Auto
8580 Michigan Rd, Indianapolis, IN 46268
For Sale
New
Contact for pricing
The property has a lease with two renewal options and scheduled rent increases.
Property Size2,000 SF
Price / SF$1,000
Days on Market6
Property Features for 8580 Michigan Rd
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Tenant in Place
Listing Agency:
NAI SunVista - Albuquerque
(505) 878-0001
Listed By:
Todd W Strickland · License #47267
(505) 450-1121
Source:
Moodyscre
Added: Nov 4
Changed: Nov 7
Last Checked: Nov 8 at 8:40AM
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 NAI SunVista - Albuquerque
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Investment Insights
Based on property information with market context.
This 2,000-square-foot auto shop is located at 8580 Michigan Rd in Indianapolis. The current lease includes two five-year options and rent increases of 10% every five years, with the next increase scheduled for October 2027.
Reported traffic counts are 27,600 CPD on Michigan Rd and 36,400 CPD on W. 86th St.
Reported traffic counts are 27,600 CPD on Michigan Rd and 36,400 CPD on W. 86th St.
Key Highlights
- 2,000‑square‑foot auto shop
- Two five‑year lease options
- 10% rent increases every five years; next increase scheduled for October 2027
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,407
Businesses Nearby
2k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 100%
Comfort Inn & Suites North at the Pyramids
Hotels & Casinos
1,386 visits/mo
0.5 miles
Extended Stay America - Indianapolis - Northwest - College Parks
Hotels & Casinos
586 visits/mo
0.4 miles
Demographics for 46268, IN
26,353
Population
11,904
Households
2.2
Avg Household Size
38
Median Age
40%
College-Educated
91%
High-School Grad
12.7 sq mi
ZIP Area
2,075
Density / Sq Mi
$63,322
Median Household Income
$41,596
Median Earnings
$1,171
Median Rent
$208,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Auto shops in Indianapolis
Vacancy Rate% for Retail in Indianapolis, IN
Similar Off Market Nearby
- Transmission Repair Carmel — 8516 N Michigan Rd, Indianapolis, IN 46268
- Mastercare Car Service — Indianapolis, IN 46268
- AAMCO Transmissions & Total Car Care — 8516 N Michigan Rd, Indianapolis, IN 46268
- Firestone Complete Auto Care — 8583 Michigan Rd, Indianapolis, IN 46268
- Midas — 8530 Michigan Rd, Indianapolis, IN 46268
Frequently Asked Questions
What type of property is this?
Auto shop - The property has a lease with two renewal options and scheduled rent increases.
Where is this auto shop located?
The property is located at 8580 Michigan Rd Indianapolis, IN.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 2,000‑square‑foot auto shop; Two five‑year lease options; 10% rent increases every five years; next increase scheduled for October 2027
