Four-Unit Mixed-Use
For Sale
Contact for pricing
3423 W Michigan St, Indianapolis, IN 46222
C-3-zoned property across two parcels, offered as-is for renovation and repositioning.
Property Size6,022 SF
Lot Size0.26 Acres
Price / SF$24.74
Days on Market153
Property Features for 3423 W Michigan St
General Information
Standard status
Active
Size
6,022 SF
Class
D
Lot size
0.26 Acres
Property subtype
Mixed Use, Office, Retail
Zoning
C-3
Investment Type
Value Add
Property Condition
Severity
Repairs Needed
Evidence
will require significant improvements
Additional Details
Traffic Count
11,156 vehicles/day
Office Units
4
Building Details
Year Built
1900
Buildings
2
Listing Agency:
Keller Williams Indy Metro South
Listed By:
Jay Jossan · License #RB21000870
Source:
Crexi
Added: Mar 31
Changed: Aug 30
Last Checked: Aug 30 at 6:46AM
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 Keller Williams Indy Metro South
Investment Insights
Based on property information with market context.
Located at 3423 W Michigan St and 3427 W Michigan St, the property comprises approximately 6,022 square feet across two parcels totaling about 0.26 acres. Four units are included, but the asset is not currently rent-ready and requires significant improvements. The building dates to 1900 and is being offered as-is.
C-3 zoning provides a commercial-use framework for future planning. The site fronts W Michigan St, records 11,156 AADT, and is near downtown Indianapolis. Its configuration can accommodate consideration of multi-tenant leasing, owner-user occupancy, or a mixed-use repositioning plan, subject to the buyer’s intended scope and applicable approvals.
C-3 zoning provides a commercial-use framework for future planning. The site fronts W Michigan St, records 11,156 AADT, and is near downtown Indianapolis. Its configuration can accommodate consideration of multi-tenant leasing, owner-user occupancy, or a mixed-use repositioning plan, subject to the buyer’s intended scope and applicable approvals.
Key Highlights
- Approximately 6,022 SF across two parcels
- Four total units in a mixed‑use commercial property
- Approximately 0.26 acres of land
Property Analytics
Current Use
Lease Details
4
Office units
11,156 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
Explore this area
Business Placement
Demographics for 46222, IN
37,185
Population
15,782
Households
2.4
Avg Household Size
31
Median Age
17%
College-Educated
78%
High-School Grad
11.0 sq mi
ZIP Area
3,380
Density / Sq Mi
$45,198
Median Household Income
$30,548
Median Earnings
$1,050
Median Rent
$104,300
Median Home Value
Market
Vacancy Rate% for Office in Indianapolis, IN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - C-3-zoned property across two parcels, offered as-is for renovation and repositioning.
Where is this mixed-use property located?
The property is located at 3423 W Michigan St Indianapolis, IN.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: Approximately 6,022 SF across two parcels; Four total units in a mixed‑use commercial property; Approximately 0.26 acres of land
