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Listed by Jay Pearl • Elevate 317 Realty LLC
$ 349,000
Est. payment /mo
Active
2130 E Michigan ST Indianapolis, IN 46201
0.62 Acres Lot
UPDATED:
11/18/2024 06:23 PM
Key Details
Property Type Commercial
Sub Type Commercial Land
Listing Status Active
Purchase Type For Sale
Subdivision J H Ruddells Glenwood
MLS Listing ID 22007748
Tax Year 2023
Lot Size 0.620 Acres
Acres 0.62
Property Description
Prime commercial lot located on the Near-Eastside of downtown Indianapolis. At just over 1/2 acre, this expansive lot is zoned C3 which allows for a variety of uses, including neighborhood shopping centers, retail stores, and personal and professional services. A prominent corner lot, perfectly situated on a well-trafficked thoroughfare in the heart of St. Clair Place neighborhood. Located minutes to Mass Ave and downtown Indy. Benefit from high exposure to both pedestrian and vehicular traffic, ensuring maximum visibility for your retail venture. Versatile zoning, the C3 zoning classification allows for a wide range of retail uses, including but not limited to restaurants, service businesses, and specialty shops. With over 1/2 acre at your disposal, you have plenty of room to design your dream retail space, complete with parking and outdoor areas. Easily accessible from major roads and highways, the property offers excellent connectivity for customers and suppliers alike. Located near established neighborhoods, schools, and other commercial establishments, this property attracts a diverse clientele and ensures a steady flow of customers. This is a rare opportunity to invest in a prime piece of commercial real estate in a growing area. With the potential for significant return on investment, this property is perfect for both seasoned investors and new entrepreneurs looking to establish their brand. The current owner has secured approved plans for a large beer garden and entertainment venue, providing an exciting opportunity to create a vibrant social hub. Imagine hosting live music events, craft beer tastings, and community gatherings in a beautifully designed outdoor area that will attract patrons year-round (renderings and design plans available upon request.) Additional proposed uses could include a mid-rise apartment/condo/retail development, townhouse development, or subdivide to single family buildable lots.
Location
State IN
County Marion
Zoning C3
Interior
Fireplace N
Building
Sewer Municipal Sewer Near
New Construction false
Schools
School District Indianapolis Public Schools
Others
Acceptable Financing Not Applic
Listing Terms Not Applic
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