123 Michigan St, Indianapolis, IN 46204
- Parking lots & garages
- 3,550 SF
- 0.08 lot acres
Current Use by Public Records
- 123 E Michigan St Parking / Parking Lot & Garage
Property Details for 123 Michigan St
- Year built
- 1980
- Lot size
- 0.08 lot acres
- Zone code
- ZO01
- Property type
- Parking lots & garages
- APN
- 49-11-01-137-004.000-101
- APU
- 491101137004000101
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 10, 2025 | — | Civic Cir Properties INC | Marion Assets 2020 Investments LLC | Deed | — |
| Jul 31, 2024 | — | Marion Asses 2020 Investments LLC | Marion Assets 2020 LLC | Quit Claim Deed · related | — |
| May 29, 2024 | $132,798 | Marion Assets 2020 LLC | Marion County Clerk | Public Action · related | — |
| May 28, 2009 | — | Arciterra Vermont Indianapolis | — | Deed Of Trust · related | $5.1M · Wachovia Bank NA |
| Jan 16, 2008 | — | Arciterra Vermont Indianapolis | — | Trustees Deed · related | $5.2M · Wachovia Bank NA |
| Aug 7, 2007 | — | Arciterra Vermont Indianapolis | Vermont Property LLC | Quit Claim Deed · related | — |
| Aug 4, 2004 | — | Vermont Property LLC | Freihofer,walter B | Warranty Deed | $700k · Stock Yards Bank |
| — | — | Arciterra Vermont Indianapolis | — | Deed Of Trust · related | $19.6M · Wells Fargo Bank |
Description
This exceptional 0.08-acre commercial land parcel, located at 123 E Michigan St in Indianapolis, Indiana (zip code 46204), presents a lucrative investment opportunity. Zoned CBD3, this property boasts 24 parking spaces and offers unparalleled flexibility. Currently without existing contracts, the site allows for immediate implementation of customized parking arrangements, catering to monthly rentals, short-term needs, or special event parking. The possibilities are vast, allowing for the creation of a highly profitable venture. Its prime downtown location provides exceptional accessibility to key Indianapolis attractions. Just three blocks from Mass Ave, Old National Centre, and The Rathskeller, and four blocks from Monument Circle, this property benefits from high foot and vehicle traffic. The asking price for this exceptional investment is $650,000. This is a rare chance to acquire a highly desirable, centrally located parking lot in a thriving urban environment. The property's potential for significant return on investment is undeniable.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Marion
- State
- Indiana
- Longitude
- -86.155
- Latitude
- 39.7738
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
