Property profile

200 Cook St Michigan City, IN 46360

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional 5,628 square foot commercial lot is located at 200 Cook Street, Michigan City, Indiana, 46360. Situated on the corner of Highway 12 and Cook Street, this property boasts a highly visible location next to Burn'em Brewing and the Blue Chip Hotel & Casino, ensuring significant exposure. The C-zoned lot presents numerous development opportunities, and a liquor license may be available for a restaurant build. Its proximity to the lakefront, uptown arts district, and the new South Shore Double Track train station (providing express service to downtown Chicago in 60 minutes) adds to its appeal. The area is experiencing significant growth, with a nearby multi-million dollar mixed-use development underway. This property is ideal for both buy-and-hold investors and developers, with incentives potentially available through Michigan City and LaPorte County. The high traffic count and strategic location make this a truly unique investment opportunity in a rapidly developing area of Northwest Indiana. The asking price is $247,000, and the APN is 460128132002000022.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

200 Cook St Michigan City, IN 46360
Michigan City metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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