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Listed by Jaskaran Jossan • Keller Williams Indy Metro S
$ 149,000
Est. payment /mo
Active
3427 W Michigan ST Indianapolis, IN 46222
6,022 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 6,022 sqft
Price per Sqft $24
MLS Listing ID 22092573
Year Built 1900
Tax Year 2024
Lot Size 0.260 Acres
Acres 0.26
Property Sub-Type Retail
Property Description
4-Unit Commercial Value-Add Opportunity Located at 3423 & 3427 W Michigan St, this 6,022 SF commercial property sits on 0.26 acres across two parcels and includes four total units, presenting a strong value-add investment opportunity for renovation and repositioning. The property will require significant improvements and is not currently rent-ready, making it well suited for investors seeking a project-based commercial asset with future income potential. Zoned C-3, the site supports a wide variety of commercial uses, offering flexibility for multi-tenant leasing, owner-user occupancy, or mixed-use repositioning strategies. Positioned along W Michigan St (AADT: 11,156) and located minutes from downtown Indianapolis, the property benefits from strong visibility and accessibility. Following renovations and lease-up, the asset has the potential to become a cash-flowing multi-tenant commercial property. Rezoning may be possible depending on the buyer's intended project scope. The property is being sold in as-is condition.
Location
State IN
County Marion
Zoning C-3
Interior
Fireplace N
Exterior
Utilities Available See Remarks
Building
New Construction false
Schools
School District Msd Wayne Township
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