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Multi-Building Office Complex
For Sale
Contact for pricing
Pending

7770 Michigan Rd, Indianapolis, IN 46268

Established neighborhood office property with billboard income and additional land across multiple parcels.

Property SizeContact for details
Days on Market145

Property Features for 7770 Michigan Rd

General Information

Standard status Pending
Property subtype Land, Mixed Use, Office

Building Details

Buildings 2
Tenancy Multi
Listing Agency: Resolute Realty LLC
Listed By: Ryan Cadwell, CCIM, CPM · License #IN
Source: Crexi
Added: Apr 11 Changed: Sep 1 Last Checked: Sep 1 at 8:37AM

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 Resolute Realty LLC

Investment Insights

Based on property information with market context.

The property is a neighborhood office complex at 7770 and 7780 N Michigan Road in Indianapolis. It has served the surrounding sub-market since the 1970s and includes multiple parcels totaling more than 8 acres. Existing income sources include two billboards and an annual lease covering a portion of the parking area to a neighboring property.

Tenant tenure is a notable operating characteristic, with many occupants having remained in the complex for more than 10 years and some for more than 30 years. The combined acreage also provides land associated with the office property for consideration of additional building space, subject to applicable approvals and site requirements.

Key Highlights

  • Office complex at 7770 and 7780 N Michigan Road in Indianapolis
  • Multiple parcels totaling more than 8 acres
  • Additional income from two billboards

Property Analytics

Current Use

Campbell Chiropractic Clinic Alternative Medicine Practice Bruce F. Campbell, ... Alternative Medicine Practice Anneli Styles Professional ... (Bike/Boat/Book/etc) Store Eagles Crest Christian ... Church

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Big Box & Wholesale Store Pharmacy HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

336
Businesses Nearby

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

Market

Vacancy Rate% for Office in Indianapolis, IN

17.4% 2019
17.8% 2020
19.1% 2021
19.3% 2022
22.2% 2023
22.8% 2024
21.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Established neighborhood office property with billboard income and additional land across multiple parcels.
Where is this office building located?
The property is located at 7770 Michigan Rd Indianapolis, IN.
What are key features of this property?
This property features: Office complex at 7770 and 7780 N Michigan Road in Indianapolis; Multiple parcels totaling more than 8 acres; Additional income from two billboards
More about this property
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