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Property profile & analytics
OFF-MARKET
Land

20 And Us 35 Michigan City, IN 46360

5.8 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 5.8-acre commercial land parcel, located in Michigan City, Indiana, presents a unique development opportunity. Situated at the intersection of US 20 and US 35, this property boasts convenient access to Indiana Highway 212 and is less than a mile from the US 20/I-94 interchange. The site benefits from its strategic location within a Tax Increment Financing (TIF) District, offering potential tax advantages. Zoned B-1, the land allows for a variety of uses, including industrial, manufacturing, retail, office, and agricultural development. The property's proximity to the Michigan City Airport and South Shore Freight Line Railroad provides significant logistical advantages. Furthermore, its location within a 15-minute drive of major manufacturing and technology projects in New Carlisle, IN, enhances its appeal. The high daily traffic counts on US 20/US 35 (24,000-25,000 vehicles) and the proximity to I-94, a major Midwest transportation artery, underscore the property's exceptional potential for a variety of commercial uses, including large-scale warehousing or distribution facilities. The South Shore Freight Railroad borders the property, offering potential rail service. The property consists of three separate parcels ready for immediate development. This location offers easy access to local amenities such as Blue Chip Casino, Lighthouse Place, and a primary hospital. The asking price is $277,820. The APN is 46-01-36-301-003.000-022.

Property profile
Verified
Property type Land
Lot 5.8 ac (252,648 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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