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    7202 Michigan Rd Indianapolis, IN 46268

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    For Lease
    $18 SF/Yr ($15,600 /Mo)

    Freestanding 10,125 SF building on heavily traveled Michigan Road.

    Property size:
    10,400 SF
    Lot size:
    1.01 Acres

    Property Features for 7202 Michigan Rd

    General Information

    Size
    10,400 SF
    Lot size
    1.01 Acres

    Source: Cushman & Wakefield | Indianapolis Agent Carmen Thompson

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

    Overview

    Freestanding Building on Michigan Road

    This is a freestanding building with 10,125 square feet, constructed in 2001. The property is zoned C4 and situated on a 1.01-acre usable lot. It features excellent visibility along a heavily traveled corridor, with 228 feet of frontage on Michigan Road, which sees 26,418 vehicles per day. The location benefits from a signalized corner, providing a full range of access on 71st Street, as well as right-in/right-out (RIRO) access from Michigan Road. There is a pylon sign and 60 parking spaces available. The property is available for ground lease, presenting redevelopment opportunities. The real estate taxes are $25,593.34. The tenant is 100% responsible for all property expenses, maintenance, and upkeep, including real estate taxes, property insurance, and building and mechanical systems maintenance under an absolute net lease.
    Insight Report Location Intelligence

    Current Use by Public Records

    UPS Access Point ... Shipping And Mailing Service Coinhub Bitcoin ATM ... Atm MoneyGram Money Transfer Service LibertyX Bitcoin ATM Atm CDReload - Online Bitcoin ... Money Transfer Service

    Suggested Use

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

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

    Similar Places Nearby

    Encanto Floral

    Location Insight

    • Map
    • Local Demand
    City
    Indianapolis
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.211002
    Latitude
    39.88576

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    FAQs

    What type of property is this?
    Storefront property - Freestanding 10,125 SF building on heavily traveled Michigan Road.
    Where is this storefront property located?
    The property is located at 7202 Michigan Rd Indianapolis, IN.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - Excellent visibility on heavily traveled Michigan Road (26,418 VPD) with 228’ frontage.; - Absolute net lease, tenant responsible for all property expenses, maintenance, and upkeep.; - Signalized corner location with full access on 71st Street and RIRO access off Michigan Road.
    (317) 352-5430
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    7202 Michigan Rd Indianapolis, IN 46268
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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
    7202 Michigan Rd Indianapolis, IN 46268
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