Modern Commercial Space on 4.5
9856 W 400 N, Michigan City, IN 46360
Modern, flexible commercial space with room to grow near Highway.
Type:Commercial/Industrial
Property size:
3,069 SFLot size:
4.35 AcresPrice / SF:
$293/SF- Added:
- Mar 24, 2026
- Days on Market:
- 60
- Last Refresh:
- Feb 10 at 11:06 pm
Property Features for 9856 W 400 N
General Information
- Standard status
- Active
- Size
- 3,069 SF
- Lot size
- 4.35 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1998
Listing agent Stacey Matthys License #RB14038624
Listing office Brokerworks Group (219) 786-7000
Listing date Mar 24, 2026
Source Exitrealty
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 Brokerworks Group
HighLights
- Prime location with high visibility near Highway 421 and I‑94, providing easy access to Chicago and Northwest Indiana.
- Flexible space suitable for various professional uses, including medical, dental, veterinary, or banking.
- Functional layout featuring multiple patient rooms, a large lobby, lab, and break room.
- Ample room for future expansion on just under 4.5 acres.
- 20+ parking spaces available.
- Contemporary design creating a sophisticated and welcoming environment.
Overview
This modern, flexible commercial space offers an exceptional opportunity to establish or expand your business. The property is ideally suited for an ophthalmology or dental office, veterinarian clinic, or bank, as well as other professional uses. The functional layout includes multiple patient rooms, a large lobby, lab, and break room, making it perfectly suited for one or two professionals. Situated on just under 4.5 acres, the property features 20+ parking spaces and ample room for future expansion. Its location near Highway 421 and I-94 provides easy access to Chicago and surrounding Northwest Indiana communities. Nearby dining and retail options enhance daily operations. The property's contemporary design creates a sophisticated and welcoming environment for both clients and staff. The property size is 3069 square feet.
Financial Insights
Value Estimation Calculated for Specialty Retail
Conservative
$663.6K
NOI $59,724 @ 9.00% cap · cautious / downside scenario
Moderate
$853.2K
NOI $59,724 @ 7.00% cap · market / base-case scenario
Aggressive
$1.19M
NOI $59,724 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Specialty Retail
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $82.9k | $27.00 |
| − Vacancy | −$3.2k | −$1.05 |
| EGI | $79.6k | $25.95 |
| − OpEx | −$19.9k | −$6.49 |
| NOI | $59.7k | $19.46 |
3,069 SF · lease $27.00/SF/yr · vacancy 3.90% · expense 25.00%
Alternative Use Scenarios
Best Use
Specialty Retail
$853.2K
$746.6K – $995.4K
NOI $59,724 @ 7.0% cap · market cap 6.64%
Second Best
Healthcare Medical
$530.1K
$463.9K – $618.5K
NOI $37,109 @ 7.0% cap · market cap 4.12%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Dr. Adam Sergiwa
Pediatrician
Lincoln Pediatrics Pc
Pediatrician
Location Insight
- Map
- Local Demand
- City
- Michigan City
- County
- LaPorte
- State
- Indiana
- Longitude
- -86.893002
- Latitude
- 41.66553
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Modern, flexible commercial space with room to grow near Highway.
Where is this medical office space located?
The property is located at 9856 W 400 N Michigan City, IN.
What is the asking price?
The asking price for this property is $899,900.
What are key features of this property?
This property features: Prime location with high visibility near Highway 421 and I‑94, providing easy access to Chicago and Northwest Indiana.; Flexible space suitable for various professional uses, including medical, dental, veterinary, or banking.; Functional layout featuring multiple patient rooms, a large lobby, lab, and break room.
