OFF MARKET

Off Market Oct 2023 for $105K

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sq ft

7403 Michigan Rd, Indianapolis, IN 46268

About this home

Here is a fantastic opportunity for your dream business! Ideal 1/2 acre on Michigan Road FRONTAGE, commercially zoned for multiple general businesses. Location has high VPD plus surrounds numerous mixed use businesses. Easy access to 86th Street, I-465, Zionsville, Carmel and minutes from downtown. Second parcel is included, parcel #6028555, .64 of an acre, and is located directly behind 7403 Michigan Road.

Land, Commercial LandProperty Type

0.49 acresLot Size

Listed by Kyle Russell • Ferris Property Group

Contact: kyle@ferrispropertygroup.com

Bought with Tony Markus • Viewpoint Realty Group, LLC

Redfin checked: a minute ago

•Source:MIBOR as Distributed by MLS Grid #21938141

Redfin Estimate

Unfortunately, we don't have enough data to generate an accurate Estimate at this time.

Market trends in 46268, IN

Last updated August 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

98.9%

+1.0% MoM

Median sale price

$257K

$57 MoM

Avg. days on market

25d

1 days MoM

Recently sold homes

12 MoM

New listings for sale

NEW 13 HRS AGO
$149,900
3 beds1.5 baths954 sq ft
8283 Hewlet Dr Unit F, Indianapolis, IN 46268
$265,000
2 beds2 baths1,405 sq ft
2580 N Willow Way, Indianapolis, IN 46268
$100,000
1 bed1 bath1,132 sq ft
6321 Brush Ct, Indianapolis, IN 46268
$279,900
3 beds2.5 baths1,886 sq ft
4422 Autumn Crest Ct, Indianapolis, IN 46268
$375,000
5 beds3.5 baths3,200 sq ft
Indianapolis, IN 46268
$269,000
3 beds2 baths1,635 sq ft
6445 Kentstone Dr, Indianapolis, IN 46268
$295,000
3 beds2.5 baths1,808 sq ft
4335 Mulligan Way, Indianapolis, IN 46268
$200,000
2 beds2 baths1,232 sq ft
2910 Stillman Ave, Indianapolis, IN 46268
$259,900
3 beds2 baths1,418 sq ft
3217 Creekshore Dr, Indianapolis, IN 46268
$235,000
3 beds2.5 baths1,450 sq ft
4950 Potomac Square Way #4, Indianapolis, IN 46268
See all

Provided by Redfin

Sale history for 7403 Michigan Rd

Date

Event

Price

MIBOR as Distributed by MLS Grid #21938141

Oct 27, 2023

Sold

$105,000

Oct 18, 2023

Pending

—

Sep 14, 2023

Price Changed

$139,900

Aug 16, 2023

Listed

$149,900

MIBOR as Distributed by MLS Grid #21143700

May 13, 2015

Price Changed

$22,900

May 13, 2015

Sold

$5,000

Mar 11, 2015

Listing Removed

—

Mar 6, 2015

Listed

$24,900

Two parcels zoned C-3 located in high traffic area at 74th and Michigan Road. Total size equals 1.23 acres. Front parcel is .59 acres with approximately 130 feet of frontage directly on Michigan Road. Rear parcel is .64 acres with access via easement. Sellers willing to sell parcels together or individually. Also, open to leasing the land or build to suit. List price is for rear parcel. See additional listing for info & pricing on front parcel.

MIBOR as Distributed by MLS Grid #21143695

May 13, 2015

Price Changed

$82,900

May 13, 2015

Sold

$80,000

Mar 11, 2015

Listing Removed

—

Mar 6, 2015

Listed

$84,900

Two parcels zoned C-3 located in high traffic area at 74th and Michigan Road. Total size equals 1.23 acres. Front parcel is .59 acres with approximately 130 feet of frontage directly on Michigan Road. Rear parcel is .64 acres with access via easement. Sellers willing to sell parcels together or individually. Also, open to leasing the land or build to suit. List price is for front parcel. See additional listing for info & pricing on rear parcel. Bring your ideas!

