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    301 Kieffer Rd Michigan City, IN 46360

    Sponsored
    For Sale
    $3,300,000

    79,052 SF Industrial Space, $3.3M

    Property size:
    79,052 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 79,052-square-foot industrial property in Michigan City, Indiana, presents a unique investment opportunity. Comprising three single-story buildings on a 7.49-acre lot (APN: 46-05-08-477-024.000-009), this adaptable space is zoned B-2 and offers significant potential for various industrial uses. Currently configured as a sports complex, the layout easily converts to light industrial, distribution, logistics, or warehousing. The property boasts a 24-38 foot ceiling height, providing ample vertical space. Existing infrastructure is in excellent condition, minimizing necessary capital improvements. One at-grade and eight truck-level loading docks are available, with expansion potential. The property features monument signage and is easily subdividable. Its strategic location less than 0.25 miles from I-94's US 421 exit and less than 0.5 miles from US 20, plus its proximity to I-80/90, provides unparalleled access to major transportation arteries, making it ideal for servicing the Great Lakes Region and the Midwest. This location is considered one of the top in North America for efficient distribution across a large population base. The asking price is $3,300,000, with a price per square foot of $41.74. Built in 1976, this property offers a blend of established infrastructure and high growth potential.

    Property Features for 301 Kieffer Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    79,052 SF
    Lot Size
    326,264 SF

    Building Details

    Year Built
    1976
    Buildings
    3
    Stories
    1

    HighLights

    • Excellent I‑94/US 421 access, less than 0.25 miles from the exit and under 0.5 miles from US 20.
    • Five miles to I‑80/90 Toll Road.
    • Strategic Midwest and Great Lakes distribution location.
    • Prime location for efficient, widespread delivery across North America.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -86.89671017
    Latitude
    41.66585174

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    FAQs

    What type of property is this?
    Distribution property - 79,052 SF Industrial Space, $3.3M
    Where is this distribution property located?
    The property is located at 301 Kieffer Rd Michigan City, IN.
    What is the asking price?
    The asking price for this property is $3,300,000.
    What are key features of this property?
    This property features: Excellent I-94/US 421 access, less than 0.25 miles from the exit and under 0.5 miles from US 20.; Five miles to I-80/90 Toll Road.; Strategic Midwest and Great Lakes distribution location.
    Request Owner's contact information
    301 Kieffer Rd Michigan City, IN 46360
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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
    301 Kieffer Rd Michigan City, IN 46360
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