# 3427 W Michigan Street, Indianapolis, IN 46222

> **TL;DR:** commercial, $149,000 ($25/sqft), built 1900, 6,022 sqft. Est. $646/mo. Listed 10 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $149,000 |
| Price/sqft | $25 |
| Square Feet | 6,022 |
| Year Built | 1900 |
| Lot Size | 11,326 sqft (0.26 acres) |
| Property Type | Commercial (Retail) |
| Status | For Sale |
| Days on Market | 10 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $646 |
| **Total** | **$646** |

## Property Highlights

- Built in 1900
- 0.26 acre lot

## Description

### Agent 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

- **Address:** 3427 W Michigan Street, Indianapolis, IN 46222
- **County:** Marion
- **Coordinates:** 39.773814, -86.217112
- **Google Maps:** https://www.google.com/maps?q=39.773814,-86.217112

## Listing Agent

- **Name:** Jaskaran Jossan
- **Brokerage:** Keller Williams Indy Metro S
- **Phone:** 3178825900
- **Email:** JayJossan@kw.com

## Primary Photo

![3427 W Michigan Street - Primary Photo](http://lh.rdcpix.com/ce9166005d8b341c63c0970d05de58cfl-f900849842r.jpg)

*5 total photos available on [listing page](https://www.propertysimple.com/listing/3427-w-michigan-street-indianapolis-in-46222-22092573)*

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**MLS#:** 22092573 | **Updated:** 2026-04-25
**Source:** listhub

*Copyright © 2026 MIBOR Service Corporation. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/3427-w-michigan-street-indianapolis-in-46222-22092573)

---

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