Four-Unit Storefront
For Sale
$149,000
3427 W Michigan Street, Indianapolis, IN 46222
Commercial Sale, Indianapolis, IN
Property Size6,022 SF
Lot Size0.26 Acres
Price / SF$24.74
Days on Market169
Property Features for 3427 W Michigan Street
General Information
Property type
Residential
Property subtype
Retail
Zoning
C-3
Elementary school district
MSD Wayne Township
Middle school district
MSD Wayne Township
High school district
MSD Wayne Township
Directions
GPS Friendly
Subdivision
4909 - Marion - Wayne
Standard status
Active
APN
491105125050000901
Lot size
0.26 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Malvern Add 83.50Ft N End Of W 1/2 L21also 82.3 Ft N End L22
Legal Description
Malvern Add 83.50Ft N End Of W 1/2 L21also 82.3 Ft N End L22
Building Details
Year built
1900
Listing Agency:
Keller Williams Indy Metro S · Keller Williams Realty
(317) 882-5900
Listed By:
Jaskaran Jossan · License #RB21000870
(317) 599-2643
Added: Mar 31
Changed: Aug 28
Last Checked: Sep 15 at 6:06AM
MLS# 22092573
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 four-unit storefront property encompasses 6,022 SF across 0.26 acres and two parcels at 3423 and 3427 W Michigan St. Constructed in 1900, the asset requires significant improvements and is being offered in as-is condition. The existing configuration provides a foundation for renovation and future multi-tenant commercial occupancy, subject to applicable approvals.
The property fronts W Michigan St, which carries an AADT of 11,156, and is located minutes from downtown Indianapolis. C-3 zoning is in place, with the source information indicating that rezoning may be possible depending on the proposed project. The site is positioned for a buyer pursuing a substantial commercial renovation and repositioning effort.
The property fronts W Michigan St, which carries an AADT of 11,156, and is located minutes from downtown Indianapolis. C-3 zoning is in place, with the source information indicating that rezoning may be possible depending on the proposed project. The site is positioned for a buyer pursuing a substantial commercial renovation and repositioning effort.
Key Highlights
- Four total commercial units across two parcels
- 6,022 SF property on 0.26 acres
- C‑3 zoning
Property Analytics
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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
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Market
Vacancy Rate% for Retail in Indianapolis, IN
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Frequently Asked Questions
What type of property is this?
Storefront property - C-3 zoning and as-is condition define a renovation-focused commercial project.
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 total commercial units across two parcels; 6,022 SF property on 0.26 acres; C‑3 zoning
