3427 W Michigan Street, Indianapolis, IN 46222

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List Price
$149,000
MLS#
22092573
Property Type
Commercial Sale
Sqft. of Residence
6,022
Year Built
1900
Days on Market
215
Status
ACTIVE

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.

Additional Information

Region
Wayne

Listing courtesy of Jaskaran Jossan. Keller Williams Indy Metro S

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Listings courtesy of MIBOR Broker Listing Cooperative as distributed by MLS GRID.


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