Modern Commercial Space on 4.5 Acres

9856 W 400 N, Michigan City, IN 46360

View on Map

For Sale

$899,900

Modern, flexible commercial space with room to grow near Highway.

Type:Commercial/Industrial

Property size:

3,069 SF

Lot size:

4.35 Acres

Price / SF:

$293/SF

HighLights

Prime location with high visibility near Highway 421 and I‑94, providing easy access to Chicago and Northwest Indiana.
Flexible space suitable for various professional uses, including medical, dental, veterinary, or banking.
Functional layout featuring multiple patient rooms, a large lobby, lab, and break room.
Ample room for future expansion on just under 4.5 acres.
20+ parking spaces available.
Contemporary design creating a sophisticated and welcoming environment.

We can help!

Contact an agent

Stacey Matthys

For Sale

$899,900

Modern, flexible commercial space with room to grow near Highway.

Type:Commercial/Industrial

Property size:

3,069 SF

Lot size:

4.35 Acres

Price / SF:

$293/SF

Added:: Sep 25, 2024
Days on Market:: 651
Last Refresh:: Jun 28 at 11:56 am

Property Features for 9856 W 400 N

General Information

Standard status: Active
Size: 3,069 SF
Lot size: 4.35 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1998

We can help!

Contact an agent

Stacey Matthys

Listing office Brokerworks Group

Listing date Sep 25, 2024

Source Exitrealty

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 Brokerworks Group

HighLights

Prime location with high visibility near Highway 421 and I‑94, providing easy access to Chicago and Northwest Indiana.
Flexible space suitable for various professional uses, including medical, dental, veterinary, or banking.
Functional layout featuring multiple patient rooms, a large lobby, lab, and break room.
Ample room for future expansion on just under 4.5 acres.
20+ parking spaces available.
Contemporary design creating a sophisticated and welcoming environment.

Overview

This modern, flexible commercial space offers an exceptional opportunity to establish or expand your business. The property is ideally suited for an ophthalmology or dental office, veterinarian clinic, or bank, as well as other professional uses. The functional layout includes multiple patient rooms, a large lobby, lab, and break room, making it perfectly suited for one or two professionals. Situated on just under 4.5 acres, the property features 20+ parking spaces and ample room for future expansion. Its location near Highway 421 and I-94 provides easy access to Chicago and surrounding Northwest Indiana communities. Nearby dining and retail options enhance daily operations. The property's contemporary design creates a sophisticated and welcoming environment for both clients and staff. The property size is 3069 square feet.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$82.9k	$27.00
− Vacancy	−$3.2k	−$1.05
EGI	$79.6k	$25.95
− OpEx	−$19.9k	−$6.49
NOI	$59.7k	$19.46

3,069 SF · lease $27.00/SF/yr · vacancy 3.90% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$853.2K

$746.6K – $995.4K (±1% cap)

NOI $59,724 @ 7.0% cap · market cap 6.64%

Second Best

Healthcare Medical

$530.1K

$463.9K – $618.5K (±1% cap)

NOI $37,109 @ 7.0% cap · market cap 4.12%

Theoretical Best

—

same as Best Use

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

Property Profile Location Intelligence

Current Use by Public Records

Dr. Adam Sergiwa Pediatrician Lincoln Pediatrics Pc Pediatrician

Suggested Use

Location Insight

Map
Local Demand

City: Michigan City
County: LaPorte
State: Indiana
Longitude: -86.893002
Latitude: 41.66553

Nearby Similar for Sale

$749,000

3,960 SF

Remodeled Office Building with Parking

Move-in ready office building with ADA access, skylit interior, and a 27-space private parking lot.

2814 Franklin Street, Michigan City, IN 46360

View Details
$2,500,000

11,634 SF

Move-In Ready Event Space

Turnkey event venue with flexible layout, furnishings and equipment included, ready for immediate operations in downtown Michigan City.

907 Franklin Street, Michigan City, IN 46360

View Details
$1,075,000

4,702 SF

Versatile Commercial Property in Michigan City

4,702 SF commercial property on 0.79 acres in Michigan City.

3417 Franklin Street, Michigan City, IN 46360

View Details
$529,000

5,737 SF

Mixed-Use Retail and Residential Building

Mixed-use property with street-level retail, two apartments, and a carriage house, with recent exterior and mechanical updates.

1115 Franklin Street, Michigan City, IN 46360

View Details
$675,000

1,712 SF

Turnkey Restaurant With Rental Home

Fully equipped restaurant with bar and patio plus a separate two-bedroom home for owner use or extra rental income.

615 E In-212, Michigan City, IN 46360

View Details
$250,000

1,170,512 SF

Two-Building Commercial Parcel

Two-building commercial parcel on a 3-way corner, zoned B-2 and ready for a new owner’s buildout vision.

2702 W Dunes Highway, Michigan City, IN 46360

View Details
$750,000

1,712 SF

Michigan City Commercial Property For Sale

Commercial property for sale in Michigan City, Indiana.

615 E Indiana 212, Michigan City, IN 46360

View Details
$369,900

2,544 SF

Office Building with Upstairs Apartment

Well-kept office building with multiple enclosed offices, conference areas, and a two-bedroom apartment for added flexibility.

2710 Franklin Street, Michigan City, IN 46360

View Details
$1,075,000

4,702 SF

High-Visibility Commercial Redevelopment Opportunity

4,702 SF property with redevelopment potential in a prime location.

3417 Franklin Street, Michigan, City, IN 46360

View Details
$599,900

Michigan City Multifamily Airbnb Property

Established Airbnb near Lake Michigan and downtown Michigan City.

116 Fogarty Street, Michigan City, IN 46360

View Details
$149,999

2,184 SF

Michigan City Multi-Family Property

Two-unit property with four bedrooms and three baths.

115 Greenwood Avenue, Michigan City, IN 46360

View Details
$529,000

Mixed-Use Building with Street Retail

Fully leased mixed-use property with street-level retail, two apartments, and a carriage house in downtown Michigan City.

1115 Franklin Street, Michigan City, IN 46360

View Details

What type of property is this?

Medical Office Space - Modern, flexible commercial space with room to grow near Highway.

Where is this medical office space located?

The property is located at 9856 W 400 N Michigan City, IN.

What is the asking price?

The asking price for this property is $899,900.

What are key features of this property?

This property features: Prime location with high visibility near Highway 421 and I‑94, providing easy access to Chicago and Northwest Indiana.; Flexible space suitable for various professional uses, including medical, dental, veterinary, or banking.; Functional layout featuring multiple patient rooms, a large lobby, lab, and break room.