MIBOR as Distributed by MLS Grid #21058757

Feb 5, 2011

Listing Removed

—

Nov 30, 2010

Listed

$24,900

MIBOR as Distributed by MLS Grid #21009358

Feb 5, 2011

Listing Removed

—

Feb 23, 2010

Listed

$99,900

MIBOR as Distributed by MLS Grid #21006601

Feb 6, 2011

Listing Removed

—

Feb 5, 2010

Listed

$99,900

MIBOR as Distributed by MLS Grid #21006620

Feb 6, 2011

Listing Removed

—

Feb 5, 2010

Listed

$24,900

MIBOR as Distributed by MLS Grid #2845635

Sep 21, 2008

Listing Removed

—

Aug 4, 2008

Listed

$149,500

MIBOR as Distributed by MLS Grid #2668639

Sep 21, 2007

Listing Removed

—

Oct 26, 2006

Listed

$149,900

MIBOR as Distributed by MLS Grid #2563143

Oct 12, 2006

Listing Removed

—

Oct 12, 2005

Listed

$149,500

MIBOR as Distributed by MLS Grid #2550464

Aug 14, 2006

Listing Removed

—

Aug 14, 2005

Listed

$149,500

MIBOR as Distributed by MLS Grid #2457933

Oct 11, 2005

Listing Removed

—

Oct 13, 2004

Listed

$140,000

MIBOR as Distributed by MLS Grid #2415315

Sep 19, 2004

Listing Removed

—

Mar 19, 2004

Listed

$124,900

MIBOR as Distributed by MLS Grid #2415333

Sep 19, 2004

Listing Removed

—

Mar 19, 2004

Listed

$24,900

MIBOR as Distributed by MLS Grid #2329004

Dec 2, 2003

Listing Removed

—

Jun 5, 2003

Listed

$29,900

MIBOR as Distributed by MLS Grid #2329052

Dec 2, 2003

Listing Removed

—

Jun 5, 2003

Listed

$149,900

MIBOR as Distributed by MLS Grid #2255286

May 12, 2003

Listing Removed

—

Nov 20, 2002

Listed

$149,900

MIBOR as Distributed by MLS Grid #2117419

Apr 16, 2001

Listed

$99,900

MIBOR as Distributed by MLS Grid #9941312

Mar 31, 2001

Listing Removed

—

Nov 12, 1999

Listed

$99,900

MIBOR as Distributed by MLS Grid #9928924

Jan 29, 2000

Listing Removed

—

Aug 4, 1999

Listed

$49,900

Year

Property tax

Land + Additions

Assessment*

2025

$1,500 (−1.0%)

$56,400 + $1,600

$58,000

2024

$1,515 (+10.3%)

$56,400 + $1,700

$58,100

2023

$1,374 (−0.6%)

$56,400 + $1,700

$58,100

2022

$1,382 (+1.6%)

$56,400 + $1,700

$58,100

2021

$1,361 (−0.3%)

$51,200 + $1,600

$52,800

2020

$1,365 (+4.0%)

$51,200 + $1,600

$52,800

2019

$1,313 (−2.1%)

$51,200 + $1,700

$52,900

2018

$1,340 (−0.3%)

$51,200

2017

$1,345 (+1,346.3%)

$51,200

2016

$93

$3,600

2015

$93 (−1.1%)

$3,600

2014

$94 (−1.1%)

$3,600

2013

$95

$3,600

Tax history for 7403 Michigan Rd

Year

Property tax

Land + Additions

Assessment*

2025

$1,500 (−1.0%)

$56,400 + $1,600

$58,000

2024

$1,515 (+10.3%)

$56,400 + $1,700

$58,100

2023

$1,374 (−0.6%)

$56,400 + $1,700

$58,100

2022

$1,382 (+1.6%)

$56,400 + $1,700

$58,100

2021

$1,361 (−0.3%)

$51,200 + $1,600

$52,800

2020

$1,365 (+4.0%)

$51,200 + $1,600

$52,800

2019

$1,313 (−2.1%)

$51,200 + $1,700

$52,900

2018

$1,340 (−0.3%)

$51,200

2017

$1,345 (+1,346.3%)

$51,200

2016

$93

$3,600

2015

$93 (−1.1%)

$3,600

2014

$94 (−1.1%)

$3,600

2013

$95

$3,600

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning
Permits

Beds

—

Baths

—

Stories

—

Lot width

97 ft.

Lot depth

220 ft.

Lot size

0.49 Acres

Year renovated

—

Sq. Ft.

—

Year built

—

Style

Other

County

Marion County

APN

490329104028000600

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 29, 2026.

METRO

Neighborhood Commercial District

The C-3 District is for the development of an extensive range of retail sales and personal, professional and business services required to meet the demands of a fully developed residential neighborhood, regardless of its size. Examples of such types of uses include neighborhood shopping centers, sales of retail convenience or durable goods, shopping establishments, retail and personal and professional service establishments. At this neighborhood scale of retail, a fine-grain of accessibility requisite for all modes of travel must be provided and maintained. It does not make provision, however, for those businesses that draw customers in significant numbers from well beyond a neighborhood boundary and are, therefore, unusually heavy traffic generators, such as theaters. It does not allow those businesses that require the outdoor display, sale or storage of merchandise; or require outdoor operations. In general, to achieve maximum flexibility of permitted land use, the C-3 District makes possible a highly varied grouping of indoor retail and business functions.

