2520 West Michigan Street

Indianapolis, IN 46222

$99,900
Price
Beds
8,342 Sq. Ft.
$12 / Sq. Ft.
8,342
Sq. Ft.
$12
per Sq. Ft.

Description

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...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.
  1. Listed by Stephanie Henry • Premier Commercial Real Estate • shenry@premiercres.com

Property Details for 2520 West Michigan Street

Township
Wayne
Zoning
NON-RES-C3

Location

Listing Courtesy of Premier Commercial Real Estate
Add your commute
LISTING UPDATED: 05/19/2024 06:47 PM

Property Details for 2520 West Michigan Street

StatusActive
MLS #21979821
Days on Market17
Taxes$1,839 semi-annually
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1880
Lot Size0.14 AC / 6,098 SF
CountyMarion County

Location

Listing Courtesy of Premier Commercial Real Estate
Add your commute

Building Information for 2520 West Michigan Street

Stories2Residences1Year Built1880Lot Size0.14 AC / 6,098 SF

Payment Calculator

$852 per month

30 year fixed, 7.25% Interest

Principal and Interest

$545

Property Taxes

$307

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2520 West Michigan Street

Summary
Location and General Information
  • City: Indianapolis
  • County Or Parish: Marion
  • Directions: GPS Friendly
  • Postal Code: 46222
  • Postal Code Plus4: 3725
  • Road Frontage Type: City Street
  • State Or Province: IN
Taxes and HOA Information
  • Parcel Number: 491104190006000901
  • Semi Annual Property Tax Amt: 1839
  • Tax Year: 2023
  • TaxLot: 1-4,1-2
School Information
  • School District: Indianapolis Public Schools
Property
Lot Information
  • Acreage: <1/4 Acre
  • Current Use: Vacant
  • Lot Size Square Feet: 6270.0
  • Lot Size Acres: 0.14
  • New Construction: False
  • Stories: 2
  • Space Available: 6268
  • Sq Ft Total: 8342.0
  • Year Built Numeric: 1880
Property and Assessments
  • Affected by Disclosures: No
  • Legal Subdivision: Olleman's Subdivision Pt Lots 1, 2, 3, 4 & 5 B8,38' W End Lots 1, 2, 3, 4 & 5 B8
  • Photos Count: 3
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Transaction Type: Sale
Green Features
  • Green Certification: No
Utilities
  • Building Utilities: Water
  • Utilities: Electricity Connected
Interior and Exterior Features
Interior Features
  • Basement YN: No
  • Cooling: None
  • Heating: No Heating
  • Levels: Two
Multi Family
Multi-Family Information
  • Total Units: 1

Property History for 2520 West Michigan Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2520 West Michigan Street

Taxable ValueLand$13,800Additions$124,400Total$138,200
Tax Record2023$3,678 ($306 / month)
Home Facts
Total Finished SqFt8,342 SqFtAbove Grade Finished SqFt8,342 SqFtStories2Lot Size6,270 SqFtStyleMiscellaneous CommercialYear Built1880ZoningZO01CountyMARIONAPN49-11-04-190-006.000-901

Schools near 2520 West Michigan Street

This home is within Indianapolis Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Wendell Phillips School 63
PublicPK to 6

Arsenal Technical High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2520 West Michigan Street is a mixed use property for sale in Indianapolis, IN 46222. This property was listed for sale on May 15, 2024 by Premier Commercial Real Estate, it's currently listed at $99,900. This listing's school district is Indianapolis Public Schools. Nearby schools include Wendell Phillips School 63, George Washington Community High School (7-8) and George Washington Community High School (9-12). 2520 West Michigan Street is a 0-bed, 0-bath, 8,342 sqft mixed use property built in 1880.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Premier Commercial Real Estate

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.