332 Us-20 Michigan City, IN 46360
- Warehouses
- 38,190 SF
- 2.03 lot acres
Current Use by Public Records
- Warehouses
Property Details for 332 Us-20
- Year built
- 1965
- Lot size
- 2.03 lot acres
- Property size
- 38,190 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
This 38,190-square-foot warehouse, built in 1965, is situated on a 2.03-acre lot in Michigan City, Indiana (APN: 46-05-08-202-001.000-009). The property is classified as Class C industrial and is currently vacant. It features one single-story building with overhead doors and ample parking (45,700 square feet of paved parking). Municipal water and sewer services are available. The asking price is $1,125,000, translating to $29.46 per square foot. The property boasts a valuable annual income stream generated by an on-site billboard. Its B2 zoning permits various commercial uses, including restaurants, retail establishments, and hotels. The location is highly advantageous, adjacent to Dunes Plaza Shopping Mall (anchored by PetSmart, TJ Maxx, Dollar General, Ross, and Five Below), and just minutes from Franklin Street, a busy thoroughfare with over 19,000 vehicles passing daily. The property's proximity to US 421, I-94, and Michigan City's waterfront and beaches further enhances its appeal. This warehouse is part of a larger portfolio, offering additional acreage for potential development. Limited competition in the area presents a significant investment opportunity.
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
- -86.9008
- Latitude
- 41.6797
