3427 W Michigan ST, Indianapolis, IN 46222
3427 W Michigan ST, Indianapolis, IN 46222
3427 W Michigan ST, Indianapolis, IN 46222
3427 W Michigan ST, Indianapolis, IN 46222
3427 W Michigan ST, Indianapolis, IN 46222
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Kegan Inman

Kegan Inman

Inman Realty Company LLC

+1(812) 798-0204
Listed by Jaskaran Jossan • Keller Williams Indy Metro S
$ 149,000
Est. payment | /mo

6,022 SqFt


Save
$ 149,000
Est. payment | /mo
Save

6,022 SqFt

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 6,022 sqft

Price per Sqft $24

MLS Listing ID 22092573

Year Built 1900

Tax Year 2024

Lot Size 0.260 Acres

Acres 0.26

Property Sub-Type Retail

Property Description

4-Unit Commercial Value-Add Opportunity Located at 3423 & 3427 W Michigan St, this 6,022 SF commercial property sits on 0.26 acres across two parcels and includes four total units, presenting a strong value-add investment opportunity for renovation and repositioning. The property will require significant improvements and is not currently rent-ready, making it well suited for investors seeking a project-based commercial asset with future income potential. Zoned C-3, the site supports a wide variety of commercial uses, offering flexibility for multi-tenant leasing, owner-user occupancy, or mixed-use repositioning strategies. Positioned along W Michigan St (AADT: 11,156) and located minutes from downtown Indianapolis, the property benefits from strong visibility and accessibility. Following renovations and lease-up, the asset has the potential to become a cash-flowing multi-tenant commercial property. Rezoning may be possible depending on the buyer's intended project scope. The property is being sold in as-is condition.

Location

State IN

County Marion

Zoning C-3

Interior

Fireplace N

Exterior

Utilities Available See Remarks

Building

New Construction false

Schools

School District Msd Wayne Township

MIBOR MLS

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3427 W Michigan ST

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Inman Realty Company LLC
Inman Realty Company LLC

+1(812) 847-1234 | contact@inmanrealty.com

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