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    205 Woodcreek Dr Michigan City, IN 46360

    For Sale
    $1,900,000

    21,000 SF Warehouse, 6 Units, Indiana

    Property size:
    21,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 21,000-square-foot warehouse in Michigan City, Indiana, presents a compelling investment opportunity for owner-users. Located within an industrial park, this Class B property boasts six individual 3,500 square foot suites, each accessible via 12' overhead doors. Built in 2009, the single-story building sits on a 4.628-acre lot and features durable 6" concrete floors, energy-efficient LED lighting, and a gas-forced heating system. High ceilings, ranging from 14' to 16', and 30' column spacing provide ample operational space. The robust electrical system includes 3-phase, 800-amp service, easily accommodating significant power demands. Ample parking is provided with 49 spaces. The property is zoned Manufacturing 1, making it ideal for various manufacturing operations. This well-maintained building offers a blend of functionality and efficiency, making it an attractive option for businesses seeking to establish or expand their operations in a strategic location. The asking price is $1,900,000.

    Property Features for 205 Woodcreek Dr

    General Information

    Property type
    Distribution properties
    Square Feet
    21,000 SF
    Class
    B
    Lot Size
    201,596 SF

    Building Details

    Year Built
    2009
    Buildings
    1
    Stories
    1
    Units
    6

    HighLights

    • $1,900,000 asking price for this owner‑user industrial warehouse.
    • 21,000 square foot Class B warehouse on a 4.628‑acre lot in Michigan City, Indiana.
    • Single‑story building constructed in 2009 with six (6) industrial suites.
    • Features include 16' ceilings, six (6) 12' overhead doors, 6" concrete floors, and 3‑phase, 800‑amp electrical service.
    • Property includes 49 parking spaces and is zoned Manufacturing 1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Eldridge's ATA Martial ... Martial Arts School

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Michigan City
    County
    LaPorte
    State
    Indiana
    Longitude
    -86.840545232552
    Latitude
    41.696417887551

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    FAQs

    What type of property is this?
    Distribution property - 21,000 SF Warehouse, 6 Units, Indiana
    Where is this distribution property located?
    The property is located at 205 Woodcreek Dr Michigan City, IN.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: $1,900,000 asking price for this owner-user industrial warehouse.; 21,000 square foot Class B warehouse on a 4.628-acre lot in Michigan City, Indiana.; Single-story building constructed in 2009 with six (6) industrial suites.
    Request Owner's contact information
    205 Woodcreek Dr 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
    205 Woodcreek Dr Michigan City, IN 46360
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