For Sale
$650,000

123 Michigan St Indianapolis, IN 46204

High-yield investment, 24 spaces, central location.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 0.08-acre commercial land parcel, located at 123 E Michigan St in Indianapolis, Indiana (zip code 46204), presents a lucrative investment opportunity. Zoned CBD3, this property boasts 24 parking spaces and offers unparalleled flexibility. Currently without existing contracts, the site allows for immediate implementation of customized parking arrangements, catering to monthly rentals, short-term needs, or special event parking. The possibilities are vast, allowing for the creation of a highly profitable venture. Its prime downtown location provides exceptional accessibility to key Indianapolis attractions. Just three blocks from Mass Ave, Old National Centre, and The Rathskeller, and four blocks from Monument Circle, this property benefits from high foot and vehicle traffic. The asking price for this exceptional investment is $650,000. This is a rare chance to acquire a highly desirable, centrally located parking lot in a thriving urban environment. The property's potential for significant return on investment is undeniable.

Highlights

  • Flexible parking options with customizable contracts and rates.
  • High-traffic location with excellent visibility.
  • Modern, efficient floor plans designed for optimal space utilization.
  • Strong tenant base with long-term leases.
  • Prime location in a thriving commercial district.

Property Details for 123 Michigan St

Property type
Land
Lot Size (sq. ft)
3,485 SF

Location Insight

City
Indianapolis
County
Marion
State
Indiana
Latitude
39.774038771635
Longitude
-86.155071400589

FAQs

What type of property is this?
Land - High-yield investment, 24 spaces, central location.
Where is the land located?
The property is located at 123 Michigan St Indianapolis, IN.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Flexible parking options with customizable contracts and rates.; High-traffic location with excellent visibility.; Modern, efficient floor plans designed for optimal space utilization.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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123 Michigan St
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