3427 W Michigan Street Indianapolis, IN 46222
Retail
MLS #: 22092573
Courtesy Of Keller Williams Indy South
Property InformationDescription
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.
Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Legal Description: Malvern Add 83.50Ft N End Of W 1/2 L21also 82.3 Ft N End L22
- MLSID: 22092573
MAP & DIRECTIONS
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