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Two-Story Office Building
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4987 W US Hwy 20, Michigan City, IN 46360

Two-story office building with 20 private offices, multiple restrooms, and 33 parking spaces on 4.27 acres.

Property SizeContact for details
Days on Market120

Property Features for 4987 W US Hwy 20

General Information

Standard status Active
Property subtype Office, Land
Listing Agency: CENTURY 21 Alliance Group
Listed By: Nick Sommer · License #IN
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 22 at 2:42AM

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 CENTURY 21 Alliance Group

Investment Insights

Based on property information with market context.

This two-story office building totals 10,144 SF and is separately metered, offering flexibility for an owner-user or for leasing to separate tenants. Inside, the space includes 20 private offices, three conference rooms, four private restrooms, a break room with kitchen, a server room, and multiple storage rooms.

The property is located on US Hwy 20 and sits on 4.27 acres. It currently provides 33 parking spaces.

For tax context, 2021 Pay 2022 taxes were $6,168.44. The building is positioned for straightforward showings by appointment.

Key Highlights

  • 10,144 SF, two‑story office building located on Hwy 20, less than 10 minutes from downtown Michigan City
  • Separately metered building with potential to be divided and leased to separate tenants
  • Includes 20 private offices, 3 conference rooms, and a break room with kitchen

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Parking Lot & Garage Furniture & Home Goods Catering Service Grocery & Convenience Store Law Firm Restaurant

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

40
Businesses Nearby

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

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Two-story office building with 20 private offices, multiple restrooms, and 33 parking spaces on 4.27 acres.
Where is this office building located?
The property is located at 4987 W US Hwy 20 Michigan City, IN.
What are key features of this property?
This property features: 10,144 SF, two‑story office building located on Hwy 20, less than 10 minutes from downtown Michigan City; Separately metered building with potential to be divided and leased to separate tenants; Includes 20 private offices, 3 conference rooms, and a break room with kitchen
(219) 462-2090 Call to check price and availability
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