Flex Space with Office
New
For Sale
$1,799,999
9782 W 300 N, Michigan City, IN 46360
Commercial Sale, Michigan City, IN
Property Size7,920 SF
Lot Size1.00 Acre
Price / SF$227.27
Days on Market3
Property Features for 9782 W 300 N
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Parking
25
Interior features
Entrance Foyer, Country Kitchen, Vaulted Ceiling(s), Granite Counters
Appliances
Microwave, Water Heater, Refrigerator
Lot features
Paved
Directions
Exit 34 Head South on 421 toward county road 300 N
Standard status
Active
APN
460521100017000046
Size
7,920 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2025
Tax Description
11-05-21-100-017 NE COR NW1/4 NW 1/4 S21 T37 R 4 1AC
Tax Annual Amount
686
Legal Description
11-05-21-100-017 NE COR NW1/4 NW 1/4 S21 T37 R 4 1AC
Utilities
Utilities
Water Available
Sewer type
Septic Tank
Heating system
Forced Air
Water source
Well
Building Details
Year built
2025
Listing Agency:
Seramur Properties, LLC
(219) 548-8800
Listed By:
Alisha Fowler
(219) 508-4142
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 22 at 10:06AM
MLS# 847098
Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 7,920-square-foot flex property occupies 1 acre and is under construction, with a listed year built of 2025. Approximately 1,500 square feet is designated for office use, alongside a kitchen and three bathrooms. The industrial portion includes 18-foot ceilings and commercial overhead garage doors.
Water is available to the property, which is served by a well and septic tank. The site is at 9782 W 300 N in Michigan City, Indiana.
Water is available to the property, which is served by a well and septic tank. The site is at 9782 W 300 N in Michigan City, Indiana.
Key Highlights
- 7,920‑square‑foot building on 1 acre
- Approximately 1,500 square feet of office space
- 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.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Lease Details
18 ft
Clear height
Location Intelligence
Trade Area within ½ mile
36
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - A dedicated office component complements substantial industrial workspace and an overhead-door garage 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 building on 1 acre; Approximately 1,500 square feet of office space; 18‑foot ceilings in the industrial workspace
