1107 Franklin St Michigan City, IN 46360
Exceptional opportunity to acquire eight contiguous commercial lots ideally situated in Michigan City, Indiana, totaling approximately [Area not provided, cannot be calculated from the given data]. These lots are zoned CBD1, providing flexibility for a variety of commercial developments. The property boasts convenient access to the South Shore double track, currently under construction, promising enhanced connectivity and increased property value. Included in the sale are several vacated alleys, adding to the overall usable land area. The lots are paved and ready for immediate development. Specific lot APNs included in this offering are: 46-01-29-009.000-022, 46-01-29-466-010.000-022, 46-01-29-466-013.000-022, 46-01-29-466-004.000-022, 46-01-29-466-005.000-002, and 46-01-29-466-006.000-022. The address 1107 Franklin Street is used for map reference only
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
Physical attributes from public recordsZoning & alternative use
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.