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(SOLD) $105,000

4502 E Michigan Street Indianapolis, IN  46201

  • 1,370 sq. Ft

Property Description for 4502 E Michigan Street Indianapolis, IN 46201

Opportunity knocks at George's Automotive Repair, located at 4502 E Michigan Rd in the heart of Indianapolis. This long-standing and well-regarded automotive repair shop has been a staple in the local community for years, providing excellent service and earning a strong reputation among residents and businesses alike. The property features approximately 1370 sqft of functional space, including multiple service bays, high ceilings, and ample workspace, making it an ideal location for continued automotive repair services or expansion into specialized areas like restoration or custom work. Equipped with modern tools, lifts, and a spacious office area, the shop is ready to support a smooth transition for new ownership. Set on a highly visible stretch of East Michigan Rd, the property benefits from significant traffic flow and easy access to major thoroughfares, including Interstate 70 and Interstate 465. This central location allows for convenient customer access from all parts of Indianapolis, including downtown and surrounding neighborhoods such as Irvington, Little Flower, and Christian Park. The area is known for its bustling commercial activity and growing residential developments, ensuring a steady flow of business. The property includes a generous parking area, providing plenty of room for customers and vehicle storage. In addition to its prime location, George's Automotive Repair offers excellent signage opportunities, enhancing visibility to both local traffic and commuters. Whether you're an investor or a business owner looking to establish or grow your presence in the Indianapolis market, this property offers both character and utility in a rapidly evolving area. Don't miss the chance to own this established business location in a thriving commercial corridor.
QuickBuy option for home selling

Address:4502 E Michigan Street Indianapolis IN 46201
Status:Sold
Sold On: 9/27/2024
Price:$100,000
Bathrooms:0
Sq. Feet:1,370
Year Built:1933
Lot Size:0.23
County: Marion
Township: Center
MLS #:21997099
Property Type:Retail

Lot Dimensions:10000
Road Frontage:City Street
Road Surface:Asphalt
Zoning:D-5
Directions:From Emerson Ave go west on Michigan St. Property sits on NE corner of Linwood and Michigan.
Total Sq. Ft. :1,370

Loan Price
$730
Price And Interest $548/month
Property Tax $138/month
MTG INS $0/month
HOME INS $44/month
Price
$105,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$138/month
Home Owner Insurance
$528 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

Semi-Annual Property Tax:$827
Tax Year:2023
Mandatory HOA Fee:$

Area: 4912 - Marion - Center Ne
Zip Code:46201

Total Sq. Ft.:1,370
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 Glenn Bill with eXp Realty, LLC from MIBOR as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 08/19/2024 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 1554 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.