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5066 E Michigan St 5,236 SF Retail Building Indianapolis, IN 46201 $260,000 ($49.66/SF)
Executive Summary
Commercial property zoned non-residential-C3. This property has great potential for multiple uses. It was formerly a bar. More recently it was used for a fencing company. It could be used as multi-tenant office space. The building is 2 levels plus a basement. Upstairs is a bathroom with a standup shower. There are many items inside that will be removed prior to closing. If the buyer has any interest in the contents, a price can be negotiated.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,236 SF
Building Class
C
Year Built
1925
Price
$260,000
Price Per SF
$49.66
Tenancy
Single
Building Height
2 Stories
Building FAR
0.78
Lot Size
0.15 AC
Zoning
C-3
Parking
15 Spaces (5.73 Spaces per 1,000 SF Leased)
Frontage
127’ on E Michigan St
Amenities
- Signalized Intersection
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-10-04-133-049.000-101 | Improvements Assessment | $125,200 |
| Land Assessment | $14,800 | Total Assessment | $140,000 |
Property Taxes
Parcel Number
49-10-04-133-049.000-101
Land Assessment
$14,800
Improvements Assessment
$125,200
Total Assessment
$140,000
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Contact the Sale Advisor
5066 E Michigan St