2551 North Michigan Road
2551 North Michigan Road
$1,795,650
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Description
(8) Buildings totaling (16) units. (8) Buildings totaling (16) units (14) two bedroom (1) one bedroom (1) three bedroom. Property visible from Interstate 74. Steps from MHP Major Hospital and Interstate 74. Minutes from Horseshoe Racing Casino and Shelbyville Municipal Airport. 16 minutes or 16 miles to Indianapolis straight shot on interstate 74. Minutes from RYOBi Die Casting, PK USA, Pilington North America, and other major employers. Multiple parcels see agent remarks. Drive by Only. Rents averaging...(8) Buildings totaling (16) units. (8) Buildings totaling (16) units (14) two bedroom (1) one bedroom (1) three bedroom. Property visible from Interstate 74. Steps from MHP Major Hospital and Interstate 74. Minutes from Horseshoe Racing Casino and Shelbyville Municipal Airport. 16 minutes or 16 miles to Indianapolis straight shot on interstate 74. Minutes from RYOBi Die Casting, PK USA, Pilington North America, and other major employers. Multiple parcels see agent remarks. Drive by Only. Rents averaging $788 compared to market rate of $920 for a 2 bedroom in Shelbyville. Upside Potential for new owner. If 112 East Locust Street can pull $920 average on a 2 bedroom. Possibility at this location is a no brainer.
- Listed by Hector David Orton • BAFO
Property Details for 2551 North Michigan Road
Architectural Style
Ranch
Subdivision NameSUBDIVISION NOT AVAILABLE See Legal
TownshipMarion
Location
LISTING UPDATED: 08/02/2022 11:25 AM
Property Details for 2551 North Michigan Road
Status | Active |
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MLS # | 21873420 |
Days on Market | 635 |
Taxes | $2,841 semi-annually |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Commercial Units - 5+ |
Year Built | 1984 |
Lot Size | 5.25 AC / 228,690 SF |
County | Shelby County |
Location
Building Information for 2551 North Michigan Road
Stories-Residences16Year Built1984Building Size-Lot Size5.25 AC / 228,690 SF
Payment Calculator
$10,273 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 2551 North Michigan Road
Property History for 2551 North Michigan Road
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 2551 North Michigan Road
This home is within Shelbyville Central Schools.
Rating | School | Type | Grades | Distance |
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Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
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Coulston Elementary School PublicK to 5 | ||
Shelbyville Middle School Public6 to 8 | ||
Shelbyville Sr 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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