Four-Unit Storefront
For Sale
$149,000
3427 W Michigan Street, Indianapolis, IN 46222
The two-parcel site carries C-3 zoning and requires substantial improvements before occupancy.
Property Size6,022 SF
Lot Size0.26 Acres
Price / SF$24.74
Days on Market207
Property Features for 3427 W Michigan Street
General Information
Standard status
Active
Size
6,022 SF
Lot size
0.26 Acres
Property subtype
Commercial
Zoning
C-3
Site & Location
Neighborhood
Near Westside
Traffic Count
11,156 vehicles/day
Building Details
Building Size
6,022 SF
Year Built
1900
Listing Agency:
Batts Real Estate Group
Listed By:
Lisa Batts
(765) 894-0575
Source:
Battsrealestategroup
Added: Mar 31
Changed: Oct 22
Last Checked: Oct 22 at 2:30PM
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 Batts Real Estate Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Indianapolis commercial property contains four units across 6,022 square feet on 0.26 acres divided between two parcels. Built in 1900, the building requires significant work and is not ready for occupancy. The sale is on an as-is basis.
The property fronts W Michigan Street, which carries an AADT of 11,156, and is described as minutes from downtown Indianapolis. C-3 zoning applies; rezoning may be possible depending on the proposed project.
The property fronts W Michigan Street, which carries an AADT of 11,156, and is described as minutes from downtown Indianapolis. C-3 zoning applies; rezoning may be possible depending on the proposed project.
Key Highlights
- Four commercial units in 6,022 square feet
- 0.26 acres across two parcels
- C‑3 zoning; rezoning may be possible depending on project scope
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Indianapolis, IN
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 - The two-parcel site carries C-3 zoning and requires substantial improvements before occupancy.
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: Four commercial units in 6,022 square feet; 0.26 acres across two parcels; C‑3 zoning; rezoning may be possible depending on project scope
