Flex Space with Industrial
For Sale
$1,799,999
9782 W 300 N, Michigan City, IN 46360
A 2025-built facility pairs dedicated office amenities with substantial industrial work area.
Property Size7,920 SF
Price / SF$227.27
Days on Market14
Property Features for 9782 W 300 N
General Information
Standard status
Active
Size
7,920 SF
Property subtype
Commercial
Additional Details
Clear Height
18 ft
Building Details
Year Built
2025
Buildings
1
Listing Agency:
Seramur Properties, LLC
Listed By:
Alisha Fowler · License #RB16001172
(219) 241-4039
Source:
Nwindianahomesearcher
Added: Oct 17
Changed: Oct 25
Last Checked: Oct 28 at 8:59AM
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 Seramur Properties, LLC
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Investment Insights
Based on property information with market context.
This 7,920-square-foot flex facility, completed in 2025, combines industrial workspace with approximately 1,500 square feet of office area. Interior amenities include a kitchen and three bathrooms. The work area has 18-foot ceilings and commercial overhead garage doors, supporting a range of equipment, vehicle, storage, production, or operating needs.
The property occupies approximately one acre at 9782 W 300 N in Michigan City, Indiana.
The property occupies approximately one acre at 9782 W 300 N in Michigan City, Indiana.
Key Highlights
- 7,920‑square‑foot flex facility built in 2025
- Approximately 1,500 square feet of office area
- 18‑foot ceilings in the industrial workspace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,412
Cap Rate
5.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,048,240
$2.0M
Cap Rate 7%
$1,463,029
$1.5M
Cap Rate 9%
$1,137,911
$1.1M
Market Conditions
NOI Build-Up for 7,920 SF
Gross rent
$171.1K $21.60/SF
− Vacancy
−$13.5K −$1.71/SF
EGI
$157.6K $19.89/SF
− OpEx
−$55.1K −$6.96/SF
NOI
$102.4K $12.93/SF
Area
LaPorte County, IN
Vacancy
7.90%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,048,240
Cap Rate 7%
$1,463,029
Cap Rate 9%
$1,137,911
Alternative Uses
Best Use
Flex RnD
$1.46M
$1.28M – $1.71M
NOI $102,412 @ 7.0% cap · market cap 5.69%
Second Best
Warehouse
$522.8K
$457.4K – $609.9K
NOI $36,595 @ 7.0% cap · market cap 2.03%
Theoretical Best
Specialty Retail
$2.20M
$1.93M – $2.57M
NOI $154,125 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
18 ft
Clear height
Location Intelligence
Trade Area within ½ mile
158
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - A 2025-built facility pairs dedicated office amenities with substantial industrial work area.
Where is this flex space located?
The property is located at 9782 W 300 N Michigan City, IN.
What is the asking price?
The asking price for this property is $1,799,999.
What are key features of this property?
This property features: 7,920‑square‑foot flex facility built in 2025; Approximately 1,500 square feet of office area; 18‑foot ceilings in the industrial workspace
