4-Unit Storefront
For Sale
$149,000
3427 W Michigan Street, Indianapolis, IN 46222
Four-unit commercial building requiring significant improvements and offered in as-is condition.
Property Size6,022 SF
Lot Size0.26 Acres
Price / SF$24.74
Days on Market175
Property Features for 3427 W Michigan Street
General Information
Standard status
Active
Size
6,022 SF
Lot size
0.26 Acres
Property subtype
Retail
Zoning
C-3
Property Condition
Severity
Repairs Needed
Evidence
significant improvements
Additional Details
Traffic Count
11,156 vehicles/day
Amenities
3
Building Details
Year Built
1900
Listing Agency:
River to Ridge Rlty Associates
(845) 206-8756
Listed By:
Christopher Baker
(845) 206-8756
Source:
Xome
Added: Mar 8
Changed: Aug 29
Last Checked: Aug 29 at 2:02PM
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 River to Ridge Rlty Associates
Investment Insights
Based on property information with market context.
This 6,022-square-foot storefront property contains four commercial units across two parcels totaling 0.26 acres. Built in 1900, the asset requires significant improvements and is not currently rent-ready. The property is offered in as-is condition, providing a renovation-oriented commercial project rather than finished occupancy.
The site is located along W Michigan Street with reported average annual daily traffic of 11,156. C-3 zoning supports commercial use, while the existing four-unit configuration provides a basis for multi-tenant leasing or owner-user occupancy following improvements. The property is positioned minutes from downtown Indianapolis.
The site is located along W Michigan Street with reported average annual daily traffic of 11,156. C-3 zoning supports commercial use, while the existing four-unit configuration provides a basis for multi-tenant leasing or owner-user occupancy following improvements. The property is positioned minutes from downtown Indianapolis.
Key Highlights
- 6,022 SF commercial storefront property
- Four total commercial units across two parcels
- 0.26 acres combined site area
Property Analytics
Property Profile
Current Use
Lease Details
11,156 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
Under-served
Demand for This Use
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 Retail in Indianapolis, IN
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- AZALY Florist Decorations and More — 2606 W Washington St, Indianapolis, IN 46222
Frequently Asked Questions
What type of property is this?
Storefront property - Four-unit commercial building requiring significant improvements and offered in as-is condition.
Where is this storefront property located?
The property is located at 3427 W Michigan Street 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: 6,022 SF commercial storefront property; Four total commercial units across two parcels; 0.26 acres combined site area
