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Two-Level Office Building with Basement
For Sale
$260,000

5066 E Michigan Street, Indianapolis, IN 46201

C3-zoned property with a bathroom and stand-up shower on the upper level.

Property SizeContact for details
Days on Market49

Property Features for 5066 E Michigan Street

General Information

Standard status Active
Zoning non-residential-C3

Building Details

Buildings 1
Stories 2
Listing Agency: eXp Realty, LLC
Listed By: Mark Wesler · License #RB19000739
Source: Exprealty
Added: Jul 14 Changed: Aug 29 Last Checked: Aug 30 at 10:08PM

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 eXp Realty, LLC

Investment Insights

Based on property information with market context.

This C3-zoned commercial property includes two above-grade levels and a basement, with a bathroom and stand-up shower located upstairs. The building was previously operated as a bar and later used by a fencing company. Its configuration could support multi-tenant office space, subject to the buyer’s plans and applicable requirements.

Items currently inside the building are scheduled for removal before closing. Any buyer interested in retaining those contents may negotiate separately for them.

Key Highlights

  • Non‑residential C3 zoning
  • Two levels plus a basement
  • Upper‑level bathroom with stand‑up shower

Property Analytics

Current Use

Rutys Services Construction Company

Suggested Use

Top Pick Law Firm Building Supply Skin Care Clinic Parking Lot & Garage Big Box & Wholesale Store Computer & Electronic Repair

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

492
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Office units - C3-zoned property with a bathroom and stand-up shower on the upper level.
Where is this office units located?
The property is located at 5066 E Michigan Street Indianapolis, IN.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Non‑residential C3 zoning; Two levels plus a basement; Upper‑level bathroom with stand‑up shower
More about this property
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