2305 E Michigan Street Indianapolis, IN $ 520,000
2305 E Michigan Street
$ 520,000
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2305 E Michigan Street

Indianapolis, IN, 46201
$ 520,000
Bedrooms-- Baths-- Sq 8,750

Monthly Estimate*

$ 3,592

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Commercial Property for sale in Indianapolis, IN

for $520,000. This 8,750 square foot building was built on a lot size of 0.09.

Nothing compares to the freedom of passive income paired with the prestige of offering luxury living. **Welcome to 2305 E Michigan St, Indianapolis, IN 46201** a standout mixed-use property designed for investors who recognize opportunity the moment they see it. Built in like-new condition, this impressive building features three units, with two already generating steady rental income and one vacant, ready for you to maximize its earning potential or select your next tenant. From the moment you step inside, you will appreciate the modern finishes, thoughtful layout, and the kind of quality that attracts and retains residents. An added bonus is the dedicated storage space, providing flexibility and additional value rarely found in similar properties. Whether you are expanding your portfolio or stepping into a high-performing investment for the first time, this property delivers the ideal blend of immediate cash flow and long-term growth. Opportunities like this do not last secure a property that works for you today and builds your wealth for tomorrow.

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Commercial Active

Price

$ 520,000

Property Type

Commercial

Taxes

$ 2,334

Style

Retail

Lot Size

0.09

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22083393

Features
General
Utilities See Remarks
Possession Closing
Zoning C5
View City
Township Center
Property Subtype Retail
Tax Year 2024
Current Use Comm Mul Ten Residential See Remarks
County Marion
New Construction N
Property Type Commercial Sale
Status Active
Directions GPS Friendly
City Indianapolis
High School District Indianapolis Public Schools
MLS Area 4910 - Marion - Center
Lot Size Square Feet 3737
Standard Status Active
Tax Lot 65-66
Cap Rate 7
Legal Description Picken & Loftins E Wash St Add Pt Lots 65 & 66 Beg Nw Cor L66 P.O.B. S45' E19' S3.90' E15.40' S12.98' E34.40' N61.88' W68.8'To Beg
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Exterior
Building Area Total 8750
Lot Size Acres 0.09
Waterfront Y/N N
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* Excluded Features
List By
Highgarden Real Estate

Broker

gpitts@highgarden.com

Email

Affordability Calculator

$3,786
Per Month
95%
5%
0%
Monthly Principal & Interest
$3,592
Monthly Property Taxes
$195
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4044905 Elementary School
4044909 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/7/2026$520,000 -9.57% Price Down
3/31/2026$575,000 -1.71% Price Down
2/18/2026$585,000 Listed Price

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2305 E Michigan Street, Indianapolis, IN, 46201 is a Commercial Property for sale at $520,000 with 8,750 sqft and a lot size of 0.09. The property's zip code is 46201 which is in Indianapolis, IN