431 St John Rd Michigan City, IN 46360
- Land
- 5.38 lot acres
Current Use by Public Records
- Land
Property Details for 431 St John Rd
- Lot size
- 5.38 lot acres
- Property type
- Land
Description
This exceptional 5.38-acre commercial land parcel presents a unique investment opportunity in Michigan City, Indiana. Strategically located just 1.5 miles north of the interchange of I-94 and US-421 (Franklin Street exit), this property offers unparalleled access to major transportation arteries. Its location provides convenient access to both Chicago (under 60 miles southeast) and South Bend (approximately 40 minutes west). The site is zoned B-2 and boasts approximately 2.8 usable acres, with the potential for expansion. This parcel is part of a larger redevelopment project encompassing a significant area, including a mall and office tower, within the Michigan City Economic Development Corporation's (EDC) initiative. The property's proximity to this ongoing redevelopment project suggests significant future growth potential. Furthermore, the possibility exists to combine this lot with adjacent parcels, resulting in a substantial 16.46-acre commercial development site. This presents a rare chance to acquire a sizable, well-located parcel in a thriving area, ideal for a variety of commercial ventures. The asking price for this prime commercial land is $608,000. The property's address is 431 St John Rd, Michigan City, IN 46360.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Michigan City
- County
- LaPorte
- State
- Indiana
- Longitude
- -86.9019
- Latitude
- 41.6838
