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5756 N. Michigan Rd. | ± 1,451 SF 5749 Michigan Rd 1,451 SF Retail Building Indianapolis, IN 46228 $590,000 ($406.62/SF)
Executive Summary
PROPERTY DETAILS
+ Size: 0.42 Acres, 1,451 SF
+ Asking Price: $590,000
PROPERTY DETAILS
+ 1,451 SF QSF with a drive-thru
+ 14 onsite parkiing spaces
+ Frontage to Michigan Road with over 23,000 VPD
+ Near Walmart Neighborhood Market (1MM+ annual vistors per placier.ai)
+ Size: 0.42 Acres, 1,451 SF
+ Asking Price: $590,000
PROPERTY DETAILS
+ 1,451 SF QSF with a drive-thru
+ 14 onsite parkiing spaces
+ Frontage to Michigan Road with over 23,000 VPD
+ Near Walmart Neighborhood Market (1MM+ annual vistors per placier.ai)
Taxes & Operating Expenses (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,451 SF
Building Class
C
Year Built
1974
Price
$590,000
Price Per SF
$406.62
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.20 AC
Zoning
ZO01
Parking
37 Spaces (25.5 Spaces per 1,000 SF Leased)
Frontage
120’ on Michigan Rd
Amenities
- Signage
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-06-03-106-105.000-800 | Improvements Assessment | $246,600 |
| Land Assessment | $80,400 | Total Assessment | $327,000 |
Property Taxes
Parcel Number
49-06-03-106-105.000-800
Land Assessment
$80,400
Improvements Assessment
$246,600
Total Assessment
$327,000
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5756 N. Michigan Rd. | ± 1,451 SF | 5749 Michigan Rd