Property profile

1111 Us-20 Michigan City, IN 46360

OFF-MARKET
Warehouses
34,754 SF 10 ac lot
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Property summary

AI-generated overview

This exceptional 10-acre industrial property in Michigan City, Indiana, presents a unique investment opportunity. The site boasts three strategically interconnected buildings totaling 34,754 square feet, offering versatile space for distribution, manufacturing, or warehousing. Building 1, a 18,404 sq ft steel-frame structure built in 1985, features 12 truck doors (7 east, 5 west with 5 drive-through bays) and 9 exterior electrical hookups. It also includes training and sleeping quarters. Building 2 (8,358 sq ft), constructed in 1998, is a brick building housing office, dispatch, training, and sleeping areas, complete with a backup generator. Landscaping includes a pond and picnic area. Building 3 (7,488 sq ft), built in 2006, is a wood-frame structure with heated and unheated areas for tarp repair and storage, and two drive-in truck doors. All buildings are connected via underground conduit and fiber optics. The property includes an on-site industrial sanitary sewer storage system. The asking price is $2,000,000 ($57.55/sq ft). The property is conveniently located on US Highway 20, offering easy access to US 421, I-94, and the Indiana Toll Road (I-80/90). Abundant retail and restaurants are within a 2-mile radius. The 2023/2024 real estate taxes totaled $13,319.98. The property's APN is 46-05-06-400-007.000-046. This well-maintained property is currently vacant and ready for immediate occupancy. The property is located in Unincorporated Coolspring Township, but has a Michigan City address and zip code of 46360.

Property profile

Verified
Property type Warehouses
Total area 34,754 SF
Lot 10 ac (435,600 SF)

Cap rate & NOI

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

Location

1111 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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