7940 Michigan Rd Indianapolis, IN 46268-2393
Property profile & analytics
7940 Michigan Rd, Indianapolis, IN 46268-2393
- Strip malls
- 25,260 SF
- 3.38 lot acres
Property ID
US31-0679952
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- MoneyGram / Bank / Credit Union
- Anitas Beauty Salon / Hair Salon / Nail Salon
- Philip Art Studio / Tattoo & Piercing Shop
- Delicias Victoria 2 / Bakery / Take-out & Catering
- Jiallo's African Caribbean Cuisine / Restaurant
Property Details for 7940 Michigan Rd
- Year built
- 2001
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 3.38 lot acres
- Zone code
- ZO01
- Property type
- Strip malls
- Property subtype
- Shopping centers
- APN
- 49-03-20-121-002.000-600
- APU
- 490320121002000600
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jun 14, 2017 | — | Klc Realty LLC | — | Grant Deed · related | $2.1M · Citizens Bk |
| — | — | Klc Realty LLC | — | Deed Of Trust · related | $3.4M · Key Bank & Trust |
| — | — | Klc Realty LLC | — | Deed Of Trust · related | — |
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $440,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $616,000
Market price range: $323k - $651k -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $520,000 Current use
- AUTO REPAIR, GARAGE
- $820,000 Change: +58% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $705,000 Change: +36% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Indianapolis
- County
- Marion
- State
- Indiana
- Longitude
- -86.217
- Latitude
- 39.898
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$51,210
$602,300
$1,593,000
$2,195,300
-
$602,300
$1,593,000
$2,195,300
