0 Franklin St Michigan City, IN 46360
This exceptional 1.7-acre commercial lot is ideally situated on Franklin Street in Michigan City, Indiana, directly on Highway 421. The property's Commercial zoning allows for a wide range of development opportunities. Its prime location offers unparalleled visibility and accessibility, boasting proximity to major national retailers including Meijer, Lowe's, Menards, Walmart, Hobby Lobby, TJ Maxx, R.P. Home & Harvest, and Kohl's. The strategic placement near the I-94 exit ensures convenient access for customers and employees. Furthermore, the presence of 14 hotels within a one-mile radius presents significant potential for synergistic development. The lot's size (1.7 acres, APN 460509300012000009) provides ample space for a variety of commercial ventures. This property presents a rare opportunity for investors seeking high-traffic exposure and strong potential for return. The asking price is $1,300,000. Contact us today to explore the possibilities.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.