3427 Michigan

Indianapolis, IN

$149,000

3427 Michigan, Indianapolis, IN 46222

Indianapolis, IN 46222

MLS# MBR22092573

Listed 3 days ago

0 Beds
0 Baths

About this home

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.

Property Details

Type
Commercial
Year Built
1900
Lot Size
0.26 acres
Listed
3 days ago
County
Marion
Listing Office
Keller Williams Indy Metro S
Listing Agent
Jaskaran Jossan

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$753/mo

Principal & interest
$753
Loan amount
$119,200

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Listed by Keller Williams Indy Metro S with Jaskaran Jossan. Contact JayJossan@kw.com.

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Indiana Regional MLSMIBOR Broker Listing Cooperative

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IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed accurate by the Broker Listing Cooperative® listing service.

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

IDX information is provided exclusively for consumers' personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant's applicable MLS if any and as amended from time to time.

Based on information submitted to the Broker Listing Cooperative listing service as of September 21, 2026 at 2:02 PM EDT. All data is obtained from various sources and may not have been verified by broker or Broker Listing Cooperative listing service. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Based on information submitted to the MLS GRID as of September 21, 2026 at 2:02 PM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.