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(SOLD) $67,000

2520 W Michigan Street Indianapolis, IN  46222

  • 8,342 sq. Ft

Property Description for 2520 W Michigan Street Indianapolis, IN 46222

Discover the incredible potential of this ideally located property on W Michigan Street, Indianapolis. While the existing structure is in poor condition and likely needs to be torn down, the site offers a blank canvas for visionary investors and developers. Boasting a blend of historic charm and modern amenities, the area offers a wealth of attractions for potential investors. Just minutes from downtown Indianapolis, investors can enjoy proximity to notable landmarks like the Indianapolis Zoo, Lucas Oil Stadium & Indiana Convention Center, Victory Field, IUPUI, the Indiana State Museum & Eiteljorg Museum, and the Indianapolis Motor Speedway. With a diverse array of dining options, beautiful parks, and a thriving arts and culture scene, the area provides a dynamic environment for businesses to thrive. Whether it's exploring the Canal Walk, White River State Park or catching a show at the Indiana Repertory Theatre, the location offers the perfect balance of work and leisure. Convenient access with less than 10 minutes to major interstates I-465 and I-70, and only 15 minutes to Indianapolis International Airport. Benefit from Indianapolis' ongoing economic expansion and increasing demand for new commercial and residential spaces. Leverage city development plans and infrastructure improvements to enhance your project's value. This property is a dream for developers looking for a project. Turn this site into a landmark development that meets the needs of the growing community.
QuickBuy option for home selling

Address:2520 W Michigan Street Indianapolis IN 46222
Status:Sold
Sold On: 9/30/2024
Price:$99,900
Bathrooms:0
Sq. Feet:8,342
Year Built:1880
Lot Size:0.14
County: Marion
Township: Wayne
MLS #:21979821
Property Type:Mixed Use

Lot Dimensions:6270
Road Frontage:City Street
Zoning:NON-RES-C3
Building Utilities:Water
Directions:GPS Friendly
Total Sq. Ft. :8,342

Loan Price
$685
Price And Interest $350/month
Property Tax $307/month
MTG INS $0/month
HOME INS $28/month
Price
$67,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$307/month
Home Owner Insurance
$336 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

Semi-Annual Property Tax:$1,839
Tax Year:2023
Mandatory HOA Fee:$

Area: 4909 - Marion - Wayne
City:Indianapolis
Zip Code:46222

Total Sq. Ft.:8,342
Cool:None
Heat:No Heating
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

Listing provided courtesy of Stephanie Henry with Premier Commercial Real Estate from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 05/14/2024 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

95
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 761 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.

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