4-Unit Value-Add Commercial Property | Near Downtown Indy
Mixed Use | 6,022 SqFt
Marketing description
Located at 3423 & 3427 W Michigan St, this ±6,022 SF commercial property sits on ±0.26 acres across two parcelsand includes four total units, presenting a strong value-add investment opportunity for renovation and repositioning.
The property is not currently rent-ready and will require significant improvements, making it ideal for investors seeking a project-based commercial asset with future income potential.
Zoned C-3, the site supports a wide variety of commercial uses, offering flexibility for multi-tenant leasing, owner-user occupancy, or mixed-use repositioning strategies.
Located along W Michigan St with traffic counts of 11,156 AADT, the property benefits from strong visibility and proximity to downtown Indianapolis.
Following renovations and lease-up, the asset has the potential to become a cash-flowing multi-tenant commercial property.
Rezoning may be possible depending on buyer’s future project plans.
Offered as-is.
Investment highlights
- Four-unit commercial property with future income potential
- ±6,022 SF across two buildings
- ±0.26 acres (two parcels)
- Zoned C-3 with flexible commercial uses
- Value-add renovation opportunity
- Strong visibility on W Michigan St (11,156 AADT)
- Minutes from downtown Indianapolis
- Outside floodplain
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