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Financial
Distress signals
Property profile

8760 Michigan Rd Indianapolis, IN 46268

OFF-MARKET
Strip malls
Property ID
US31-1115465
8,400 SF 0.89 ac lot Built 2007
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a 2,798-square-foot endcap retail suite configured as a former restaurant space and including FF&E. The unit features a patio and may be adapted with a possible pick-up window configuration. Signage and visibility are supported through access to a pylon sign. The suite is situated within a shopping center anchored by Costco and other major tenants, with access to a stoplight and additional full access points including Michigan Road, as well as further access points on 86th…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$20k
Tax billed · 2023
Assessed value$867k
Assessed land$288k
Assessed improvement$579k
Effective rate2.33%

Value estimate

· Oct 2026
$275k
$248k – $303k
AI approach$335k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
ZO01
JurisdictionMARION

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency14.5
Parking Facility12.5
Convenience Store12.3

Location

8760 Michigan Rd Indianapolis, IN 46268-1441
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog

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

Comparables

1 recorded sale · 15 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
8601 Michigan, Indianapolis, IN 46268-1122 $2,850,000 Aug 2020 10,224 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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