146th St. And Michigan St, Zionsville, IN 46077
This exceptional retail investment opportunity in Zionsville, Indiana, presents 240,000 square feet of commercial space situated on a substantial 54-acre lot in Boone County. The property, located at the high-traffic intersection of 146th Street and Michigan Street (US 421), offers multiple tenancy options with spaces ranging from 1,681 to 4,508 contiguous square feet. Currently, 20,221 square feet are vacant, providing immediate opportunities for expansion or new tenants. The property is part of a fully-zoned development designed to serve the affluent northwest Indianapolis area, offering a mix of retail, dining, and medical services. This strategic location benefits from its proximity to major thoroughfares, including the soon-to-be-completed expansion of 146th Street, which will significantly enhance connectivity to Ronald Reagan Parkway and I-69. The property's zoning allows for a variety of commercial uses, making it an ideal investment for both established businesses and new ventures seeking a high-visibility location in a thriving community. The zip code is 46077. This is a rare opportunity to acquire a significant retail presence in a rapidly growing area. The minimum divisible space is 1,681 square feet.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.