1702 West Michigan Street is a mixed-use property for lease in Indianapolis, IN.
Modern construction; studio apartments perfectly suited for students and medical residents. Commercial space is incredibly flexible allowing for a single user of ±2,600 SF or multiple smaller office or retail users that are independently metered. Excellent investment opportunity!
Great location, 2 minutes from IUPUI, VA Hospital, IU Med Center. 5 minutes from Lucas Oil, Monument Circle. Property is located one block west of White River on the western edge of the IU Medical Center/Dental School/Law School/Teaching Hospitals and Indiana University/Purdue University Indianapolis (IUPUI) near downtown Indianapolis. Ample parking, easy access from downtown and university campus.
> 10,340 SF mixed-use property - 5,170 SF of Office/Retail and 5,170 SF of Multifamily studio apartments
> Sale Price: $850,000
> Lease Rate $12/SF NNN (ground level office/retail)
> 11 individually-metered studio apartments, currently 100% occupied
> Well-maintained; built in 2007 using high quality, durable materials
> Main floor commercial space is very modern, equipped to be
demised into 3 separately-metered spaces. Ready to be built out to
meet tenant’s requirements.
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