3-Unit Mixed-Use
For Sale
$520,000
2305 E Michigan Street, Indianapolis, IN 46201
Commercial Sale, Indianapolis, IN
Property SizeContact for details
Lot Size0.09 Acres
Days on Market237
Property Features for 2305 E Michigan Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
C5
View
City
Elementary school district
Indianapolis Public Schools
Middle school district
Indianapolis Public Schools
High school district
Indianapolis Public Schools
Directions
GPS Friendly
Subdivision
4910 - Marion - Center
Standard status
Active
APN
491006117042000101
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Picken & Loftins E Wash St Add Pt Lots 65 & 66 Beg Nw Cor L66 P.O.B. S45' E19' S3.90' E15.40' S12.98' E34.40' N61.88' W68.8'To Beg
Tax Annual Amount
2334
Legal Description
Picken & Loftins E Wash St Add Pt Lots 65 & 66 Beg Nw Cor L66 P.O.B. S45' E19' S3.90' E15.40' S12.98' E34.40' N61.88' W68.8'To Beg
Amenities
dedicated storage space
Listing Agency:
Highgarden Real Estate
(317) 205-4320
Listed By:
Gabriela Pitts · License #RB18000474
(317) 280-4663
Added: Feb 18
Changed: Oct 8
Last Checked: Oct 13 at 8:06AM
MLS# 22083393
Copyright © 2026 Broker Listing Cooperative®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3-unit mixed-use property has modern finishes and dedicated storage. Two units are generating rental income; the remaining unit is vacant. The property is situated on a 0.09-acre lot and is zoned C5.
Key Highlights
- Three‑unit mixed‑use property
- Two units currently generate rental income; one unit is vacant
- Dedicated storage space
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,056
Businesses Nearby
Explore this area
Business Placement
Demographics for 46201, IN
31,408
Population
17,145
Households
1.8
Avg Household Size
34
Median Age
26%
College-Educated
78%
High-School Grad
5.6 sq mi
ZIP Area
5,609
Density / Sq Mi
$43,183
Median Household Income
$36,951
Median Earnings
$929
Median Rent
$150,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two units produce rental income, while the third is vacant and available for a new tenant.
Where is this mixed-use property located?
The property is located at 2305 E Michigan Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Three‑unit mixed‑use property; Two units currently generate rental income; one unit is vacant; Dedicated storage space
