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    OFF-MARKET
    Neighborhood centers

    146th St. And Michigan St, Zionsville, IN 46077

    240,000 SF
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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