Industrial Flex Facility with
For Sale
$3,000,000
100 Anchor Rd, Michigan City, IN 46360
Versatile industrial space supports manufacturing, distribution, and service operations with substantial power and loading infrastructure.
Property Size60,500 SF
Price / SF$49.59
Days on Market78
Property Features for 100 Anchor Rd
General Information
Standard status
Active
Size
60,500 SF
Building Details
Year Built
1975
Listing Agency:
McColly Real Estate
Listed By:
Michael Becze · License #RB22000047
(219) 378-8308
Source:
Realtopiare
Added: Jul 29
Changed: Oct 8
Last Checked: Oct 7 at 3:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of McColly Real Estate
Investment Insights
Based on property information with market context.
This 52,016-square-foot flex facility offers a configurable layout for either multi-tenant or single-tenant occupancy. The building includes 10,500 square feet of office space, four docklevelers, one manual lift, and three overhead doors. Clear heights range from 16 to 20 feet, and the property provides 103 parking stalls.
Infrastructure includes 1,600A, 480V, three-phase power with multiple transformers and subpanels. The facility was built in 1975 and is positioned along Anchor Road in Michigan City’s commercial corridor, with highway access noted in the property information. A gross lease structure including utilities and taxes is also available as described.
Infrastructure includes 1,600A, 480V, three-phase power with multiple transformers and subpanels. The facility was built in 1975 and is positioned along Anchor Road in Michigan City’s commercial corridor, with highway access noted in the property information. A gross lease structure including utilities and taxes is also available as described.
Key Highlights
- 52,016 SF total building area with 10,500 SF of office space
- Loading includes four docklevelers, one manual lift, and 3 overhead doors
- 16'-20' clear ceiling heights
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$230,215
Cap Rate
7.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,604,300
$4.6M
Cap Rate 7%
$3,288,786
$3.3M
Cap Rate 9%
$2,557,944
$2.6M
Market Conditions
NOI Build-Up for 60,500 SF
Gross rent
$363.0K $6.00/SF
− Vacancy
−$34.1K −$0.56/SF
EGI
$328.9K $5.44/SF
− OpEx
−$98.7K −$1.63/SF
NOI
$230.2K $3.81/SF
Area
LaPorte County, IN
Vacancy
9.40%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,604,300
Cap Rate 7%
$3,288,786
Cap Rate 9%
$2,557,944
Alternative Uses
Best Use
Flex RnD
$11.18M
$9.78M – $13.04M
NOI $782,316 @ 7.0% cap · market cap 26.08%
Second Best
Warehouse
$3.99M
$3.49M – $4.66M
NOI $279,546 @ 7.0% cap · market cap 9.32%
Theoretical Best
Specialty Retail
$16.82M
$14.72M – $19.62M
NOI $1,177,345 @ 7.0% cap · market cap 39.24%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
90
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46360, IN
44,209
Population
21,652
Households
2
Avg Household Size
42
Median Age
23%
College-Educated
90%
High-School Grad
76.6 sq mi
ZIP Area
577
Density / Sq Mi
$59,641
Median Household Income
$36,738
Median Earnings
$924
Median Rent
$155,900
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile industrial space supports manufacturing, distribution, and service operations with substantial power and loading infrastructure.
Where is this flex space located?
The property is located at 100 Anchor Rd Michigan City, IN.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 52,016 SF total building area with 10,500 SF of office space; Loading includes four docklevelers, one manual lift, and 3 overhead doors; 16'-20' clear ceiling heights
