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    Franklin St Michigan City, IN 46360

    Under Contract
    For Sale
    $1,300,000

    LAND - Michigan City, IN

    Property size:
    2 SF
    Lot size:
    1.72 Acres
    Days on Market:
    44
    Last Refresh:
    Dec 13 at 4:06 pm

    Property Features for Franklin St

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active Under Contract
    APN
    460509300012000009
    Size
    2 SF
    Lot size
    1.72 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1800

    d'aprile properties llc (219) 877-4014 [email protected]

    Listing agent Zakaria Elhidaoui (219) 448-1052

    Listing date Oct 31, 2025

    Copyright © 2025 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Land on Highway 421

    This 1.72-acre commercial corner lot is situated in a prime location on Highway 421, also known as Franklin St. The property is located near national retailers, including Meijer, Lowe's Home Improvement, Menards, Walmart Supercenter, Hobby Lobby, TJ Maxx, R.P. Home & Harvest, and Kohl's. There are 14 hotels within one mile of the property. The location is a few minutes from I-94 exit.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Michigan City
    County
    LaPorte
    State
    Indiana
    Longitude
    -86.89331
    Latitude
    41.668584

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    FAQs

    What type of property is this?
    Commercial land - 1.72 acre commercial corner lot near national retailers.
    Where is this commercial land located?
    The property is located at Franklin St Michigan City, IN.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: - 1.72 acre commercial corner lot on Highway 421 (Franklin St); - Prime location near major national retailers (Meijer, Lowe's, Walmart, etc.); - Proximity to 14 hotels within one mile
    (219) 448-1052
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    Franklin St Michigan City, IN 46360
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    Michigan City, IN 46360
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Franklin St Michigan City, IN 46360
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