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Versatile Office Building For Sale
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3535 E Michigan St, Indianapolis, IN 46201

Office building featuring classrooms, gated parking, and freight elevator.

Property Size9,000 SF
Days on Market171

Property Features for 3535 E Michigan St

General Information

Standard status Pending
Size 9,000 SF
Property subtype Office
Zoning C-1
Investment Type Owner/User

Building Details

Buildings 1
Stories 2
Listing Agency: Allies Commercial Realty
Listed By: Konnor Haehl · License #RB23000934
Source: Crexi
Added: Mar 3 Changed: Aug 8 Last Checked: Jul 24 at 10:05AM

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 Allies Commercial Realty

Investment Insights

Based on property information with market context.

This commercial property offers 9,000 square feet of space suitable for office use. The building features two private offices and five large classrooms. It includes a kitchenette, a vending machine area, and a printer room. The property is equipped with a freight elevator and three bathrooms. Access is facilitated by three stairwells and two backdoors that lead to the parking lot. There are three storage rooms available. The property provides gated parking with 50 parking spaces and a reception area.

Key Highlights

  • 50 Parking Spaces with gated parking
  • Two Private Offices
  • 5 Large Classrooms

Property Analytics

Current Use

Mechanical Skills Inc High School ATM Atm

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Accounting Firm (Bike/Boat/Book/etc) Store Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

217
Businesses Nearby

Demographics for 46201, IN

31,408
Population
17,145
Households
1.8
Avg Household Size
34
Median Age
26%
College-Educated
78%
High-School Grad
5.6 sq mi
ZIP Area
5,609
Density / Sq Mi
$43,183
Median Household Income
$36,951
Median Earnings
$929
Median Rent
$150,600
Median Home Value

Market

Vacancy Rate% for Office in Indianapolis, IN

17.4% 2019
17.8% 2020
19.1% 2021
19.3% 2022
22.2% 2023
22.8% 2024
21.4% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Office building featuring classrooms, gated parking, and freight elevator.
Where is this office building located?
The property is located at 3535 E Michigan St Indianapolis, IN.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 50 Parking Spaces with gated parking; Two Private Offices; 5 Large Classrooms
(317) 989-7445 Call to check price and availability
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