Property profile

806 Us-20 Michigan City, IN 46360

OFF-MARKET
Retail properties & Spaces
22,000 SF 2.5 ac lot Built 1959
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Property summary

AI-generated overview

This exceptional 22,000-square-foot retail flex space, situated on a 2.5-acre lot in Michigan City, Indiana's desirable NWI submarket, presents a unique investment opportunity. The single-story, Class B building, constructed in 1959 and extensively renovated in 2022, offers flexible layouts to suit diverse business needs. Units range from a minimum of 2,000 square feet to a maximum contiguous space of 22,000 square feet, accommodating multiple tenants or a single large occupant. The property boasts a convenient location near Franklin and downtown Michigan City, benefiting from high daily traffic counts exceeding 15,000 vehicles. Features include ample on-site parking (100 spaces), a 400-amp power supply, and a well-designed layout combining retail and warehouse space. The retail area comprises a boardroom, two offices, three bathrooms, and an employee lunchroom. The warehouse section features 12-18-foot high ceilings and two roll-up doors (one 10ft x 16ft, one 8ft tall), plus air conditioning in both areas. The property is zoned B-2 and has an APN of 46-05-08-100-007.000-009, with Ohio Street as a cross street. Currently, one 2,000 square foot space is immediately available. This property offers a blend of modern amenities and a prime location, making it ideal for a variety of businesses.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1959
Total area 22,000 SF
Lot 2.5 ac (108,900 SF)

Cap rate & NOI

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

Location

806 Us-20 Michigan City, IN 46360
Michigan City metro
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Value estimations

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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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