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Investment Highlights

  • Irreplaceable Corner Location with 60,267 VPD Traffic
  • 10,125 SF Vacant Property on a 1.03 Acres Lot
  • Dense residential infill location with 178,315 residents and 75,115 households within five miles, supporting sustainable demand

Executive Summary

This exceptional Subject Property presents a compelling investment opportunity at one of Indianapolis's most strategic retail locations. Positioned at the signalized hard corner of North Michigan Street and West 71st Street, the property benefits from exposure to approximately 60,500 vehicles per day. The 10,125-square-foot building sits on 1.02 acres in a densely populated infill location with over 178,315 residents within a five-mile radius.
The property's proximity to Interstate 465, which carries over 135,000 cars per day, provides exceptional accessibility and visibility. The property offers stability in a market characterized by strong demographics, including an average household income of $87,500 in the surrounding area. The location benefits from adjacency to major national retailers including Walmart Supercenter, Costco, Trader Joe's, Lowe's, and Sam's Club, creating a robust retail ecosystem that drives consistent traffic to the corridor.
Indianapolis continues to demonstrate strong economic fundamentals, with a diverse employment base anchored by healthcare, logistics, and technology sectors. The property's position in this growing market, combined with the Subject Property's strong corporate profile, creates an attractive risk-adjusted return profile for institutional and private investors seeking stable cash flow in the retail sector.

Property Facts

Sale Type
Owner User
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Drug Store
Building Size
10,125 SF
Building Class
B
Year Built
2001
Price
$4,016,233 CAD
Price Per SF
$396.67 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.03 AC
Zoning
ZO01 - Property is zoned C4 & C5 - existing Premises should anticipate C4 Drive-thru Variance is specific for drug store pharmacy - confirm with your use
Parking
60 Spaces (5.93 Spaces per 1,000 SF Leased)
Frontage
228’ on Michigan Rd

Amenities

  • Pylon Sign

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 10,125 SF
  • Retail
  • -
  • Now

Le propriétaire n'est pas intéressé à vendre la propriété, mais est disposé à envisager un bail foncier ou un projet clé en main (BTS). Loyer de base demandé : 18 $ par pied carré, plus les taxes foncières équivalant à 25 616,25 $ par année. Le bailleur est responsable de l'entretien de la propriété ainsi que de la maintenance intérieure des locaux.

  • 1st Floor
  • 10,125 SF
  • Retail
  • -
  • Now

This exceptional Subject Property presents a compelling investment opportunity at one of Indianapolis's most strategic retail locations. Positioned at the signalized hard corner of North Michigan Street and West 71st Street, the property benefits from exposure to approximately 60,500 vehicles per day. The 10,125-square-foot building sits on 1.02 acres in a densely populated infill location with over 178,315 residents within a five-mile radius. The property's proximity to Interstate 465, which carries over 135,000 cars per day, provides exceptional accessibility and visibility. The property offers stability in a market characterized by strong demographics, including an average household income of $87,500 in the surrounding area. The location benefits from adjacency to major national retailers including Walmart Supercenter, Costco, Trader Joe's, Lowe's, and Sam's Club, creating a robust retail ecosystem that drives consistent traffic to the corridor. Indianapolis continues to demonstrate strong economic fundamentals, with a diverse employment base anchored by healthcare, logistics, and technology sectors. The property's position in this growing market, combined with the Subject Property's strong corporate profile, creates an attractive risk-adjusted return profile for institutional and private investors seeking stable cash flow in the retail sector.

Space Size Space Use Position Available
1st Floor 10,125 SF Retail - Now
1st Floor 10,125 SF Retail - Now

1st Floor

Size
10,125 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size
10,125 SF
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 10,125 SF
Space Use Retail
Position -
Available Now

Le propriétaire n'est pas intéressé à vendre la propriété, mais est disposé à envisager un bail foncier ou un projet clé en main (BTS). Loyer de base demandé : 18 $ par pied carré, plus les taxes foncières équivalant à 25 616,25 $ par année. Le bailleur est responsable de l'entretien de la propriété ainsi que de la maintenance intérieure des locaux.

1st Floor

Size 10,125 SF
Space Use Retail
Position -
Available Now

This exceptional Subject Property presents a compelling investment opportunity at one of Indianapolis's most strategic retail locations. Positioned at the signalized hard corner of North Michigan Street and West 71st Street, the property benefits from exposure to approximately 60,500 vehicles per day. The 10,125-square-foot building sits on 1.02 acres in a densely populated infill location with over 178,315 residents within a five-mile radius. The property's proximity to Interstate 465, which carries over 135,000 cars per day, provides exceptional accessibility and visibility. The property offers stability in a market characterized by strong demographics, including an average household income of $87,500 in the surrounding area. The location benefits from adjacency to major national retailers including Walmart Supercenter, Costco, Trader Joe's, Lowe's, and Sam's Club, creating a robust retail ecosystem that drives consistent traffic to the corridor. Indianapolis continues to demonstrate strong economic fundamentals, with a diverse employment base anchored by healthcare, logistics, and technology sectors. The property's position in this growing market, combined with the Subject Property's strong corporate profile, creates an attractive risk-adjusted return profile for institutional and private investors seeking stable cash flow in the retail sector.

Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100

Nearby Major Retailers

Biggby Coffee
Rent-A-Center
PNC Bank

Property Taxes

Property Taxes

Parcel Number
49-03-29-127-012.000-600
Land Assessment
$392,671 CAD
Improvements Assessment
$981,402 CAD
Total Assessment
$1,374,073 CAD
  • Listing ID: 39389109

  • Date on Market: 2026-02-10

  • Last Updated:

  • Address: 7202 Michigan Rd, Indianapolis, IN 46268

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