2536 Michigan Rd | Madison, IN 47250
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- LoopNet Team
2536 Michigan Rd
Madison, IN 47250
Sunrise Crossing · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Well Established Retail Corridor | Nearby National Retailers Include: Kroger, Walmart, Wyndham, McDonald’s, Holiday Inn, Arby’s, Big Lots, and More
- Robust Traffic Counts on Michigan Road (10,786 VPD) and Highway 62 (18,290 VPD) (Source: LandVision, CoStar, 2022)
- Parks and Outdoor Recreational Facilities Nearby Include: Clifty Falls State Park, Sunrise Golf Course, Hatcher Hill, Rivercrest Marina, and Others
- Affluent Bedroom Community with an Average Household Income of Over $68,000 within Five Miles of the Subject Asset, as of 2020
- Subject is 40 Miles from Downtown Louisville with a Population of 619K and 55 Miles from Downtown Cincinnati with a Population of 303K
- Recent Financing Quote | 10-Yr 60% LTV 6.55% Interest Only | 7.05% Pre-Tax Return Year 1
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
120,868 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2023
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.69
Lot Size
4.00 AC
Parking
49 Spaces (0.41 Spaces per 1,000 SF Leased)
Frontage
188’ on Michigan Road
PROPERTY TAXES
| Parcel Number | 39-08-23-300-021-000-007 | Improvements Assessment | $2,428,900 |
| Land Assessment | $186,300 | Total Assessment | $2,615,200 |
PROPERTY TAXES
Parcel Number
39-08-23-300-021-000-007
Land Assessment
$186,300
Improvements Assessment
$2,428,900
Total Assessment
$2,615,200
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