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    126 4Th St Michigan City, IN 46360

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    For Sale
    Contact for pricing

    Prime Location, 23,166 SF Office Space

    Property size:
    23,166 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A office building, totaling 23,166 square feet across three units in a single, two-story structure, is ideally situated in Michigan City, Indiana's revitalized North corridor. Occupancy is available October 15, 2024. Its former use as a bank makes it suitable for various office configurations, including executive suites, medical practices, or call centers. The building benefits from its proximity to numerous restaurants, and is surrounded by ongoing development, including a large multi-family complex to the south and a soon-to-be-constructed condo/hotel project featuring 170 luxury condos, 18 townhomes, restaurants, and shopping just a block away. Michigan City offers easy access to Chicago (50 miles) and South Bend (40 miles), along with the stunning Lake Michigan shoreline. Nearby attractions include Indiana Dunes National Park, Washington Park (complete with zoo and lighthouse), Lighthouse Place Premium Outlets, and the Barker Mansion. This location provides a unique blend of urban convenience and recreational opportunities, making it an attractive option for businesses and employees alike. The property presents a compelling owner/user investment opportunity in a thriving and rapidly developing area.

    Property Features for 126 4Th St

    General Information

    Property type
    Medical offices
    Square Feet
    23,166 SF
    Class
    A

    Building Details

    Buildings
    1
    Stories
    2
    Units
    3

    HighLights

    • 23,166 SF Class A office building in Michigan City, IN.
    • Suitable for executive, medical, or traditional office use; also ideal for call centers.
    • Located in a redeveloping area with nearby restaurants and new multi‑family and condo/hotel projects.
    • Conveniently located ~50 miles east of Chicago and ~40 miles west of South Bend, with proximity to Lake Michigan.
    • Close to Indiana Dunes National Park, Washington Park (including zoo and lighthouse), Lighthouse Place Premium Outlets, and Blue Chip Casino.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -86.9014404
    Latitude
    41.7189507

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    FAQs

    What type of property is this?
    Medical office - Prime Location, 23,166 SF Office Space
    Where is this medical office located?
    The property is located at 126 4Th St Michigan City, IN.
    What are key features of this property?
    This property features: 23,166 SF Class A office building in Michigan City, IN.; Suitable for executive, medical, or traditional office use; also ideal for call centers.; Located in a redeveloping area with nearby restaurants and new multi-family and condo/hotel projects.
    Request Owner's contact information
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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
    126 4Th St Michigan City, IN 46360
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