201 Us-20 Michigan City, IN 46360
- Lifestyle centers
Current Use by Public Records
- Lifestyle centers
Property Details for 201 Us-20
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional redevelopment opportunity presents five separate parcels comprising a significant retail complex known as Marquette Outlots, located at 201 US-20 in Michigan City, Indiana, zip code 46360. The property includes five buildings totaling five units and is currently listed at $6,000,000. The complex features multiple large retail spaces, ideally suited for a variety of uses. A key asset is a multi-story office building, presenting a unique opportunity for conversion into residential units, capitalizing on the current market demand. The property benefits from its location within a Tax Increment Financing (TIF) district, offering potential tax advantages for the buyer. The city of Michigan City is actively seeking redevelopment of this site, indicating a supportive local environment. A significant advantage is the ability to purchase the assets individually, as each building is separately parceled, allowing for flexibility in acquisition and development strategies. This presents a rare chance to acquire a substantial retail property with significant upside potential in a desirable location. The property's size and diverse building types offer a unique opportunity for creative redevelopment and substantial return on investment. Detailed parcel information and surveys are available upon request.
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
- -86.8963
- Latitude
- 41.6813
