ownership | 15-Year Absolute NNN Corporate Lease

Indianapolis, IN

Years Remaining On Lease: 14.6

Cap Rate: 5.75%

Listing Price: $5,828,000

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Apartments

Sheridan Apartments

Pekin, IL

Number of Units: 24

Cap Rate: 8.04%

Listing Price: $1,590,000

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Net Lease

Advance Auto Parts | 10+ Years Remaining | Early Lease Extension

Sioux City, IA

Years Remaining On Lease: 10.6

Cap Rate: 7.35%

Listing Price: $1,231,000

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Retail

Sleep Number Three-Tenant Center | All New Construction

Columbus, IN

Price/Gross SF: $710.47

Cap Rate: 6.55%

Listing Price: $3,765,500

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Net Lease

Texas Roadhouse | Rare Fee-Simple Ownership | 15-Year Absolute NNN Corporate Lease

Avon (Indianapolis MSA), IN

Years Remaining On Lease: 14.6

Cap Rate: 5.75%

Listing Price: $5,145,000

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Retail

Park Lawn Plaza

Oak Lawn, IL

Price/Gross SF: $192.02

Cap Rate: 8.73%

Listing Price: $4,740,000

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Apartments

604 Devon Avenue

Park Ridge, IL

Number of Units: 26

Cap Rate: 6.03%

Listing Price: $6,150,000

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Net Lease

Cleveland Clinic - Avon Lake Family Health Center

Avon Lake, OH

Years Remaining On Lease: 2.6

Cap Rate: 7.00%

Listing Price: $3,890,000

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Properties

RECENT MIDWEST RESEARCH

Essential Market Insights

Marcus & Millichap’s research services division is dedicated to providing our clients with cutting-edge market research and innovative insights. Browse our recent reports and videos focused on your areas of interest.

VIEW ALL MIDWEST RESEARCH VIEW ALL U.S. & CANADA RESEARCH

Research Video

Can the Office Market Regain Its Footing in 2025?

May 5, 2025

Employment

Research Brief

Employment

April 2025

Research Video

Retail CRE Positioned to Withstand Potential Headwinds

May 5, 2025

Research Video

Industrial Investments Durable Amid Uncertainty

April 30, 2025

Economy

Research Brief

Retail Sales

April 2025

Research Video

Multifamily Well Positioned to Face Economic Headwinds

April 28, 2025

mm hospitality

Market Report

2025 Hospitality Investment Outlook

2025 Outlook

Research Video

Emerging Signals in the Office Investment Market

April 23, 2025

Research Video

Private Investors Taking the Lead in CRE Investment?

April 21, 2025

Research Video

How Consumer Sentiment Could Shape Multifamily Demand

April 18, 2025

GDP

Research Brief

Inflation

April 2025

Research Video

Financial Market Whiplash vs CRE Investment Durability

April 14, 2025

Research Video

Market Reacts to Tariffs – Implications for CRE?

April 7, 2025

Employment

Research Brief

Employment

April 2025

Research Video

Rising Above Uncertainty: A Five-Year Perspective

March 31, 2025

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Research

RECENT NEWS & EVENTS

The Latest News Impacting Your Investment

Stay informed with the news and events impacting your investment strategy.

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O'Reilly

Press Releases

Marcus & Millichap Arranges Sale of Net-Leased O’Reilly Auto Parts in Tavares, Florida

Marcus & Millichap announced today the sale of a net-leased O’Reilly Auto Parts property in Tavares, Florida for $2,229,000.

May 12, 2025

Ace Hardware

Press Releases

Marcus & Millichap Announces Sale and Financing of Ace Hardware Property in Winter Garden, Florida

Marcus & Millichap announced today the sale of a net-lease Ace Hardware property in Winter Garden, Florida for $5,313,043.

May 12, 2025

National Forums Symposium
Industry Events

NAIOP National Forums Symposium

The Sheraton New Orleans Hotel, New Orleans, Louisiana
May 13 – May 15, 2025
ICSC LAS VEGAS
Industry Events

ICSC LAS VEGAS

Las Vegas Convention Center, Las Vegas, NV
May 18 – May 20, 2025
The Trail Inn

Press Releases

Marcus & Millichap Brokers Sale of 36-Room Hotel Property in Atlanta, Illinois

Marcus & Millichap announced today the sale of The Trail Inn, a 36-room hotel property located in Atlanta, Illinois.

May 01, 2025

Van Dyke Village Townhomes

Press Releases

Marcus & Millichap Brokers $2.75M Sale of 20-Unit Multifamily Property in Maplewood, Minnesota

Marcus & Millichap announced today the sale of Van Dyke Village Townhomes, a 20-unit multifamily property located in Maplewood, Minnesota.

May 01, 2025

Marcus & Millichap

Press Releases

Marcus & Millichap Announces Senior Management Reorganization to Maximize Growth Opportunities

Marcus & Millichap announced today a management realignment to streamline decision making, execution and allocation of key executives to strategic growth initiatives.

April 30, 2025

100 Chaddick Drive

Press Releases

Marcus & Millichap Arranges $5.8M Sale of Industrial Property in Wheeling, Illinois

Marcus & Millichap announced today the sale of 100 Chaddick Drive, a 72,000-square-foot industrial property in Wheeling, Illinois for $5,578,000.

April 30, 2025

Tyler Carlisle Portfolio

Press Releases

Marcus & Millichap Arranges $5.8 Million Sale of 49-Unit Multifamily Portfolio in Western Wisconsin

Marcus & Millichap announced today the sale of a 49-unit multifamily portfolio in Ellsworth and Baldwin, Wisconsin.

April 30, 2025

Dobbs Tire Wentzville

Press Releases

Marcus & Millichap Arranges $3.87M Sale-Leaseback of Dobbs Tire & Auto Property in Wentzville, Missouri

Marcus & Millichap announced today the sale of a net-leased Dobbs Tire & Auto property in Wentzville, Missouri for $3,872,000.

April 23, 2025

The Liberty

Press Releases

Marcus & Millichap Brokers $59 Million Luxury Multifamily Asset Sale in Suburban Minneapolis

Marcus & Millichap announced today the sale of The Liberty, a 242-unit multifamily property in Golden Valley, Minnesota.

April 22, 2025

Walmart Shadow Center Wisconsin

Press Releases

Marcus & Millichap Arranges $2.87M Sale of Wisconsin Rapids Retail Center

Marcus & Millichap announced today the sale of a two-building, six-suite retail center in Wisconsin Rapids, Wisconsin for $2,875,000.

April 22, 2025

Goddard School

Press Releases

Marcus & Millichap Announces Sale of Net-Lease Childcare Facility in Keller, Texas

Marcus & Millichap announced today the sale of a net-leased childcare facility occupied by The Goddard School.

April 22, 2025

Starbucks Shops Arizona

Press Releases

Marcus & Millichap Arranges $6.65 Million Sale of Starbucks-Anchored Retail Strip in Chandler, Arizona

Marcus & Millichap announced today the sale of a three-suite retail strip property in Chandler, Arizona for $6.65 million.

April 21, 2025

NM Self Storage

Press Releases

Marcus & Millichap Arranges Sale of 292-Unit Self-Storage Portfolio in Clovis, N.M.

Marcus & Millichap announced today the sale of a two property, 292-unit self-storage portfolio in Clovis, New Mexico.

April 21, 2025

Keep Exploring

News & Events