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Property profile & analytics
OFF-MARKET
Land

431 St John Rd Michigan City, IN 46360

5.38 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 5.38 ac (234,353 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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