Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Class A Retail Space Zionsville Title is generated by Realmo AI

    11000 N Michigan Rd., Zionsville, IN 46077

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $35 SF/Yr

    Premier retail space in Zionsville with high visibility and accessibility.

    Added:
    Mar 6, 2026
    Days on Market:
    77
    Last Refresh:
    Apr 6 at 12:58 am

    Property Features for 11000 N Michigan Rd.

    General Information

    Standard status
    Active

    Building Details

    Year Built
    2021

    Spaces For Lease

    at 11000 N Michigan Rd. Contact us

    We can help!

    Listing Contact
    Matt Ferguson
    Matt Ferguson

    Listing agent Matt Ferguson License #RB17000936

    Listing office Premier Commercial Real Estate Services, Inc.

    Listing date Mar 6, 2026

    Source Tcnworldwide

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Premier Commercial Real Estate Services, Inc.

    HighLights

    • Prime location in Zionsville, a highly desirable and affluent market.
    • Excellent visibility and accessibility on the highly traveled Michigan Road corridor.
    • Convenient access to I‑465, connecting to Zionsville, Carmel, and northwest Indianapolis.
    • Class A retail space, recently constructed in 2021.
    • Strong existing tenant base.
    • Ideal for retail, office, or service‑oriented businesses.

    Overview

    This Class A retail space in Zionsville, Indiana, constructed in 2021, offers a prime leasing opportunity. The property benefits from a strong tenant base and high visibility. Its location along the highly traveled Michigan Road corridor provides exceptional visibility and accessibility in a desirable and affluent market. Situated minutes from I-465, the site offers connectivity to Zionsville, Carmel, and northwest Indianapolis. This stretch of Michigan Road serves as a key retail and commercial hub, attracting consistent traffic and providing strong brand exposure for tenants. The property's proximity to I-465 ensures convenient access for both customers and suppliers, positioning it as a compelling choice for businesses seeking optimal exposure and connectivity. It is an ideal location for retail, office, or service-oriented businesses.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Zionsville
    County
    Boone
    State
    Indiana
    Longitude
    -86.2394
    Latitude
    39.947

    Nearby Similar for Lease

    • $35 SF/Yr
      1,018 SF

      Zionsville Retail Space For Rent

      Class A retail space in Zionsville, built in 2021.
      11100 N Michigan Rd, Zionsville, IN
      View Details
    • Contact for pricing
      1,620 SF

      Retail Space in Zionsville, IN

      1620 SF retail space in high-traffic Zionsville corridor.
      10895 N Michigan Rd, Zionsville, IN
      View Details
    • Contact for pricing
      4,050 SF

      Zionsville Retail and Office Space

      Retail, office, and medical space available in Zionsville, Indiana.
      3295 S US Hwy 421, Zionsville, IN
      View Details
    • Contact for pricing
      4,843 SF

      Medical Office Space Available

      4,843 SF 2nd gen dental space for lease.
      10801 N Michigan Rd, Zionsville, IN
      View Details
    • Contact for pricing
      12,000 SF

      Zionsville Industrial Flex Space

      12,000 SF flex space available for lease in Zionsville.
      10730 Bennett Parkway, Zionsville, IN, 46077
      View Details
    • $1,300/Mo
      375 SF

      Zionsville Office Space For Rent

      Office space available in Zionsville, Indiana, near retail.
      4700 Northwest Plaza W Dr, Zionsville, IN
      View Details
    • Contact for pricing
      4,800 SF

      Retail Space in Zionsville, IN

      Retail space available within The Farmstead at Grove & Green.
      3650 US-421, Zionsville, IN
      View Details
    • Contact for pricing
      3,200 SF

      Retail and Office Space Available

      Retail and office spaces for lease in Zionsville, Indiana.
      675 S Main St, Zionsville, IN
      View Details
    • Contact for pricing

      Mixed-Use Destination For Lease

      Mixed-use destination with retail, restaurant, commercial, and multifamily spaces.
      11530 US-421, Zionsville, IN 46077
      View Details

    FAQs

    What type of property is this?
    Retail space - Premier retail space in Zionsville with high visibility and accessibility.
    Where is this retail space located?
    The property is located at 11000 N Michigan Rd. Zionsville, IN.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: Prime location in Zionsville, a highly desirable and affluent market.; Excellent visibility and accessibility on the highly traveled Michigan Road corridor.; Convenient access to I‑465, connecting to Zionsville, Carmel, and northwest Indianapolis.
    (317) 454-7171
    We can help!
    Listing Contact
    Matt Ferguson
    Matt Ferguson
    Real Estate License ID: RB17000936
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    11000 N. Michigan Rd., Zionsville, IN 46077
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!