Listing Agency: CBRE | Indianapolis d***@cbre.com Show Phone

Listed By: Dean Almas Show Phone

Source: Cbre

Added: Nov 22, 2025 Changed: Aug 26 Last Checked: Aug 30 at 12:50PM

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Investment Insights

Based on property information with market context.

A retail property offering 5326 square feet of space is available for lease. The property is located on East Michigan Street in Indianapolis, Indiana.

Key Highlights

• Retail property for lease
• Located in Indianapolis, Indiana

Property Analytics

Property Profile

Current Use

Block 20 Apartments Apartment Complex

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Tanning Salon Nursing Home Adult Day Care Carpet & Flooring Store

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

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

5,226

Businesses Nearby

Explore this area Business Placement

Demographics for 46204, IN

9,086

Population

6,582

Households

1.4

Avg Household Size

31

Median Age

61%

College-Educated

90%

High-School Grad

1.1 sq mi

ZIP Area

8,260

Density / Sq Mi

$88,081

Median Household Income

$69,226

Median Earnings

$1,686

Median Rent

$350,400

Median Home Value

Market

Lease Benchmarks for Indianapolis, IN

$19.21 /SF/Yr

Avg Asking Price

$13–$27.5 /SF/Yr

Price Range

10,629 SF

Avg Space Size

Vacancy Rate% for Retail in Indianapolis, IN

6.6% 2019

7.4% 2020

6.4% 2021

5% 2022

4.7% 2023

4.6% 2024

4.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail properties & spaces located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail property - Retail property available for lease in Indianapolis, Indiana.

Where is this retail property located?

The property is located at 423 East Michigan Street Indianapolis, IN.

What are key features of this property?

This property features: Retail property for lease; Located in Indianapolis, Indiana