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7507 Michigan Rd 8,076 SF Retail Building Indianapolis, IN 46268 $900,000 ($111.44/SF)
INVESTMENT HIGHLIGHTS
- Large open spaces
- Lots of acreage for area with plenty of parking
- Tons of Square Footage
EXECUTIVE SUMMARY
Incredible opportunity on a Corner Lot on Michigan Road! This sprawling property has over 8,000 Square Feet and even has a separate Office space that is like its own little guest house. Not many places in the area offer this much square footage, updates, and amount of land as this place does (.87 acres). Perfect for general office, medical therapy, daycare/school....you name it! Zoned C3 it has many uses it can be. Plenty of parking and easy access. Great Street Frontage for advertising your business. Very little updates that need to occur with this building. Come see quick for this great opportunity!
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
8,076 SF
Building Class
C
Year Built
1900
Price
$900,000
Price Per SF
$111.44
Tenancy
Single
Building Height
2 Stories
Slab To Slab
10’
Building FAR
0.21
Lot Size
0.87 AC
Zoning
ZO01
Parking
10 Spaces (1.24 Spaces per 1,000 SF Leased)
Frontage
138’ on Michigan Rd
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Maria Montessori International Academy
- Educational Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Maria Montessori International Academy | Educational Services | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 49-03-29-109-014.000-600 | Improvements Assessment | $236,700 |
| Land Assessment | $124,600 | Total Assessment | $361,300 |
PROPERTY TAXES
Parcel Number
49-03-29-109-014.000-600
Land Assessment
$124,600
Improvements Assessment
$236,700
Total Assessment
$361,300
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7507 Michigan Rd
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