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    402 W Us Highway 20 Michigan City, IN 46360

    For Sale
    $1,125,000

    Commercial property with ample parking and highway frontage available for sale.

    Property size:
    3,955 SF
    Lot size:
    3.34 Acres

    Property Features for 402 W Us Highway 20

    General Information

    Size
    3,955 SF
    Lot size
    3.34 Acres

    Source: NAI Cressy Commercial Real Estate - Corporate Agent Christopher Barth

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

    Overview

    Michigan City Commercial Property For Sale

    This commercial property is located a few minutes from busy Franklin Street in Michigan City. The property benefits from municipal water and sewer services. Situated on Highway 20, a part of the United States Numbered Highway System, the location offers significant exposure. It features ample parking with 45,700 square feet of paved area. Zoned B-2 General Commercial District, the property also allows for B-1 Neighborhood Commercial District uses. The site is suitable for a commercial use such as a restaurant, retail space, or hotel. The property is part of a portfolio that includes extra acres for further development. The building size is 3,955 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -86.900611
    Latitude
    41.680336

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    FAQs

    What type of property is this?
    Retail space - Commercial property with ample parking and highway frontage available for sale.
    Where is this retail space located?
    The property is located at 402 W Us Highway 20 Michigan City, IN.
    What is the asking price?
    The asking price for this property is $1,125,000.
    What are key features of this property?
    This property features: - Excellent location near Franklin Street in Michigan City.; - Ample parking: **45,700 square feet paved parking.**; - Zoned B-2 General Commercial District, allowing for various commercial uses (restaurant/retail/hotel).
    (574) 485-1553
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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
    402 W Us Highway 20 Michigan City, IN 46360
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