423 East Michigan St Indianapolis, IN 46204
For Lease
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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.
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Block 20 Apartments Apartment Building Apartment Rental Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.