Zone overlays

Metro Context Area

Permitted uses

Include but are not limited to:

General retail
Retail-Grocery
Restaurant
Hospital / medical center
Rehabilitation center
Housing-Other
Bed & breakfast
Office
Medical office
Ground transport

Property details

Exterior

Property Information
Development Status: NoStatus
Public Transportation: Yes
Property Type: Land
Other Structures: Not Applicable
Property Sub Type: Commercial Land
Zoning: C3

Land Information
Current Use: Vacant
Topography: Cleared,Level
Soil Type: Not Applic
Acres: 1/4-1/2 Acre
Land Characteristics: City,Rectangle

Lot Information
Facilities On: Electric,Gas,Water
Facilities Near: Sewer
Divisible: No
Number Of Lots: 1
Lot Size Acres: 0.49
Road Surface Type: Concrete
Road Frontage Type: City Street
Lot Features: Curbs, Not In Subdivision, Sidewalks, Zoned
Present Zoning: Commercial
Road Access: Frontage Road

Utilities

Utility Information
Water Source: Municipal/City
Sewer: Municipal Sewer Near
Water Information: Municipal Water on Site
Solid Waste Information: Yes

Location

School Information
Middle Or Junior High School: Pike Central Middle School
High School: Pike Central High School
High School District: Pike County School Corp

Location Information
Directions: Use GPS
Tax Legal Description: Hiland Manor Pt L4 Beg 133.63' Nw Of Sw Cor; Nw111.91' Ne134.16' Ne87.29' Se76.40' Sw217.62' To Beg 0.49 Ac (Approx 21,344 Sq

Public facts

Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 0.49 acres
Style: Other
Year Built: —
Year Renovated: —
County: Marion County
APN: 490329104028000600

Home facts updated by county records on Jul 29, 2026

Other

Listing Information
Attribution Contact: kyle@ferrispropertygroup.com

Around this home

Schools

College Park Elementary School

Public K-5 • Assigned • 2.0mi

3/10

Lincoln Middle School

Public 6-8 • Assigned • 2.2mi

4/10

Pike High School

Public 9-12 • Assigned • 2.5mi

3/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Historical weather

Indianapolis, IN • 46268

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

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New listings for sale in 46268

NEW 13 HRS AGO

$149,900

3 beds1.5 baths954 sq ft

8283 Hewlet Dr Unit F, Indianapolis, IN 46268

$265,000

2 beds2 baths1,405 sq ft

2580 N Willow Way, Indianapolis, IN 46268

$100,000

1 bed1 bath1,132 sq ft

6321 Brush Ct, Indianapolis, IN 46268

$279,900

3 beds2.5 baths1,886 sq ft

4422 Autumn Crest Ct, Indianapolis, IN 46268

$375,000

5 beds3.5 baths3,200 sq ft

Indianapolis, IN 46268

$269,000

3 beds2 baths1,635 sq ft

6445 Kentstone Dr, Indianapolis, IN 46268

$295,000

3 beds2.5 baths1,808 sq ft

4335 Mulligan Way, Indianapolis, IN 46268

$200,000

2 beds2 baths1,232 sq ft

2910 Stillman Ave, Indianapolis, IN 46268

$259,900

3 beds2 baths1,418 sq ft

3217 Creekshore Dr, Indianapolis, IN 46268

Home values near 7403 Michigan Rd

Data from public records.

Address	Redfin Estimate
7405 Michigan Rd, Indianapolis, IN 2 Beds \| - Baths \| 1272 Sq. Ft.	$172,123
3046 West Hiland Dr, Indianapolis, IN 3 Beds \| - Baths \| 1151 Sq. Ft.	$188,067

Address	Redfin Estimate
7407 Michigan Rd, Indianapolis, IN 2 Beds \| - Baths \| 915 Sq. Ft.	$155,392
3011 West Hiland Dr, Indianapolis, IN 3 Beds \| - Baths \| 916 Sq. Ft.	$188,987

Address	Redfin Estimate
3014 West Hiland Dr, Indianapolis, IN 2 Beds \| - Baths \| 925 Sq. Ft.	$110,028
3042 West Hiland Dr, Indianapolis, IN 2 Beds \| - Baths \| 888 Sq. Ft.	$179,707

Property information provided by MIBOR as Distributed by MLS Grid when last listed in 2023. This data may not match . Learn more.

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