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

    1551 Woodland Ave Michigan City, IN 46360

    For Sale
    Contact for pricing

    21,044 SF Office Building, 2 Units

    Property size:
    21,044 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This single-story, 21,044-square-foot office building presents a compelling investment opportunity. Situated on a 2.5-acre lot in Michigan City, Indiana, this property offers versatile space suitable for creative, medical, or traditional office uses. Originally constructed in 1972 and renovated in the early 2000s, the building features two units, with 10,838 square feet currently available for lease. The property benefits from a General Commercial zoning designation, allowing for a range of potential uses. Its convenient location in Michigan City, a vibrant town on the south shore of Lake Michigan, offers easy access to I-94 and the Indiana Toll Road (80/90), providing excellent connectivity to the Midwest and beyond. The city's proximity to Chicago and South Bend further enhances its appeal. This property is ideal for investors seeking a well-maintained, adaptable office space in a strategically located market. The building's size and zoning provide flexibility for various business models and future expansion. Detailed financial information is available upon request.

    Property Features for 1551 Woodland Ave

    General Information

    Property type
    Medical offices
    Square Feet
    21,044 SF
    Lot Size
    108,900 SF

    Building Details

    Year Built/Renovated
    1972/2000
    Buildings
    1
    Stories
    1
    Units
    2

    HighLights

    • General commercial property totaling 21,044 square feet available for lease.
    • 10,838 square feet currently available.
    • 2.5‑acre site.
    • Built in 1972, renovated in the early 2000s.
    • Zoned General Commercial.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    La Porte County, ... State Government Office Best Insurance IN Insurance Agency

    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
    -86.875659912624
    Latitude
    41.68809493744

    Nearby Similar for Sale

    • $620,000
      2,881 SF

      Commercial Space in Downtown

      Adaptable commercial space in the heart of Michigan City.
      600 Wabash St, Michigan City, IN 46360
      View Details
    • $224,900
      0.13 Acres

      Renovated Duplex in Michigan City

      Fully renovated 2-unit property with modern updates and rental potential.
      208 E Barker Ave, Michigan City, IN 46360
      View Details
    • New
      $300,000
      0.28 Acres

      Michigan City Investment Property

      Four-unit multifamily property in Michigan City, Indiana.
      401 E Garfield St, Michigan City, IN 46360
      View Details
    • $1,600,000
      21,730 SF

      Mixed-Use Property Near Chicago Train

      Mixed-use property near train to Chicago with development potential.
      710 Franklin St, Michigan City, IN 46360
      View Details
    • $2,000,000
      34,574 SF

      Truck Terminal and Dispatch Site

      10-acre truck terminal with three buildings for sale.
      20 1111, Michigan City, IN
      View Details
    • $2,698,000
      79,052 SF

      Versatile Sports Complex for Sale

      79,052 SF sports complex adaptable to industrial uses.
      301 W Kieffer Rd, Michigan City, IN 46360
      View Details

    FAQs

    What type of property is this?
    Medical office - 21,044 SF Office Building, 2 Units
    Where is this medical office located?
    The property is located at 1551 Woodland Ave Michigan City, IN.
    What are key features of this property?
    This property features: General commercial property totaling 21,044 square feet available for lease.; 10,838 square feet currently available.; 2.5-acre site.
    Request Owner's contact information
    1551 Woodland Ave Michigan City, IN 46360
    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.
    1551 Woodland Ave
    Michigan City, IN 46360
    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
    1551 Woodland Ave Michigan City, IN 46360
    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.