7202 Michigan Rd - Drug Store FOR SALE


Indianapolis, IN 46268- Augusta
$2,890,000 USD
213-760-4007
7202 Michigan Rd, Indianapolis, IN for Sale
$2,890,000 USD
Drug Store - FOR SALE
1/13
null | Request Cap Rate

7202 Michigan Rd
Indianapolis, IN 46268
Augusta


HIGHLIGHTS

  • Irreplaceable Corner Location with 60,267 VPD Traffic
  • Dense residential infill location with 178,315 residents and 75,115 households within five miles, supporting sustainable demand
  • 10,125 SF Vacant Property on a 1.03 Acres Lot

OVERVIEW

This exceptional Subject Property presents a compelling investment opportunity at one of Indianapolis's most strategic retail locations. Positioned at the signalized hard corner of North Michigan Street and West 71st Street, the property benefits from exposure to approximately 60,500 vehicles per day. The 10,125-square-foot building sits on 1.02 acres in a densely populated infill location with over 178,315 residents within a five-mile radius. The property's proximity to Interstate 465, which carries over 135,000 cars per day, provides exceptional accessibility and visibility. The property offers stability in a market characterized by strong demographics, including an average household income of $87,500 in the surrounding area. The location benefits from adjacency to major national retailers including Walmart Supercenter, Costco, Trader Joe's, Lowe's, and Sam's Club, creating a robust retail ecosystem that drives consistent traffic to the corridor. Indianapolis continues to demonstrate strong economic fundamentals, with a diverse employment base anchored by healthcare, logistics, and technology sectors. The property's position in this growing market, combined with the Subject Property's strong corporate profile, creates an attractive risk-adjusted return profile for institutional and private investors seeking stable cash flow in the retail sector.

FOR SALE DETAILS

PRICE

$2,890,000 USD

PRICE/SF

$285 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

CVS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding, Service Station, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,912 SF

ZONING

ZO01

APN/PARCEL ID

49-03-29-127-012.000-600

ASK ABOUT THIS PROPERTY

Calvin LeeThree J InvestmentsMore Info
213-760-4007

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Calvin LeeThree J InvestmentsMore Info
213-760-4007

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.