7507 MichiganIndianapolis, IN 46268

Property Details for 7507 Michigan

Year built

1984

Construction

WOOD

Lot size

0.87 AC

Property size (Sq ft)

992 SF

Zone code

ZO01

Property type

Retail properties

Property subtype

Retail space

APN

49-03-29-109-014.000-600

APU

490329109014000600

• CAP approach

  CAP return

  Valuation

  6%

  $189,522

  6.5%

  $174,944

  7%

  $162,448

• Comparable approach

  Method

  Valuation

  Method 1

  $235,491

  Method 2

  $235,491

• Alternative Use

  Use

  Valuation

  Residential

  $147,572

  Hospitality

  $135,175

  Educational

  $112,464

  Medical

  $116,332

  Retail

  $174,944

Location Insight

City

Indianapolis

County

Marion

State

Indiana

Latitude

39.8898

Longitude

-86.2115

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

• Assessed Improved Value
  $239,300
• Assessed land value
  $124,600
• Assessed value
  $363,900
• Tax year
  2023
• Tax bill
  $8,489

FAQs

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