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About This Home
This 0-bedroom, 0-bathroom commercial at 3427 W Michigan Street in Indianapolis, IN is listed for $149,000 ($25 per sqft). Built in 1900, the home offers 6,022 sqft of living space on a 0.26 acres lot.
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.
Key Features
- Built in 1900
- 0.26 acre lot
Property Details
Monthly Cost Estimate
$797/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
3427 W Michigan Street
Indianapolis, IN 46222
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 3427 W Michigan Street is listed at $149,000 ($25/sqft). The estimated monthly payment is $646 based on 20% down at 6.5% interest.
Key features include: Built in 1900, 0.26 acre lot.
This property is listed by Jaskaran Jossan and can be reached at 3178825900 or JayJossan@kw.com.