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2305 W Michigan St
Indianapolis, IN 46222
FAMILY DOLLAR · Retail Property For Sale
Investment Highlights
- 12-Years remaining on the base term of an initial 15-Year lease
- Upgraded construction building (no metal sides)
- 2017 build-to-suit construction for Family Dollar
- 10% rent increase in the base term of the lease (Cap Rate will increase to 6.22% on 4/1/2028)
Property Facts
Property Type
Retail
Property Subtype
Building Size
9,048 SF
Building Class
C
Year Built/Renovated
1978/2017
Tenancy
Single
Building Height
1 Story
Slab To Slab
10’
Building FAR
0.16
Lot Size
1.31 AC
Zoning
GC - General Commercial
Frontage
84’ on W Michigan St
Amenities
- Signage
Property Taxes
| Parcel Number | 49-11-04-134-036.000-901 | Improvements Assessment | $58,900 |
| Land Assessment | $98,500 | Total Assessment | $157,400 |
Property Taxes
Parcel Number
49-11-04-134-036.000-901
Land Assessment
$98,500
Improvements Assessment
$58,900
Total Assessment
$157,400
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