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.
Michigan Road Shoppes | Value-Add
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
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.
