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Michigan Road Animal Hospital - Indianapolis 7720 Michigan Rd 5,600 SF Retail Building Indianapolis, IN 46268 $1,350,000 ($241.07/SF) 10.38% Cap Rate
INVESTMENT HIGHLIGHTS
- The property sits on the very well-trafficked Michigan Rd, which sees over 33,632 VPD.
- The property has a general commercial zoning designation, supporting a range of commercial and light industrial uses.
- The property has a very long, illustrious history operating as a veterinary clinic and is currently operated by NVA, one of the strongest operators.
- The current lease features annual CPI increases, a great hedge against inflation.
- Demographics in the immediate area are strong, with a household income average of over $100,000 in a 5-mile radius.
EXECUTIVE SUMMARY
Sands Investment Group is pleased to exclusively offer for sale the 5,600 SF Michigan Road Animal Hospital located at 7720 Michigan Rd in Indianapolis, IN. The current lease includes annual CPI increases, providing a strong hedge against inflation, and the property’s zoning allows for a wide range of commercial uses. Together, these features create a highly attractive and flexible investment opportunity.
In Cooperation With Sands Investment Group Indiana, LLC - Lic. #RC52000211 BoR: Andrew Ackerman - Lic. IN #RB20001918
In Cooperation With Sands Investment Group Indiana, LLC - Lic. #RC52000211 BoR: Andrew Ackerman - Lic. IN #RB20001918
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,600 SF
Building Class
C
Year Built/Renovated
1958/1970
Price
$1,350,000
Price Per SF
$241.07
Cap Rate
10.38%
NOI
$140,126
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.19 AC
Zoning
ZO01
Parking
20 Spaces (3.57 Spaces per 1,000 SF Leased)
Frontage
159’ on N Michigan Rd
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Michigan Road Animal Hospital
- Professional, Scientific, and Technical Services
- 5,600 SF
- $24.29
- Double Net
- Dec 2026
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Michigan Road Animal Hospital | Professional, Scientific, and Technical Services | 5,600 SF | $24.29 | Double Net | Dec 2026 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 49-03-29-114-013.000-600 | Improvements Assessment | $179,900 |
| Land Assessment | $147,900 | Total Assessment | $327,800 |
PROPERTY TAXES
Parcel Number
49-03-29-114-013.000-600
Land Assessment
$147,900
Improvements Assessment
$179,900
Total Assessment
$327,800
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