Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Industrial Single Tenant Space Title is generated by Realmo AI

    1111 US-20, Michigan City, IN 46360

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Industrial single tenant property available for lease.

    Type:Industrial
    Property size:
    34,754 SF
    Added:
    Mar 20, 2026
    Days on Market:
    53
    Last Refresh:
    Mar 21 at 8:18 pm

    Property Features for 1111 US-20

    General Information

    Standard status
    Active
    Size
    34,754 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1985

    We can help!

    Listing Contact
    Lori Tubbs
    Lori Tubbs

    Listing agent Lori Tubbs License #RB14020765

    Listing office Lori Tubbs

    Listing date Mar 20, 2026

    Source Crexi

    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 Lori Tubbs

    HighLights

    • Single tenant property
    • Industrial property type
    • Substantial 34,754 SqFt of space
    • Built in 1985

    Overview

    This industrial property offers a single tenant space with a total area of 34,754 square feet. The property is located in Michigan City, Indiana.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Michigan City
    County
    LaPorte
    State
    Indiana
    Longitude
    -86.874223
    Latitude
    41.687318

    Nearby Similar for Lease

    • $4,000/Mo

      Restaurant Space in Uptown Arts

      Established restaurant space in Michigan City's Uptown Arts District.
      521 Franklin Street, Michigan City, IN 46360
      View Details
    • $1,100/Mo

      Professional Office Space For Lease

      Move-in ready office suite in high-visibility location.
      1026 N Karwick Road unit: A, Michigan City, IN 46360
      View Details
    • $2,600/Mo

      Prime Commercial Space For Lease

      Versatile commercial space in high-visibility location, surrounded by major businesses.
      5180 Franklin Street, Michigan City, IN 46360
      View Details
    • $9 SF/Yr

      Michigan City Industrial/Flex Facility

      Multi-tenant industrial/flex facility with heavy infrastructure and highway access.
      100 Anchor Road, Michigan City, IN 46360
      View Details
    • $9 SF/Yr

      Retail Space on Franklin Street

      5,756 SF retail space with high traffic and parking.
      3207-3299 Franklin St, Michigan City, IN
      View Details
    • Contact for pricing

      Michigan City Commercial Building For Lease

      10,838 SF commercial building in vibrant Michigan City, Indiana.
      1551 South Woodland Avenue, Michigan City, IN, 46360
      View Details
    • $8 SF/Yr

      Retail/Office Space on US HWY

      Two 1,600 SF suites available for rent.
      1702-1724 US Hwy 20, Michigan City, IN
      View Details
    • Contact for pricing

      Retail Space on Franklin Street

      Retail spaces available on heavily trafficked US Highway 421.
      5330-5360 Franklin St, Michigan City, IN
      View Details
    • Contact for pricing

      Truck Terminal and Dispatch Site

      10-acre truck terminal with three buildings for sale.
      W US Highway 20 1111, Michigan City, IN
      View Details
    • Contact for pricing

      Retail Space Inside Meijer Store

      Prime retail opportunity with high visibility and customer traffic.
      5150 Franklin St, Michigan City, IN 46360
      View Details
    • Contact for pricing

      Michigan City Flex/Industrial Space

      Flex/Industrial space available for lease in Michigan City, Indiana.
      7654 E U.S. 20, Michigan City, IN, 46360
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available, approximately 1,600 square feet.
      1712 US-20, Michigan City, IN 46360
      View Details

    FAQs

    What type of property is this?
    Industrial property - Industrial single tenant property available for lease.
    Where is this industrial property located?
    The property is located at 1111 US-20 Michigan City, IN.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: Single tenant property; Industrial property type; Substantial 34,754 SqFt of space
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Lori Tubbs
    Lori Tubbs
    Real Estate License ID: RB14020765
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1111 US-20, Michigan City, IN 46360
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!