7480 Michigan Rd - Freestanding FOR SALE


Indianapolis, IN 46268- Augusta
$899,000 USD
317-799-9847
7480 Michigan Rd, Indianapolis, IN for Sale
$899,000 USD
Freestanding - FOR SALE
1/12
null | 10.58% Cap Rate

7480 Michigan Rd
Indianapolis, IN 46268
Augusta


HIGHLIGHTS

  • Dense population.
  • High Visibility from major street traffic.
  • Surrounded by established residential neighborhoods including New Augusta, Greenbriar, and Wynndale/Spring Hill

OVERVIEW

Property Overview: An exceptional opportunity to own a free-standing, multi-tenant retail center located at the high-traffic intersection of West 75th Street and Michigan Road. Situated on 0.80 acres, this highly visible asset offers a pylon sign, direct frontage along both Michigan Road and W 75th Street, and excellent accessibility to key Indianapolis corridors. This property is strategically positioned just 38 minutes from Indianapolis International Airport and is easily accessible from major highways, including only 3.6 miles to I-65, providing seamless access to downtown Indianapolis and surrounding suburbs. Property Highlights: Building Size: 5,600 SF Lot Size: 0.80 Acres Zoning: C-3 (Commercial) Parking: 15 spaces on-site Units: 3 suites (currently configured for retail/service use) Visibility: Excellent — Michigan Road and W 75th Street Frontage Signage: Pylon Signage Available Condition: Good Current Use: Beauty Salon, Alterations, and Wellness Services Market: Indianapolis Metro Strategic Location: Prime corridor with strong daily traffic counts Surrounded by established residential neighborhoods including New Augusta, Greenbriar, and Wynndale/Spring Hill Proximity to key commercial hubs, schools, and thriving retail centers Well-connected to downtown Indianapolis and broader suburban markets Investment Potential: Whether you are an owner-occupant looking for high-visibility space or an investor seeking stable rental income, this property presents significant upside. With its flexible C-3 zoning, it can accommodate a variety of retail, service, office, or mixed-use concepts. Strong demographics, excellent accessibility, and built-in customer traffic make this a must-see opportunity. Contact Leasing & Sales: 317-372-3491 leasing@sojoscapital.com

FOR SALE DETAILS

PRICE

$899,000 USD

PRICE/SF

$116 USD /SF

CAP RATE

10.58%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

CROSS STREETS

W 75th St

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

C-3

APN/PARCEL ID

49-03-29-114-018.000-600

ASK ABOUT THIS PROPERTY

Seanne SpangenburgSojos CapitalMore Info
317-799-9847

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Seanne SpangenburgSojos CapitalMore Info
317-799-9847

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.