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    432 St John Rd Michigan City, IN 46360

    For Lease
    $5 SF/Yr

    50,000 SF Warehouse/Flex Available

    Lot size:
    50,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 50,600-square-foot commercial property, located at 432 St. John Rd in Michigan City, Indiana, presents a unique investment opportunity. The building, zoned B-2, offers a flexible layout ideal for a variety of industrial, retail, or showroom uses. Currently, 50,000 square feet is available for lease in a single-tenant configuration. The property boasts a substantial 7.28-acre lot, providing ample space for expansion, loading, and parking. The building's classification as both flex and warehouse space allows for diverse operational needs. Its location in Michigan City, Indiana, zip code 46360, offers convenient access to major transportation routes, enhancing logistical efficiency. The property's size and versatility make it suitable for businesses requiring significant space and flexibility. This is a rare opportunity to secure a large, well-situated commercial property in a thriving Indiana market. The property is ready for immediate occupancy, offering a significant advantage for businesses seeking a quick and efficient transition. Interested parties should inquire promptly to secure this exceptional space.

    Property Features for 432 St John Rd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    50,600 SF
    Total Rate
    25089.17

    Unit(s) available at that property

    Space
    Available Space
    Size
    50,000 SF
    Rate per SF
    $5

    HighLights

    • 7.285‑acre site with US‑20 frontage offering up to 50,000+ sq. ft. of leasable space in the Franklin St. corridor.
    • Convertible to industrial/office‑warehouse use with direct US‑20 heavy haul road access.
    • 1.5 miles north of I‑94/US‑421 interchange; ~60 miles southeast of Chicago's Loop; 40 minutes west of South Bend.
    • Flexible building and land options; existing Ace Hardware tenant open to downsizing or relocation.
    • Expandable to 16.46 acres via adjacent lot combination (B‑2 zoning).
    • Situated within Michigan City's EDC and Office Tower Property Redevelopment Project.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    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
    -86.9012016
    Latitude
    41.6824499

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    FAQs

    What type of property is this?
    Individual retail property - 50,000 SF Warehouse/Flex Available
    Where is this individual retail property located?
    The property is located at 432 St John Rd Michigan City, IN.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: 7.285-acre site with US-20 frontage offering up to 50,000+ sq. ft. of leasable space in the Franklin St. corridor.; Convertible to industrial/office-warehouse use with direct US-20 heavy haul road access.; 1.5 miles north of I-94/US-421 interchange; ~60 miles southeast of Chicago's Loop; 40 minutes west of South Bend.
    Request Owner's contact information
    432 St John Rd Michigan City, IN 46360
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    Michigan City, IN 46360
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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
    432 St John Rd Michigan City, IN 46360
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