3224 East Michigan Street

Off-Market

3224 East Michigan Street, Indianapolis, IN 46201

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Industrial - Manufacturing
  • Property Size 124,000 SF
  • Lot Size 5.82 Acre
  • Property Tenancy Owner Occupied
  • Building Class A

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Indianapolis

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Indianapolis Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2022 Avg. Asking Rent $22.03
  • 2022 Office Vacancy Rate 21.26%
  • 2022 Office Completions (SF) 122,294

Indianapolis Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2022 Avg. Price per SF $89.98
  • Y-o-Y Avg. PpSF Change -30.47%
  • 2022 Office Sales Volume $113.2M
  • 2022 Number of Transactions 21
View more Indianapolis market trends

Location

Getting Around

  • Walk Score ®

    46/100 Car-Dependent
  • Transit Score ®

    41/100 Some Transit
  • Bike Score ®

    63/100 Bikeable
Powered by Walk Score ®
  • City Indianapolis, IN
  • Neighborhood Rivoli Park
  • Zip Code 46201
  • Market Indianapolis

Points of Interest

  • Indianapolis Union Station

    2.84 miles

  • Canal

    3.05 miles

  • Methodist

    3.06 miles

  • Indiana University/Riley

    3.62 miles

  • Shell

    0.43 miles

  • Amoco

    0.54 miles

  • Marathon

    0.59 miles

  • Marathon

    0.75 miles

  • Kroger

    0.87 miles

  • Citgo

    0.91 miles

  • Clark

    0.92 miles

  • Phillips 66

    1.03 miles

  • Marathon

    1.06 miles

  • Mobil

    1.09 miles

  • Market District Garage

    2.23 miles

  • Lot 35

    2.43 miles

  • 429 Penn Parking

    2.44 miles

  • Pulliam Garage

    2.45 miles

  • Virginia Avenue Garage

    2.48 miles

  • Lot 48

    2.52 miles

  • Cityway North Car Park

    2.53 miles

  • Indy Flats Residential Parking

    2.54 miles

  • Circle City Residential Parking

    2.55 miles

  • Lot 98

    2.62 miles

  • Birrieria Tala Jalisco

    0.32 miles

  • Taco Bell

    0.41 miles

  • 10th Street Diner

    0.41 miles

  • White Castle

    0.42 miles

  • Popeyes

    0.44 miles

  • Rally's

    0.45 miles

  • Long John Silver's

    0.46 miles

  • Wendy's

    0.46 miles

  • Tienda y Panaderia Guatemalteca

    0.50 miles

  • Chucks Coney Island

    0.51 miles

  • Tienda y Taqueria Chilangos

    0.33 miles

  • Food Stop Market

    0.45 miles

  • New York Express

    0.46 miles

  • Dollar General Market

    0.52 miles

  • Yaffa Food Mart & Grocery

    0.54 miles

  • Healthy Harvest Market at Brookside

    0.57 miles

  • Save-A-Lot

    0.63 miles

  • Kroger Marketplace

    0.86 miles

  • Las Mexicanas Super Market

    1.07 miles

  • Dollar General Market

    1.09 miles

  • Indianapolis Fire Station 27

    0.54 miles

  • Indianapolis Fire Station 11

    1.26 miles

  • Indianapolis Fire Station 15

    1.55 miles

  • Indianapolis Fire Station 20

    1.60 miles

  • Community Hospital East

    1.91 miles

  • Indianapolis Fire Department Station 3

    2.14 miles

  • Indianapolis Fire Department Station 7

    2.21 miles

  • Indianapolis Fire Department - Former Station 3

    2.22 miles

  • Needler's Pharmacy

    2.31 miles

  • Martindale Brightwood Health Center

    2.37 miles

Frequently Asked Questions

What is the total square footage of 3224 East Michigan Street?

3224 East Michigan Street totals 124,000 square feet.

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