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OFF-MARKET
Retail properties & Spaces

430 St John Rd Michigan City, IN 46360

15,979 SF 5.38 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 5.38-acre parcel, located at 430 St John Rd in Michigan City, Indiana, presents a unique redevelopment opportunity. Currently priced at $608,000, the property includes a former movie theater building, which is considered vacant land for pricing purposes. The site boasts a substantial 15,979 square feet of space spread across two stories and is zoned B-2, allowing for a variety of commercial uses. Its strategic location offers significant advantages. Situated just 1.5 miles north of the interchange of I-94 and US-421 (Franklin), it benefits from excellent highway access. Furthermore, its proximity to the Chicago Loop (under 60 miles southeast) and South Bend (40 minutes west) ensures strong regional connectivity. The property's potential is further enhanced by its inclusion within Michigan City's Economic Development Corporation (EDC), Mall, and Office Tower Redevelopment Project. Expansion possibilities exist, with the potential to combine this lot with adjacent parcels to create up to 16.46 acres of B-2 zoned land. This presents a compelling investment opportunity for developers seeking a prime location in a growing area. The zip code is 46360, and the property is in LaPorte County.

Property profile
Verified
Property type Retail properties & Spaces
Total area 15,979 SF
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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