20 And Us 35 Michigan City, IN 46360
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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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.