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2305 E Michigan Street

Indianapolis, IN 46201

ActiveListed Feb 18, 2026 · 172 days on market

Key facts

Living area
8,750 sqft
Lot
0.09 acres
Type
Commercial Sale · Retail
MLS #
22083393
County
Marion
Total building area
8,750 sqft

About this home

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.

Description provided by the listing brokerage.

Exterior

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City

Systems

Utilities
See Remarks

Lot and HOA

Zoning
C5

Schools

School district
Indianapolis Public Schools

Taxes

Estimated annual tax
$2,334 / yearTwice the semi-annual installment the listing reports.
Tax year
2024

Estimate your monthly payment

$2,998per month, estimated
Principal and interest $2,621Property tax $195Insurance $182
20% · $104,000
6.47%
Loan type
Loan term

Estimates only. This calculator does not give a quote. Defaults reflect Marion County / Indianapolis averages: property tax from this home's actual county bill, homeowners insurance at 0.42% annually. Conventional: PMI runs 0.55% of the loan annually when your down payment is below 20%, and drops automatically at 22% equity. Your real number depends on credit, taxes assessed for the parcel, escrow, condo insurance, and HOA. Rates as of May 2026 and subject to change.

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Listed at$520,000
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