Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    750 Michigan St New Carlisle, IN 46552

    For Sale
    $5,150,500

    Multi-use acreage, ideal location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional 145.64-acre property, identified by APN 71-01-34-151-004.00, presents a unique investment opportunity in New Carlisle, Indiana. Located at 750 W Michigan, this expansive land parcel boasts significant frontage on Michigan Street/US Highway 20, offering unparalleled visibility and accessibility. The property's zoning allows for diverse uses, catering to commercial, residential, and agricultural ventures. Its strategic location places it within the highly-rated New Prairie school district, providing a desirable attribute for residential development. Furthermore, its proximity to Northwest Indiana, South Bend, and the attractive lake towns of Southwest Michigan enhances its appeal and potential for growth. The land is comprised of eight separate parcels, providing flexibility for development or subdivision. This is a rare opportunity to acquire a substantial land holding with significant potential in a thriving area. The asking price for this remarkable property is $5,150,500. Detailed information and survey data are available upon request.

    Property Features for 750 Michigan St

    General Information

    Property type
    Farms
    Lot Size
    6,344,078 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    New Carlisle
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.4794359
    Latitude
    41.72678

    Nearby Comparable

    • $15,159,950
      233.00 Acres

      Prime 233-Acre Indiana Land

      Agricultural, Commercial, Residential development opportunity.
      & Chicago Cor Spruce Rd, New Carlisle, IN 46552
      View Details
    • $1,300,000

      New Carlisle Restaurant - $1.3M

      Established Restaurant, Ample Parking, Extra Lot Included
      0 Us-20, New Carlisle, IN 46552
      View Details
    • $75,000
      1.50 Acres

      New Carlisle Homesite: 1.5 Acres

      Wooded 1.5-acre lot, New Prairie schools.
      54250 Wintergreen Rd, New Carlisle, IN 46552
      View Details
    • $2,434,770
      62.43 Acres

      62 Acres New Carlisle Land

      Prime residential land, New Prairie schools.
      54651 Wintergreen Rd, New Carlisle, IN 46552
      View Details
    • $270,000
      0.12 Acres

      Hardware Store in Historic Downtown

      Established hardware store with retail space and rental apartment.
      123 E Michigan St, New Carlisle, IN 46552
      View Details
    • $475,000
      1,656 SF

      Mixed-Use Building with Drive-Thru

      Former bank building in downtown New Carlisle with drive-thru.
      118 E Michigan St, New Carlisle, IN 46552
      View Details

    Nearby Similar for Sale

    • $475,000
      1,656 SF

      Mixed-Use Building with Drive-Thru

      Former bank building in downtown New Carlisle with drive-thru.
      118 E Michigan St, New Carlisle, IN 46552
      View Details
    • $270,000
      0.12 Acres

      Hardware Store in Historic Downtown

      Established hardware store with retail space and rental apartment.
      123 E Michigan St, New Carlisle, IN 46552
      View Details
    • $1,300,000

      New Carlisle Restaurant - $1.3M

      Established Restaurant, Ample Parking, Extra Lot Included
      0 Us-20, New Carlisle, IN 46552
      View Details

    FAQs

    What type of property is this?
    Farm - Multi-use acreage, ideal location.
    Where is this farm located?
    The property is located at 750 Michigan St New Carlisle, IN.
    What is the asking price?
    The asking price for this property is $5,150,500.
    Request Owner's contact information
    750 Michigan St New Carlisle, IN 46552
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    750 Michigan St
    New Carlisle, IN 46552
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    750 Michigan St New Carlisle, IN 46552
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.