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Property profile

423 East Michigan St Indianapolis, IN 46204

FOR LEASE
Retail properties & Spaces
Property ID
US31-0456228
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Property summary

AI-generated overview

This exceptional mixed-use property, located at 423 E Michigan St in Indianapolis, Indiana, 46204, offers two available retail spaces ideal for a variety of businesses. The property is classified as a retail space with multifamily and mixed-use components, indicating a vibrant and diverse surrounding community. The available spaces boast generous square footage, ranging from 2,197 square feet to 3,126 square feet, providing ample room for expansion and customization to suit individual tenant needs. The multiple tenancy structure suggests a thriving environment with potential for synergistic partnerships. Situated in Indianapolis, this property benefits from excellent visibility and accessibility, making it an attractive option for businesses seeking high foot traffic and convenient access for customers. The precise latitude and longitude coordinates are 39.7737367, -86.1494846, allowing for easy location verification and mapping. This is a unique opportunity to secure a prominent retail presence in a dynamic Indianapolis neighborhood. The property's mixed-use nature offers a diverse customer base and potential for increased foot traffic. The size flexibility of the available spaces allows for adaptability to various business models and expansion plans. Serious inquiries are encouraged to explore this exciting opportunity further.

Property profile

Verified
Property type Retail properties & Spaces
UPID US31-0456228

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Apartment Complex Apartment Building

Location

423 East Michigan St Indianapolis, IN 46204
Indianapolis metro
Google Maps

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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