8760 MichiganIndianapolis, IN 46268

  • Retail properties
  • 8,400 SF
For Lease

Property Details for 8760 Michigan

Year built
2007
Construction
TYPE NOT SPECIFIED
Lot size
0.89 AC
Property size (Sq ft)
8,400 SF
Zone code
ZO01
Property type
Retail properties
Property subtype
Strip malls
APN
49-03-18-106-024.003-600
APU
490318106024003600

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,604,940
    6.5%
    $1,481,483
    7%
    $1,375,662
  • Comparable approach

    Method
    Valuation
    Method 1
    $1,994,327
    Method 2
    $1,994,327
  • Alternative Use

    Use
    Valuation
    Residential
    $1,249,686
    Hospitality
    $1,144,706
    Educational
    $952,382
    Medical
    $985,136
    Retail
    $1,481,483
8760 Michigan, Indianapolis, Indiana

Location Insight

City
Indianapolis
County
Marion
State
Indiana
Latitude
39.9143
Longitude
-86.2245
CBSA code
26900
CBSA name
INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed Improved Value
    $579,300
  • Assessed land value
    $287,900
  • Assessed value
    $867,200
  • Tax year
    2023
  • Tax bill
    $20,229

FAQs

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