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Property profile & analytics
OFF-MARKET
Land

0 Franklin St Michigan City, IN 46360

1.7 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 1.7 ac (74,052 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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