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    4502 E Michigan St Indianapolis, IN 46201

    Pending
    For Sale
    $225,000

    Retail - Indianapolis, IN

    Type:Retail
    Property size:
    1,370 SF
    Lot size:
    0.23 Acres
    Days on Market:
    25
    Last Refresh:
    Dec 6 at 11:06 am

    Property Features for 4502 E Michigan St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Pending
    Zoning
    D-5
    APN
    491004140001000101
    Parking features
    Garage, Workshop
    Exterior features
    Fencing
    Fencing
    Fenced
    Size
    1,370 SF
    Lot size
    0.23 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1933
    Architectural style
    Other

    eXp Realty (888) 611-3912 [email protected]

    Listing agent Glenn Bill (888) 611-3912 License #RB14015601

    Listing date Nov 12, 2025

    MLS# 22017135 Listing URL

    Copyright © 2025 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Functional Retail Space in Indianapolis

    This property offers approximately 1370 square feet of functional space, suitable for a mechanic shop business or expansion into specialized areas like restoration or custom work. The interior and exterior have been freshly painted, and a new epoxy coat has been applied to the floor. Recently installed A/C and furnace units are present. The layout includes a spacious office area, two bathrooms, a storage room, multiple service bays, high ceilings, and ample workspace. A generous parking area is available, providing room for customers and vehicle storage within the fenced area. Situated on a highly visible stretch of East Michigan Rd, the property benefits from significant traffic flow and easy access to major thoroughfares, including Interstate 70 and Interstate 465. This central location allows for convenient customer access from all parts of Indianapolis, including downtown and surrounding neighborhoods such as Irvington, Little Flower, and Christian Park. The area is known for its bustling commercial activity and growing residential developments, ensuring a steady flow of business. The property offers excellent signage opportunities, enhancing visibility to both local traffic and commuters. The lot size is 0.23 acres. The property is zoned D-5.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Buck'S Automotive Auto Repair Shop George’s Automotive Auto Repair Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Hortons Garage Indy, LLC, M&H Garage, Hortons Towing and Recovery, Cash Towing 24 Hr Flatbed Tow Truck(LLC) Indy, RSR truck,trailer repair & truck parking

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.092423796654
    Latitude
    39.774956046525

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    FAQs

    What type of property is this?
    Auto shop - Ready-to-move-in mechanic shop with high visibility and ample parking.
    Where is this auto shop located?
    The property is located at 4502 E Michigan St Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: - Move-in ready mechanic shop with recent updates: fresh paint, new epoxy floor, and new A/C and furnace.; - Prime location on highly visible East Michigan Rd with high traffic flow and easy access to I-70 and I-465.; - Approximately 1370 sqft of functional space including office, 2 bathrooms, storage, and multiple service bays.
    (888) 611-3912
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    4502 E Michigan St Indianapolis, IN 46201
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    Indianapolis, IN 46201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4502 E Michigan St Indianapolis, IN 46201
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