Freestanding Retail Building with
For Lease
Contact for pricing
7202 Michigan Rd, Indianapolis, IN 46268
Freestanding retail building with 60 parking spaces on a signalized corner with Michigan Road visibility.
Space Size10,400 SF
Lot Size1.01 Acres
Days on Market1127
Property Features for 7202 Michigan Rd
General Information
Standard status
Active
Size
10,400 SF
Total Parking Spaces
60
Lot size
1.01 Acres
Property subtype
RETAIL
Zoning
C4
Lease Type
NNN
Site & Location
Traffic Count
26,418 vehicles/day
Road Access
Yes
Amenities
pylon sign
Building Details
Year Built
2001
Spaces For Lease
at 7202 Michigan Rd Contact us- Floor
- Bldg
- Size
- 10,400 SF
- Type
- RETAIL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
7202 Michigan Rd $18/SF/Yr
- Freestanding building, 10,125 square feet, built 2001
- Absoulte net lease, Tenant...
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Listing Agency:
Cushman & Wakefield | Indianapolis
(317) 634-6363
Listed By:
Carmen Thompson
(317) 352-5430
Source:
Moodyscre
Added: Aug 15, 2023
Changed: Sep 14
Last Checked: Sep 14 at 7:17AM
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 Cushman & Wakefield | Indianapolis
Investment Insights
Based on property information with market context.
This freestanding retail building totals 10,125 square feet and was built in 2001. The property is offered on an absolute net lease basis, with the tenant responsible for real estate expenses, including property taxes, insurance, and maintenance and upkeep of the building and mechanical systems. The site includes 1.01 usable acres and is zoned C4.
The property benefits from excellent visibility along a heavily traveled corridor, with approximately 228 feet of frontage on Michigan Road (26,418 VPD). It is a signalized corner providing full access on 71st Street and right-in/right-out access off Michigan Road. Additional site amenities include a pylon sign and 60 parking spaces.
A ground lease may be available to support redevelopment opportunities. The listed real estate tax amount is $25,593.34.
The property benefits from excellent visibility along a heavily traveled corridor, with approximately 228 feet of frontage on Michigan Road (26,418 VPD). It is a signalized corner providing full access on 71st Street and right-in/right-out access off Michigan Road. Additional site amenities include a pylon sign and 60 parking spaces.
A ground lease may be available to support redevelopment opportunities. The listed real estate tax amount is $25,593.34.
Key Highlights
- Freestanding building with 10,125 SF built in 2001 on a signalized corner
- Absolute net lease: tenant responsible for property expenses, including real estate taxes, insurance, and building/mechanical maintenance
- 1.01 AC usable land, zoned C4
Property Analytics
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Current Use
Lease Details
26,418 VPD
Traffic count
Yes
Paved road access
NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
351
Businesses Nearby
Explore this area
Business Placement
Demographics for 46268, IN
26,353
Population
11,904
Households
2.2
Avg Household Size
38
Median Age
40%
College-Educated
91%
High-School Grad
12.7 sq mi
ZIP Area
2,075
Density / Sq Mi
$63,322
Median Household Income
$41,596
Median Earnings
$1,171
Median Rent
$208,500
Median Home Value
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Market
Lease Benchmarks for Indianapolis, IN
$17.14 /SF/Yr
Avg Asking Price
$2.22–$27.5 /SF/Yr
Price Range
8,556 SF
Avg Space Size
This space is priced 5% above the average of $17.14 /SF/Yr.
Vacancy Rate% for Retail in Indianapolis, IN
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding retail building with 60 parking spaces on a signalized corner with Michigan Road visibility.
Where is this retail space 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: Freestanding building with 10,125 SF built in 2001 on a signalized corner; Absolute net lease: tenant responsible for property expenses, including real estate taxes, insurance, and building/mechanical maintenance; 1.01 AC usable land, zoned C4
