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7202 Michigan Rd
Indianapolis, IN 46268 Augusta

$15,188 USD/MO

Drugstore For Lease  •  10,125 SF

Property Details

  • Property Type Drugstore
  • Year Built 2001
  • Total Building Size 10,125 SF
  • Tenancy Single
  • Building Class B
  • Zoning ZO01
30 Transit Score
60 Walk Score

1 Space Available

Name Space Use Size Rent Details
1st Floor Ste Retail 10,125 SF $18.00 USD/SF/YR
This exceptional Subject Property presents a compelling investment opportunity at one of Indianapolis's most strategic retail locations. Positioned at the signalized hard corner of North Michigan Street and West 71st Street, the property benefits from exposure to approximately 60,500 vehicles per day. The 10,125-square-foot building sits on 1.02 acres in a densely populated infill location with over 178,315 residents within a five-mile radius.

The property's proximity to Interstate 465, which carries over 135,000 cars per day, provides exceptional accessibility and visibility. The property offers stability in a market characterized by strong demographics, including an average household income of $87,500 in the surrounding area. The location benefits from adjacency to major national retailers including Walmart Supercenter, Costco, Trader Joe's, Lowe's, and Sam's Club, creating a robust retail ecosystem that drives consistent traffic to the corridor.

Indianapolis continues to demonstrate strong economic fundamentals, with a diverse employment base anchored by healthcare, logistics, and technology sectors. The property's position in this growing market, combined with the Subject Property's strong corporate profile, creates an attractive risk-adjusted return profile for institutional and private investors seeking stable cash flow in the retail sector.

  • Date available: Now
  • Lease term: Negotiable
  • Service type: Triple Net
  • Space Type: Relet

Amenities

  • Pylon Sign

Public Transportation

Commuter RailDriveWalkDistance
Indianapolis (Cardinal - Amtrak) 18 min - 9.7 mi
AirportDriveWalkDistance
Indianapolis International 38 min - 20.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 60
Type: Surface
Included in Rent: Yes
Calvin Lee 213-760-4007 Calvin Lee Real Estate Advisor
Calvin Lee 213-760-4007 Calvin Lee Real Estate Advisor