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Specialty Property with Workshop
New
For Sale
$250,000

1503 N Michigan Street, Plymouth, IN 46563

COMMERCIAL, Plymouth, IN

Property SizeContact for details
Lot Size0.41 Acres
Days on Market3

Property Features for 1503 N Michigan Street

General Information

Property type Commercial Sale
Property subtype Other
Rooms Basement
Fencing Chain Link
Lot features City
Directions North Michigan St across from Centennial Park
Subdivision Marshall County
Standard status Active
APN 50-42-92-301-027.000-019
Lot size 0.41 Acres

Additional Details

Property Use Commercial

Taxes and HOA fees

Tax Year 2026
Tax Description TR LND NLN SW1/4 12 MRL W MR125'
Tax Annual Amount 1821
Legal Description TR LND NLN SW1/4 12 MRL W MR125'

Utilities

Cooling system Central Air

Building Details

Year built 1920
Flooring type Wood, Carpet, Concrete
Roof type Shingle
Buildings 2
Listing Agency: COLLINS and CO REALTORS - PLYMOUTH
Listed By: Chris Collins · License #RB14008087
Added: Nov 4 Changed: Nov 5 Last Checked: Nov 6 at 12:06PM
MLS# 202645668

Copyright © 2026 North Central Indiana Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This business-use property comprises two buildings on 0.41 acres. The 1,800-square-foot structure includes a garage and workshop area, two overhead doors, and a shingle roof replaced 2 years ago. A separate 864-square-foot building has a full basement. Central air conditioning and wood, carpet, and concrete flooring are listed among the property features.

A large parking area serves the site, which is restricted to business use; residential occupancy and residential rentals are not permitted.

Key Highlights

  • Two buildings on a 0.41‑acre property
  • 1,800‑square‑foot main building with garage‑workshop space and two overhead doors
  • Separate 864‑square‑foot building with a full basement

Property Analytics

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Current Use

Specialty properties

Suggested Use

Top Pick Skin Care Clinic HVAC Service Locksmith (Bike/Boat/Book/etc) Store Catering Service Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

264
Businesses Nearby

Demographics for 46563, IN

22,977
Population
10,031
Households
2.3
Avg Household Size
41
Median Age
21%
College-Educated
88%
High-School Grad
153.1 sq mi
ZIP Area
150
Density / Sq Mi
$69,205
Median Household Income
$42,119
Median Earnings
$952
Median Rent
$179,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions

What type of property is this?
Specialty property - Two buildings provide business-use space, including a garage-workshop and a separate structure with a full basement.
Where is this specialty property located?
The property is located at 1503 N Michigan Street Plymouth, IN.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two buildings on a 0.41‑acre property; 1,800‑square‑foot main building with garage‑workshop space and two overhead doors; Separate 864‑square‑foot building with a full basement
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