10880 N Michigan Road

Vacant Land for Sale
Catylist Listing ID: 30786408
Property Subtypes: Retail
Gross Land Area: 1.70 Acres
Sale Price: $1,100,000
Unit Price: $647,058 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/27/2022

Overview / Comments

1.7 acre outparcel available with frontage along Michigan Road in the center of a busy retail corridor just north of I465 in Zionsville/Carmel, Indiana. The land has excellent visibility and easy access to Michigan Road. The land is zoned commercial allowing for most retail, office and transitional uses.

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Additional Details

Nearest MSA: Indianapolis-Carmel-Anderson
County: Boone
Taxing Authority: Hamilton County
Tax ID/APN: 29-13-06-000-031.000-018
Zoning: B3
Property Located Between: 106th and 116th Street
Property Visibility: Excellent
Largest Nearby Street: Michigan Road
Feet of Frontage: 165
Traffic/Vehicle Count: 22,400
Highway Access: I465
Airports: Indianapolis International
Site Description: 1.7 acre outparcel available with frontage along Michigan Road in the center of a busy retail corridor just north of I465 in Carmel, Indiana. The land has excellent visibility and easy access to Michigan Road. The land is zoned commercial allowing for most retail, office and transitional uses.
Area Description: The Michigan Road corridor is a major feeder between downtown Indianapolis and Carmel with a great mix of retail, office, multi-family and residential. Michigan Road has excellent traffic counts coupled with dense residential and daytime populations. Carmel, Indiana is one of the fastest growing communities in the State of Indiana and is located on the annual top lists of schools, places to raise a family and places to do business.
Lot Frontage: 165
Lot Depth: 380
Zoning Description: B3 allows for most commercial uses, including retail, restaurant and others.
Development Name: Aria
Topography: Level
Available Utilities: Electric, Water, Gas, Sewer, Storm Drain
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,896 39,682 121,793
Median Age: 40.44 38.89 37.73
Households: 3,738 16,295 48,255

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