5835 MichiganIndianapolis, IN 46228

  • Retail properties
  • 1,260 SF
Off market
$123,420 Estimated

Property Details for 5835 Michigan

Year built
1956
Construction
STEEL FRAME
Lot size
0.58 AC
Property size (Sq ft)
1,260 SF
Zone code
ZO01
Property type
Retail properties
Property subtype
Parking lots & garages
APN
49-06-03-106-087.000-800
APU
490603106087000800

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $240,695
    6.5%
    $222,180
    7%
    $206,310
  • Comparable approach

    Method
    Valuation
    Relative Method
    $299,046
    Geo Method
    $299,046
  • Alternative Use

    Use
    Valuation
    Residential
    $187,417
    Hospitality
    $171,673
    Educational
    $142,830
    Medical
    $147,742
    Retail
    $222,180
5835 Michigan, Indianapolis, Indiana

Location Insight

City
Indianapolis
County
Marion
State
Indiana
Latitude
39.8605
Longitude
-86.1976
CBSA code
26900
CBSA name
INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed Improved Value
    $29,500
  • Assessed land value
    $72,500
  • Assessed value
    $102,000
  • Tax year
    2023
  • Tax bill
    $2,589

FAQs

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