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Michigan City Office Building Opportunity
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126 E 4th St, Michigan City, IN 46360

Former bank building ideal for office, medical, or call center.

Property Size23,166 SF
Days on Market684

Property Features for 126 E 4th St

General Information

Standard status Active
Size 23,166 SF
Class A
Property subtype Office
Investment Type Owner/User

Building Details

Buildings 1
Stories 2
Units 3
Listing Agency: Ascend Real Estate Advisors
Listed By: Vladimir Ganz · License #INNN
Source: Crexi
Added: Oct 15, 2024 Changed: Aug 16 Last Checked: Aug 25 at 10:15PM

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 Ascend Real Estate Advisors

Investment Insights

Based on property information with market context.

This former bank building presents an ideal opportunity for an office user, medical user, or call center. The property is situated in the newly re-developed North corridor of Michigan City, benefiting from the presence of numerous restaurants in the vicinity. The surrounding area is experiencing new developments, including a large multi-family building just South of this location. A new condo/hotel project is planned a block down the street, featuring 170 luxury condos and 18 townhomes, along with restaurants and shopping. Michigan City is located approximately 50 miles east of Chicago, Illinois, and about 40 miles west of South Bend, Indiana. Its location near Lake Michigan provides access to waterfront views and beaches. Michigan City is located near the Indiana Dunes National Park, known for its scenic dunes, diverse ecosystems, hiking trails, and miles of beaches. Washington Park, located along the lakefront, includes a beach, marina, zoo, and public art. The Michigan City East Light is a popular photo spot and a symbol of the city. Washington Park Zoo features over 90 species of animals. Lighthouse Place Premium Outlets attract visitors from the region. Barker Mansion offers a glimpse into the lavish lifestyle of the early 20th century. Blue Chip Casino attracts tourists seeking entertainment, gaming, and fine dining options. The property has a size of 23166 square feet.

Key Highlights

  • Ideal for office, medical, or call center use thanks to its former bank structure.
  • Located in the re‑developed North corridor of Michigan City.
  • Proximity to new developments, including a large multi‑family building and a condo/hotel project with restaurants and shopping.

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Auto Parts Store HVAC Service Electrical Service Computer & Electronic Repair Auto Repair Shop Locksmith

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

853
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 - Former bank building ideal for office, medical, or call center.
Where is this office building located?
The property is located at 126 E 4th St Michigan City, IN.
What are key features of this property?
This property features: Ideal for office, medical, or call center use thanks to its former bank structure.; Located in the re‑developed North corridor of Michigan City.; Proximity to new developments, including a large multi‑family building and a condo/hotel project with restaurants and shopping.
More about this property
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