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Property profile & analytics
FOR LEASE
Commercial real estate

423 East Michigan St Indianapolis, IN 46204

Property ID
US31-0456228
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 Commercial real estate
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Block 20 Apartments Apartment Building Apartment Rental Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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