320 St John Rd Michigan City, IN 46360
- Land
- 8.38 lot acres
Current Use by Public Records
- Land
Property Details for 320 St John Rd
- Lot size
- 8.38 lot acres
- Property type
- Land
Description
This exceptional 8.38-acre commercial land parcel presents a unique investment opportunity in Michigan City, Indiana. The property boasts a prime location, situated just 1.5 miles north of the interchange of I-94 and US-421 (Franklin), offering unparalleled access to major transportation routes. The site includes a substantial existing structure: a 15,979 square foot, one-story brick building, formerly a movie theater, situated on approximately 3 acres. This building features ample parking and significant road frontage along St. John Road. The remaining acreage provides significant development potential. With approximately 5.65 acres of usable land, this property offers flexibility for a variety of commercial ventures. The property's strategic location places it under 60 miles southeast of Chicago's Loop and a convenient 40-minute drive west of South Bend, ensuring a strong regional market reach. Furthermore, this site is strategically located within the Michigan City Economic Development Corporation's (EDC) Mall and Office Tower Property Redevelopment Project, suggesting potential for future growth and development opportunities. The property is zoned B-2 and can be combined with adjacent lots to create a larger development footprint of up to 16.46 acres. This presents a rare chance to acquire a substantial commercial property with existing infrastructure and significant expansion potential in a rapidly developing area. The asking price is $1,115,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Michigan City
- County
- LaPorte
- State
- Indiana
- Longitude
- -86.8993
- Latitude
- 41.684
