5701 N Michigan Rd 3,040 SF Retail Building Indianapolis, IN 46228 $599,000 ($197.04/SF) 9.13% Cap Rate

Property Overview:
Position your business or portfolio for success with this prime retail opportunity located in one of Indianapolis’ highest-traffic corridors. Offering 13,068 SF of land area, this multi-tenant retail building is ideal for service providers, retailers, and investors seeking visibility, accessibility, and long-term upside.
Located in the heart of the Park 100 Indianapolis Submarket, this asset benefits from heavy daily traffic, close proximity to major residential hubs, and easy connectivity to I-65 and downtown Indianapolis.
Property Highlights:
Building Size: 3,040 SF
Land Size: 13,068 SF
Parking: 10 spaces on-site
Number of Units: 3 suites
Suite A: 1,020 RSF (Previous use: Laundry)
Suite B: 970 RSF (Previous use: Retail)
Suite C: 1,300 RSF (Previous use: Retail)
Zoning: Commercial C-1
Condition: Construction-ready for new tenants
Market Area: Indianapolis Northwest / Park 100 Submarket
Signage: Highly visible storefront signage
Frontage: Excellent Michigan Road frontage near W 57th Street
High Traffic Counts: Ideal for maximizing customer exposure
Strategic Location:
Only 3.6 miles to I-65 for quick highway access
Less than 15 minutes to downtown Indianapolis
Near densely populated residential neighborhoods including New Augusta, Greenbriar, and Wynndale/Spring Hill
Pulls traffic from surrounding major retailers, restaurants, and established businesses in the Park 100 industrial and commercial hub
Investment Potential:
This is a rare opportunity to purchase a well-located retail center in a rapidly growing area with strong demographics and consistent traffic flow. Whether you're an investor seeking stable cash flow, or an owner-operator ready to customize suites to fit your business, this asset offers flexibility, visibility, and strong long-term value.
Contact Leasing & Sales:
leasing@sojoscapital.com
317-372-3491