Michigan City Commercial Land
For Sale
$1,050,000
W 400 N, Michigan City, IN 46360
LAND - Michigan City, IN
Property SizeContact for details
Lot Size21.81 Acres
Days on Market496
Property Features for W 400 N
General Information
Property type
Land
Property subtype
Other
Zoning description
Commercial
Subdivision
Coolspring Township
Directions
From I-94 Head North on Franklin St (421). Turn Right on 400 N. Property is to the South across from Walmart
Standard status
Active
APN
460516126001000046
Lot size
21.81 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Legal Description: 11-05-16-126-001 W 1/2 OF NE 1/4 NW 1/4 S16 T37 R4. 21.814 AC
Tax Annual Amount
541
Legal Description
Legal Description: 11-05-16-126-001 W 1/2 OF NE 1/4 NW 1/4 S16 T37 R4. 21.814 AC
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Water source
Public
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(269) 469-3950
Listed By:
Zane Galloway · License #6501434991
(219) 707-9282
Added: Apr 10, 2025
Changed: May 14
Last Checked: Aug 18 at 6:06PM
MLS# 818882
Copyright © 2026 Greater Northwest 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.
Investment Insights
Based on property information with market context.
This 21.814-acre parcel is located off I-94 and U.S. 421 (Franklin St) in Michigan City, Indiana. The property is zoned B-3 Highway Commercial. New development surrounds the area, including a new hospital by Franciscan Health. The location offers two frontages of over 700 feet each. The northern front faces Walmart, while the southern front sits across from Duneland Dialysis. The property is suitable to build on the entire parcel or divide and make use of the two fronts. Hotels, medical facilities, gas stations, and convenience stores all flourish in this high-traffic area. Preliminary survey work has been done on a proposed subdivision into 6 parcels of about 3.5 acres each. Each parcel is available for individual purchase. I-94 Traffic count exceeds 45,000 daily. Located in the I-94 TIF District. Two additional, adjacent sites are available for a combined 32.58 acres. Water, sewer, gas, and electric are available at the street.
Key Highlights
- Prime location off I‑94 and U.S. 421 in the Southern corridor to Michigan City
- Zoned B‑3 Highway Commercial, suitable for hotels, medical facilities, gas stations, and convenience stores
- Located in the I‑94 TIF District
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
532
Businesses Nearby
Explore this area
Business Placement
Demographics for 46360, IN
44,209
Population
21,652
Households
2
Avg Household Size
42
Median Age
23%
College-Educated
90%
High-School Grad
76.6 sq mi
ZIP Area
577
Density / Sq Mi
$59,641
Median Household Income
$36,738
Median Earnings
$924
Median Rent
$155,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 21.814 acres of commercial land in Michigan City, IN.
Where is this commercial land located?
The property is located at W 400 N Michigan City, IN.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Prime location off I‑94 and U.S. 421 in the Southern corridor to Michigan City; Zoned B‑3 Highway Commercial, suitable for hotels, medical facilities, gas stations, and convenience stores; Located in the I‑94 TIF District
