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    5701 Michigan Rd Indianapolis, IN 46228

    For Sale
    $599,000

    Retail - Indianapolis, IN

    Type:Retail
    Property size:
    3,040 SF
    Lot size:
    0.30 Acres
    Days on Market:
    40
    Last Refresh:
    Dec 13 at 6:06 pm

    Property Features for 5701 Michigan Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    C3
    APN
    490603106004000800
    Size
    3,040 SF
    Lot size
    0.30 Acres

    Building Details

    Year built
    1960
    Architectural style
    Other

    eXp Realty (812) 734-6048 [email protected]

    Listing agent Fabricio Perez (888) 611-3912 License #RB14036634

    Listing date Nov 4, 2025

    MLS# 22035266 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

    Indianapolis Retail Property For Sale

    This retail property, located in Indianapolis, Indiana, offers 3040 square feet of space on a 0.3-acre lot. Zoned C3, the property is situated in a well-connected area, approximately 3.6 miles from I-65, providing convenient access to downtown Indianapolis and surrounding suburbs. The location is near residential neighborhoods, schools, and established commercial hubs, potentially ensuring a steady and diverse customer base. The property draws traffic from Westside neighborhoods including New Augusta, Green Briar, and Wynnedale/Springhill.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Amazon Locker - Martina Shipping And Mailing Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.196249
    Latitude
    39.857699

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    FAQs

    What type of property is this?
    Retail property - Retail property in well-connected area, near highways and residential neighborhoods.
    Where is this retail property located?
    The property is located at 5701 Michigan Rd Indianapolis, IN.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - Excellent location with easy access to downtown Indianapolis and surrounding suburbs via I-65 (3.6 miles).; - Situated in a well-connected area near thriving residential neighborhoods.; - Close proximity to schools and established commercial hubs.
    (888) 611-3912
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    5701 Michigan Rd Indianapolis, IN 46228
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    Indianapolis, IN 46228
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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
    5701 Michigan Rd Indianapolis, IN 46228
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