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    432 Saint John Rd Michigan City, IN 46360

    For Sale
    $3,250,000

    50,000+ sq. ft. building on 7.285 acres for sale.

    Property size:
    50,600 SF
    Lot size:
    14.31 Acres

    Property Features for 432 Saint John Rd

    General Information

    Size
    50,600 SF
    Lot size
    14.31 Acres

    Source: Bradley Company | Merrillville Agent Steven (Steve) Nicksic

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Michigan City Retail/Industrial Opportunity

    This property features a 50,000+ sq. ft. big box retail store situated on 7.285 acres. It is located in the Franklin St. (HWY US-421) retail corridor with US 20 frontage, 1.5 miles north of the interchange of I-94 and US-421, just under 60 miles southeast of the Chicago Loop and 40 minutes west of South Bend. The property offers flexible land and building availability. Ace Hardware is committed to the trade area and is willing to downsize within the building or relocate within the development. The building can be converted to industrial office/warehouse use with direct access to a designated heavy haul road (US-20). It can be combined with adjacent lots for up to 16.46 acres of B-2 zoned property. The property is located within the Michigan City EDC, Mall, and Office Tower Property Redevelopment Project. The building is chiefly steel frame and masonry and features two loading docks in the southwest corner.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Michigan City
    County
    LaPorte
    State
    Indiana
    Longitude
    -86.904486
    Latitude
    41.719054

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    FAQs

    What type of property is this?
    Storefront property - 50,000+ sq. ft. building on 7.285 acres for sale.
    Where is this storefront property located?
    The property is located at 432 Saint John Rd Michigan City, IN.
    What is the asking price?
    The asking price for this property is $3,250,000.
    What are key features of this property?
    This property features: - High-traffic location on Franklin St. (HWY US-421) retail corridor with US-20 frontage; - Large 50,000+ sq. ft. building on 7.285 acres, suitable for retail or industrial/warehouse conversion; - Strategic location: 1.5 miles from I-94 interchange, near Chicago and South Bend
    (219) 508-0554
    Request Owner's contact information
    432 Saint John Rd 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
    432 Saint John Rd Michigan City, IN 46360
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