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    20 And Us 35 Michigan City, IN 46360

    For Sale
    $277,820

    5.8 Acres, Prime Location, B-1 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 5.8-acre commercial land parcel, located in Michigan City, Indiana, presents a unique development opportunity. Situated at the intersection of US 20 and US 35, this property boasts convenient access to Indiana Highway 212 and is less than a mile from the US 20/I-94 interchange. The site benefits from its strategic location within a Tax Increment Financing (TIF) District, offering potential tax advantages. Zoned B-1, the land allows for a variety of uses, including industrial, manufacturing, retail, office, and agricultural development. The property's proximity to the Michigan City Airport and South Shore Freight Line Railroad provides significant logistical advantages. Furthermore, its location within a 15-minute drive of major manufacturing and technology projects in New Carlisle, IN, enhances its appeal. The high daily traffic counts on US 20/US 35 (24,000-25,000 vehicles) and the proximity to I-94, a major Midwest transportation artery, underscore the property's exceptional potential for a variety of commercial uses, including large-scale warehousing or distribution facilities. The South Shore Freight Railroad borders the property, offering potential rail service. The property consists of three separate parcels ready for immediate development. This location offers easy access to local amenities such as Blue Chip Casino, Lighthouse Place, and a primary hospital. The asking price is $277,820. The APN is 46-01-36-301-003.000-022.

    Property Features for 20 And Us 35

    General Information

    Property type
    Land
    Lot Size
    252,648 SF

    HighLights

    • $277,820 asking price for 5.8 acres of commercial land.
    • B‑1 zoning permits diverse uses.
    • Located in a Tax Increment Financing (TIF) District.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Michigan City
    County
    LaPorte
    State
    Indiana
    Longitude
    -86.804914
    Latitude
    41.6929114

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    FAQs

    What type of property is this?
    Land - 5.8 Acres, Prime Location, B-1 Zoning
    Where is this land located?
    The property is located at 20 And Us 35 Michigan City, IN.
    What is the asking price?
    The asking price for this property is $277,820.
    What are key features of this property?
    This property features: $277,820 asking price for 5.8 acres of commercial land.; B-1 zoning permits diverse uses.; Located in a Tax Increment Financing (TIF) District.
    (574) 485-1537
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    20 And Us 35 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
    20 And Us 35 Michigan City, IN 46360
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