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    Property profile & analytics

    10725 Michigan Rd Zionsville, IN 46077-8496

    • Strip malls
    • 11,798 SF
    • 0.50 lot acres
    OFF-MARKET
    Value Estimation
    $6,185,000
    Last Sale
    Jan 20, 2022
    $5,461,194
    Location Intelligence
    Property ID
    US31-2895560
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Mathnasium / Tutoring Service / After School Program
    • Jersey Mike's Subs / Caterer / Sandwich Shop
    • Stretch Zone / Wellness Center
    • epic Nails & Spa / Nail Salon
    • Great Clips / Beauty Salon / Hair Salon

    Property Details for 10725 Michigan Rd

    Year built
    2015
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.50 lot acres
    Property size
    11,798 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    29-13-06-012-003.000-018
    APU
    291306012003000018

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $6,920,000

    • CAP approach

      CAP return
      Estimation
      6%
      $5,240,000
      6.5%
      $5,460,000
      7%
      $5,810,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,765,000
      Geo Method
      $5,860,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $6,180,000
      Retail
      $5,170,000
      Mixed-Use
      $5,170,000
      Hospitality
      $6,680,000
      Educational
      $6,460,000
      Residential Income
      $5,730,000
      Energy
      $6,015,000
      Income-Based Land
      $5,300,000
      Food Service
      $6,625,000

    Location Insight

    • Map
    • Local Demand
    City
    Zionsville
    County
    Hamilton
    State
    Indiana
    Longitude
    -86.2371
    Latitude
    39.9431
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $54,186
    $543,800
    $2,143,000
    $2,686,800
    -
    $543,800
    $2,143,000
    $2,686,800

    Comparable in this City

    • Value Estimation by Request
      23,630 SF

      1201 Oak St, Unit 1233

      SHOPPING CENTER, STRIP CENTER • 23,630 SF
      1201 Oak St, Zionsville, IN 46077-1262
      View Details
    • Value Estimation by Request
      7,004 SF

      620 Main St

      SHOPPING CENTER, STRIP CENTER • 7,004 SF
      620 Main St, Zionsville, IN 46077-1661
      View Details
    • Value Estimation by Request
      12,180 SF

      6842 Whitestown Pkwy, Unit 6860

      SHOPPING CENTER, STRIP CENTER • 12,180 SF
      6842 Whitestown Pkwy, Zionsville, IN 46077-7624
      View Details
    • Value Estimation by Request
      52,666 SF

      1200 Oak St

      SHOPPING CENTER, STRIP CENTER • 52,666 SF
      1200 Oak St, Zionsville, IN 46077
      View Details
    • Value Estimation by Request
      13,248 SF

      1562 Oak St

      SHOPPING CENTER, STRIP CENTER • 13,248 SF
      1562 Oak St, Zionsville, IN 46077-1839
      View Details
    • Value Estimation
      $3,215,000
      11,197 SF

      10615 Zionsville Rd

      SHOPPING CENTER, STRIP CENTER • 11,197 SF
      10615 Zionsville Rd, Zionsville, IN 46077-9478
      View Details

    Similar Nearby for Sale

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      219,408 SF

      Carmel/Zionsville Office Building Opportunity

      219,408 SF office building on 22.1 acres.
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    Similar Nearby for Lease

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      240,000 SF

      Zionsville Retail Center Opportunity

      Prime Zionsville retail space available.
      146th St. And Michigan St, Zionsville, IN 46077
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      19,159 SF

      Zionsville Retail Center - Main Street

      Prime Zionsville retail space, 3,200-11,166 SF available.
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      4,050 SF

      Zionsville Retail and Office Space

      Retail, office, and medical space available in Zionsville, Indiana.
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      3,200 SF

      Retail and Office Space Available

      Retail and office spaces for lease in Zionsville, Indiana.
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      Zionsville Retail, Office, Medical Space

      Retail, office, and medical space available in Zionsville, Indiana.
      146th St. And Michigan St, Zionsville, IN 46077
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Retail and office spaces for lease in Zionsville, Indiana.
      106th St & Main St, Zionsville, IN 46077
      View Details

    Property Visit Statistics

    • Visits by month
      5.4k
    • Visitors by month
      4.7k
    • Avg Time on site
      20 min
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    10725 Michigan Rd
    Zionsville, IN 46077-8496
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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