M Development Acquires Single Family Property In Indianapolis For $14.5M

The single-family property located at 4501 North Michigan Road in Indianapolis has been sold in a transaction. The property sits on a vast expanse of 168 acres, offering ample space for various activities. The sale price for this property was $14,500,000, indicating the value it holds in the market. With a total of 41,762 square feet, this property provides a substantial area for residents to utilize. The price per square foot for this transaction stands at $347.

Summary of transaction details

• Property Type: Single Family
• Transaction Amount: $14,500,000
• Address: 4501 North Michigan Road, Indianapolis
• Market: Indianapolis
• Acres: 168

The buyer of this property is M Development, a notable player in the real estate market. Representing the buyer in this transaction is Mike Johnson from Encore Sotheby's International Realty and Stan Burton from Avison Young. These brokers played a pivotal role in facilitating this deal, ensuring a smooth process for all parties involved.