Four-Unit Retail
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 Market214
Property Features for 3427 W Michigan Street
General Information
Property type
Commercial Sale
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
Listed By:
Jaskaran Jossan · License #RB21000870
(317) 882-5900
Added: Mar 31
Changed: Oct 8
Last Checked: Oct 30 at 12:06PM
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.
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Investment Insights
Based on property information with market context.
This retail property contains four units within 6,022 square feet, situated across two parcels totaling 0.26 acres. The building requires significant renovation before it can be occupied by tenants and is being sold in its current condition. C-3 zoning allows a broad range of commercial uses.
The property fronts W Michigan St, where the stated AADT is 11,156, and is minutes from downtown Indianapolis.
The property fronts W Michigan St, where the stated AADT is 11,156, and is minutes from downtown Indianapolis.
Key Highlights
- Four commercial units totaling 6,022 square feet
- Two parcels spanning 0.26 acres
- C‑3 zoning
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Indianapolis, IN
Frequently Asked Questions
What type of property is this?
Retail space - C-3 zoning accommodates a range of commercial uses across four units on two parcels.
Where is this retail space 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 totaling 6,022 square feet; Two parcels spanning 0.26 acres; C‑3 zoning
