Property profile

146th St. And Michigan St Zionsville, IN 46077

OFF-MARKET
Neighborhood centers
240,000 SF
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Neighborhood centers
Total area 240,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

146th St. And Michigan St Zionsville, IN 46077
Zionsville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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