2130 E Michigan Street
Indianapolis, IN 46201
- – beds
- – baths
- – sqft
- ~1/2 acre lot
Prime commercial lot located on the Near-Eastside of downtown Indianapolis. At just over 1/2 acre, this expansive lot is zoned C3 which allows for a variety of uses, including neighborhood shopping centers, retail stores, and personal and professional services. A prominent corner lot, perfectly situated on a well-trafficked thoroughfare in the heart of St. Clair Place neighborhood. Located minutes to Mass Ave and downtown Indy. Benefit from high exposure to both pedestrian and vehicular traffic, ensuring maximum visibility for your retail venture. Versatile zoning, the C3 zoning classification allows for a wide range of retail uses, including but not limited to restaurants, service businesses, and specialty shops. With over 1/2 acre at your disposal, you have plenty of room to design your dream retail space, complete with parking and outdoor areas. Easily accessible from major roads and highways, the property offers excellent connectivity for customers and suppliers alike. Located near established neighborhoods, schools, and other commercial establishments, this property attracts a diverse clientele and ensures a steady flow of customers. This is a rare opportunity to invest in a prime piece of commercial real estate in a growing area. With the potential for significant return on investment, this property is perfect for both seasoned investors and new entrepreneurs looking to establish their brand. The current owner has secured approved plans for a large beer garden and entertainment venue, providing an exciting opportunity to create a vibrant social hub. Imagine hosting live music events, craft beer tastings, and community gatherings in a beautifully designed outdoor area that will attract patrons year-round (renderings and design plans available upon request.) Additional proposed uses could include a mid-rise apartment/condo/retail development, townhouse development, or subdivide to single family buildable lots.
Last checked:
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Last updated Nov 18, 2024
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MLS# 22007748 —
The Building
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New Construction:false
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Development Status:Surveyed
Location
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Directions:GPS Friendly
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Latitude:39.774649
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Longitude:-86.124429
The Property
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View:true
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Property Type:Land
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Property Subtype:Commercial Land
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Parcel Number:491006135108000101
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Acres:1/2-1 Acre
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Lot Size Acres:0.62
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Lot Size SqFt:27,007 Sqft
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Price Per Acre:562903
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Type:Single Lot,Undeveloped
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Divisible:Yes
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Zoning:C3
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Present Zoning:Not Applicable
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Topography:Cleared
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Land Characteristics:City,Corner
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Additional Parcels:false
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Horse Amenities:None
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Soil Type:Gravely
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Road Access:Frontage Road,Street Cuts
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Road Frontage Type:City Street
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Road Surface Type:Asphalt
Listing Agent
- Contact info:
- Agent phone:
- (317) 502-6385
- Office phone:
- (317) 502-6385
Taxes
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Tax Lot:9,10,11,12,7
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Tax Year:2023
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Semi Annual Property Tax Amt:577
Utilities
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Water:Municipal Water Near By
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Sewer:Municipal Sewer Near
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Solid Waste:Yes
Schools
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High School District:Indianapolis Public Schools
The Community
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Subdivision Name:J H Ruddells Glenwood
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Facilities On:None
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Facilities Near:Cable,Electric,Gas,Telephone,Water & Sewer
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Public Transportation:Yes
Extra Units
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Other Structures:Not Applicable
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/18/24
Nov 18, 2024
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Price Changed | MIBOR | $349,000 | -12.5% |
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11/4/24
Nov 4, 2024
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Price Changed | MIBOR | $399,000 | -16.0% |
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10/21/24
Oct 21, 2024
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Listed / Active | MIBOR | $475,000 |
