430 St John Rd Michigan City, IN 46360
- Retail properties
- 15,979 SF
- 5.38 lot acres
Current Use by Public Records
- Retail properties
Property Details for 430 St John Rd
- Lot size
- 5.38 lot acres
- Property size
- 15,979 SF
- Property type
- Retail properties
- Property subtype
- Land
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Michigan City
- County
- LaPorte
- State
- Indiana
- Longitude
- -86.9008
- Latitude
- 41.6838
