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.

Location Insight

City

Michigan City

County

LaPorte

State

Indiana

Longitude

-86.8963

Latitude

41.6813