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$475,000

2130 E Michigan Street Indianapolis, IN  46201

  • 0.62 Acres

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Property Description for 2130 E Michigan Street Indianapolis, IN 46201

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 space, 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.
QuickBuy option for home selling

Address:2130 E Michigan Street Indianapolis IN 46201
Status:Active
on site: 10 days
Price:$475,000
Bathrooms:0
Lot Size:0.62
County: Marion
Township: Center
MLS #:22007748
Property Type:Commercial Land

Lot Dimensions:27007
Road Frontage:City Street
Road Access:Frontage Road, Street Cuts
Road Surface:Asphalt
Zoning:C3
Directions:GPS Friendly

Loan Price
$2,772
Price And Interest $2,478/month
Property Tax $96/month
MTG INS $0/month
HOME INS $198/month
Price
$475,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$96/month
Home Owner Insurance
$2,376 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

Semi-Annual Property Tax:$577
Tax Year:2023
Mandatory HOA Fee:$

Area: 4912 - Marion - Center Ne
Subdivision: J H Ruddells Glenwood
Zip Code:46201

Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

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Listing provided courtesy of Jay Pearl with Elevate 317 Realty LLC from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 10/20/2024 12:00 AM. 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.





Indianapolis Market Report

81
Avg. DOM

The house prices in Indianapolis are indeed dropping at the moment. There has been a decrease in price of $20,825.47. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Indianapolis are going Down. The average house price is $269,000.00 and the average price per square feet is $156.25 per square feet. At the moment, the amount of homes listed is exactly 13891 houses, with 2412 with active status, 1216 with pending status and 10263 sold in Indianapolis .

The most popular place to buy a home in Indianapolis is 4903 - Marion - Washington. 4903 - Marion - Washington is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Indianapolis .

The average amount of property taxes you would have to pay for a home in Indianapolis is $3,194.02. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Indianapolis are staying listed for an average of 68 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Indianapolis was 1522 minutes ago.

At the moment we have 105 open houses that you can visit.

The cost of the most expensive home in Indianapolis is $7,750,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Indianapolis is $45,900.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Indianapolis in year 1827 and the newest built house is in year 2025.

The average size of properties in Indianapolis is 2112.74 sq.ft. , the biggest one being 13549 sq.ft. and the smaller being 252 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.