Financial
Distress signals
Property profile

2226 W Michigan St Indianapolis, IN 46222

FOR SALE
Retail space
Property ID
US31-0025394
5,646 SF 0.11 ac lot Built 1939
Last sale Dec 2018 · $110,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2023$143k
Assessed land$8k
Assessed improvement$135k

Value estimate

· Sep 2026
$235k
$212k – $259k
AI approach$235k
NOI build-up
Gross scheduled income$65k
Vacancy & credit loss−$12k
Operating expenses−$13k
NOI · 7.57% cap applied$40k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$75/SF
Submarket average, outlier-cleaned · 102 recorded sales of this use type
Observed band · Q1–Q3$33 – $119

Cap rate analysis

How does the asset earn?
7.57%
$40k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionMARION

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm16.7
Realty agency13.6
Nail Salon11.2

Location

2226 W Michigan St Indianapolis, IN 46222
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3040 16th, Indianapolis, IN 46222-2724 $55,000 Feb 2025 6,706 SF
401 Warman, Indianapolis, IN 46222-4048 $348,000 Jan 2023 4,918 SF
2108 Michigan, Indianapolis, IN 46222-3863 $50,000 Apr 2022 5,622 SF
3601 16th, Indianapolis, IN 46222-2501 $545,000 Nov 2020 6,720 SF
3015 Lafayette, Indianapolis, IN 46222-1301 $350,000 Sep 2020 5,080 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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