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Michigan City Development Opportunity
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US 20 and US 35, Michigan City, IN 46360

Multiple parcels available for development along a major transportation corridor.

Property SizeContact for details
Lot Size124.36 Acres
Days on Market1507

Property Features for US 20 and US 35

General Information

Standard status Active
Lot size 124.36 Acres
Property subtype Land
Zoning B-1
Listing Agency: NAI Cressy - Mishawaka
Listed By: Roy Roelke · License #IN RB14051091
Source: Crexi
Added: Jul 7, 2022 Changed: Aug 8 Last Checked: Aug 20 at 6:18AM

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 NAI Cressy - Mishawaka

Investment Insights

Based on property information with market context.

Located along the U.S. 20/U.S. 35 corridor, with access to Indiana Highway 212, this property includes three separate parcels available for sale and ready for development. The zoning includes industrial and manufacturing, retail/office, residential, and agricultural. The area is serviced by the Michigan City Airport and South Shore Freight Line Railroad and is located less than one mile west from the U.S. 20/I-94 interchange. The property is in a Tax Increment Financing (TIF) District and within a 15 minute, 4-lane state highway drive of two large new manufacturing and technology projects currently being developed in New Carlisle, IN. The South Shore Freight Railroad serves as the southern border for the 124.36 acre parcel and could provide rail service to large scale users including manufacturing and distribution. Located in northwest Indiana, the property has excellent proximity to the I-94, SR 212 interchanges and the Toll Road. I-94 is a major transportation artery and critical in the delivery of goods throughout the Midwest. US 20/US 35 is the main transportation corridor serving the northern portion of Michigan City and Northern Indiana. These highways are also the direct routes to local establishments such as Blue Chip Casino, Lighthouse Place and primary hospital. Traffic counts from the I-94 interchange west along US 20/US 35 average 24,000 to 25,000 daily. Additionally, over 365,000 trucks pass through the I-65, I-94, I-80/90 corridor area each day to the various regions each one of these interstates services. The site has the potential to be a big box warehouse or another type of transportation facility for the heavily trafficked I-94 corridor.

Key Highlights

  • Strategic location less than one mile from the U.S. 20/I‑94 interchange, providing excellent access to a major transportation artery.
  • Zoned for industrial, manufacturing, retail/office, residential, and agricultural uses, offering diverse development possibilities.
  • Located in a Tax Increment Financing (TIF) District, potentially offering financial incentives.

Property Analytics

Current Use

Industrial land

Location Intelligence

Trade Area within ½ mile

356
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 Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Land - Multiple parcels available for development along a major transportation corridor.
Where is this land located?
The property is located at US 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: Strategic location less than one mile from the U.S. 20/I‑94 interchange, providing excellent access to a major transportation artery.; Zoned for industrial, manufacturing, retail/office, residential, and agricultural uses, offering diverse development possibilities.; Located in a Tax Increment Financing (TIF) District, potentially offering financial incentives.
(574) 271-4060 Call to check price and availability
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