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Shopping Strip

Michigan Road Shoppes | Value-Add

8752 Michigan Rd, Indianapolis, IN 46268

Listing Price: $10,975,000

Cap Rate
7.00%
Gross SF
114,968
Rentable SF
114,968
Price/Gross SF
$95.46
Lot Size
10.06 acres
Year Built
1976

Investment Overview

Marcus & Millichap is pleased to present for sale Michigan Road Shoppes located in Indianapolis, IN.

Investment Highlights

  • Multi-Tenant Retail Center | 114,968 Sq. Ft. | 60% Occupied
  • Price Per Sq. Ft. Less Than $100
  • Significant Value-Add Opportunity | +/-37,259 Sq. Ft. Available
  • New Tenants Include Harbor Freight and Crunch Fitness
  • Between Two (2) Signalized Intersections | Combined Traffic Counts of 62,726 VPD at W 86th Street Traffic Light
  • Multiple Points of Ingress/Egress | Large Parcel | 10.06 Acres | C-4 (Commercial) Zoning
  • Major Retail Corridor: Costco, Target, Kohl's, Walmart Supercenter, At Home, Staples, Chick Fil A, and More
  • Indianapolis, IN: State Capital, Growing Tech Hub, NFL and NBA City, Premier Distribution Hub

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Shopping Strip

Michigan Road Shoppes | Value-Add

Listing Price: $10,975,000

Cap Rate
7.00%
Gross SF
114,968
Rentable SF
114,968
Price/Gross SF
$95.46
Lot Size
10.06 acres
Year Built
1976

Investment Highlights

  • Multi-Tenant Retail Center | 114,968 Sq. Ft. | 60% Occupied
  • Price Per Sq. Ft. Less Than $100
  • Significant Value-Add Opportunity | +/-37,259 Sq. Ft. Available
  • New Tenants Include Harbor Freight and Crunch Fitness
  • Between Two (2) Signalized Intersections | Combined Traffic Counts of 62,726 VPD at W 86th Street Traffic Light
  • Multiple Points of Ingress/Egress | Large Parcel | 10.06 Acres | C-4 (Commercial) Zoning
  • Major Retail Corridor: Costco, Target, Kohl's, Walmart Supercenter, At Home, Staples, Chick Fil A, and More
  • Indianapolis, IN: State Capital, Growing Tech Hub, NFL and NBA City, Premier Distribution Hub

Investment Overview

Marcus & Millichap is pleased to present for sale Michigan Road Shoppes located in Indianapolis, IN.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

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