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Multi-Level Office Building
For Sale
$524,900

2226 W Michigan Street, Indianapolis, IN 46222

Commercial Sale, Indianapolis, IN

Property SizeContact for details
Lot Size0.11 Acres
Days on Market208

Property Features for 2226 W Michigan Street

General Information

Property type Residential
Property subtype Office
Zoning Com
High school George Washington High School
Elementary school district Indianapolis Public Schools
Middle school district Indianapolis Public Schools
High school district Indianapolis Public Schools
Directions GPS Friendly
Subdivision 4909 - Marion - Wayne
Standard status Active
APN 491104176024000901
Lot size 0.11 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description John H Vajen's Sub 32' E Side L3 B11& 1.5' Wside L4 B11
Legal Description John H Vajen's Sub 32' E Side L3 B11& 1.5' Wside L4 B11

Building Details

Year built 1939
Floors in Building 2
Listing Agency: Keller Williams Indy Metro NE · Keller Williams Realty
Listed By: Rochelle McDaniels · License #RB15000235
Added: Feb 13 Changed: Aug 28 Last Checked: Sep 9 at 2:06PM
MLS# 22082644

Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 1939-built office property includes three usable levels and a recently installed roof. The main floor contains a conference room, workroom, kitchenette, secretary area, restroom, and five offices. The upper floor adds another conference room or executive office, six offices, and two restrooms. A finished lower level provides several large rooms, with an Everdry-sealed foundation area.

The property is located at 2226 W Michigan Street in Indianapolis, on a main thoroughfare. It is minutes from Downtown, Eskenazi Hospital, Riley Hospital, IU hospitals, IU Indianapolis, and Purdue Indianapolis campuses. The 0.11-acre property also includes a strip of land across the alley that was intended for additional parking. Commercial zoning is identified as Com. Prior building uses included a dental office and beauty salon.

Key Highlights

  • 1939‑built office property with three usable levels
  • Main floor includes five offices, conference room, workroom, kitchenette, secretary area, and restroom
  • Upper level provides six offices, a conference room or executive office, and two restrooms

Property Analytics

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Current Use

Minnis Consulting Business Management Consultant Angels of Hope Home ... Home Health Care Service

Suggested Use

Top Pick Law Firm Real Estate Agency Nail Salon Skin Care Clinic Furniture & Home Goods Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

540
Businesses Nearby

Demographics for 46222, IN

37,185
Population
15,782
Households
2.4
Avg Household Size
31
Median Age
17%
College-Educated
78%
High-School Grad
11.0 sq mi
ZIP Area
3,380
Density / Sq Mi
$45,198
Median Household Income
$30,548
Median Earnings
$1,050
Median Rent
$104,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Indianapolis, IN

17.4% 2019
17.8% 2020
19.1% 2021
19.3% 2022
22.2% 2023
22.8% 2024
21.4% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Commercially zoned office property with multiple work areas, conference rooms, offices, and a finished lower level.
Where is this office building located?
The property is located at 2226 W Michigan Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $524,900.
What are key features of this property?
This property features: 1939‑built office property with three usable levels; Main floor includes five offices, conference room, workroom, kitchenette, secretary area, and restroom; Upper level provides six offices, a conference room or executive office, and two restrooms
More about this property
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