8840 Michigan Rd | Indianapolis, IN 46268
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- LoopNet Team
8840 Michigan Rd
Indianapolis, IN 46268
Pad Shops fronting Costco / 100% NNN Leased · Retail Property For Sale
Investment Highlights
- 100% Leased Strip Center
- High Cash-On-Cash Return Investment (6.82%) With New Financing Available
- Close Proximity to Costco, Walmart, Hotels, Restaurants, Business Centers & Banks
- Pad Shops Fronting Costco & Embassy Suites
- Located on Major Retail Thoroughfare Fronting Michigan Road (±44,000 VPD) & I-465 (±125,541 VPD)
- Strong Trade Area Demographics / Over $115,000 AHHI, Over 146,000 People & Over 131,000 Workplace Employees within 5 Miles
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
22,968 SF
Building Class
B
Year Built
2003
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
2.52 AC
Zoning
C-4 - Community-Regional Commercial
Parking
120 Spaces (5.22 Spaces per 1,000 SF Leased)
Frontage
254 FT on Signature Dr
Amenities
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 49-03-18-107-002.000-600 | Improvements Assessment | $1,416,700 |
| Land Assessment | $1,084,600 | Total Assessment | $2,501,300 |
PROPERTY TAXES
Parcel Number
49-03-18-107-002.000-600
Land Assessment
$1,084,600
Improvements Assessment
$1,416,700
Total Assessment
$2,501,300
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