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    4421 Franklin St Michigan City, IN 46360

    For Sale
    Contact for pricing

    1.2-Acre Development Site, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 1.2-acre commercial land parcel presents a unique investment opportunity in Michigan City, Indiana. Situated at 4421 Franklin St, this property boasts a highly desirable location within a major regional retail corridor, offering unparalleled accessibility and visibility. Its strategic placement provides easy access to I-94, ensuring high traffic volume and convenient access for customers and employees. The site is part of the Michigan City Town Center, representing the largest concentration of retail businesses within a 25-mile radius, surrounded by significant traffic generators. This prime location offers substantial potential for a variety of commercial developments, making it an ideal site for businesses seeking high visibility and strong customer traffic. The property is designated as an anchor building pad, perfect for a flagship store or a large-scale commercial project. This is a rare opportunity to acquire a substantial land parcel in a thriving retail hub, offering significant long-term growth potential. The address is 4421 Franklin St, Michigan City, IN 46360, in LaPorte County. The property's latitude and longitude coordinates are 41.6713266, -86.8954839 respectively. This is a for-sale opportunity.

    Property Features for 4421 Franklin St

    General Information

    Property type
    Land
    Lot Size
    52,272 SF

    HighLights

    • 1.2‑acre commercial land parcel for sale.
    • Strategically located in Northern Indiana.
    • Excellent I‑94 accessibility.
    • Prime retail location, largest concentration within a 25‑mile radius.
    • High traffic volume area with major traffic generators nearby.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gordon Food Service ... Grocery Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Michigan City
    County
    LaPorte
    State
    Indiana
    Longitude
    -86.8954839
    Latitude
    41.6713266

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    FAQs

    What type of property is this?
    Land - 1.2-Acre Development Site, Prime Location
    Where is this land located?
    The property is located at 4421 Franklin St Michigan City, IN.
    What are key features of this property?
    This property features: 1.2-acre commercial land parcel for sale.; Strategically located in Northern Indiana.; Excellent I-94 accessibility.
    Request Owner's contact information
    4421 Franklin St 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
    4421 Franklin St Michigan City, IN 46360
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