Listing Agency: Marcus & Millichap - Raleigh j***@marcusmillichap.com Show Phone

Listed By: Andrew Margulies · License #IL 475.147606

Source: Crexi

Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 8:29PM

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Investment Insights

Based on property information with market context.

This retail space at 8752 Michigan Rd in Indianapolis, Indiana encompasses 114,968 SF. The property is identified as a retail asset and carries a documented 7.00% CAP.

Its location is 8752 Michigan Rd, Indianapolis, IN 46268. The available information establishes the property’s retail classification, building size, and capitalization rate.

Key Highlights

• 114,968 SF of retail space
• 7.00% CAP
• Located at 8752 Michigan Rd, Indianapolis, IN 46268

Property Analytics

Property Profile

Current Use

KeyExpress Locksmiths Locksmith Harbor Freight Tools Building Supply JCPenney Portraits Photography Service JCPenney Furniture & Home Goods

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Parking Lot & Garage Grocery & Convenience Store (Bike/Boat/Book/etc) Store Electrical Service

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

1,419

Businesses Nearby

53k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 96% Hotels & Casinos 4%

Texas Roadhouse Dining

26,792 visits/mo 0.4 miles

Starbucks Dining

12,411 visits/mo 0.5 miles

Panera Bread Dining

12,220 visits/mo 0.4 miles

Comfort Inn & Suites North at the Pyramids Hotels & Casinos

1,386 visits/mo 0.3 miles

Extended Stay America - Indianapolis - Northwest - College Parks Hotels & Casinos

586 visits/mo 0.2 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

Market

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

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What type of property is this? Where is this retail space located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Retail space - Substantial retail premises with a large commercial footprint and documented capitalization rate.

Where is this retail space located?

The property is located at 8752 Michigan Rd Indianapolis, IN.

What are key features of this property?

This property features: 114,968 SF of retail space; 7.00% CAP; Located at 8752 Michigan Rd, Indianapolis, IN 46268