Property profile

55510 Franklin St Michigan City, IN 46360

OFF-MARKET
Retail properties & Spaces
16,635 SF
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Property summary

AI-generated overview

This exceptional single-story, Class B medical office building, located at 55510 Franklin Street in Michigan City, Indiana, presents a unique investment opportunity. The property boasts a total of 16,635 square feet, with 11,760 square feet currently vacant and immediately available for lease. The building is zoned for Commercial Retail use and is ideally situated for medical practices, offering multiple suites with a minimum divisible space of 5,800 square feet and a maximum contiguous space of 11,760 square feet. Its convenient location offers unparalleled visibility and accessibility, just one minute north of I-94, providing easy access for patients and staff. The property benefits from a high-traffic location at the entrance to Walmart, surrounded by a robust retail environment including major retailers such as Meijer, Lowe's, and Menards. This strategic placement ensures high foot traffic and strong brand recognition. The building consists of one building with a total of one suite. This presents a rare chance to secure a significant presence in a thriving commercial area. The property is located in LaPorte County, Indiana, with a zip code of 46360. This is an excellent opportunity for a medical practice or other commercial tenant seeking a high-visibility location with ample space.

Property profile

Verified
Property type Retail properties & Spaces
Total area 16,635 SF

Cap rate & NOI

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

Location

55510 Franklin 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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