Property profile

403 Lake Shore Dr Michigan City, IN 46360

OFF-MARKET
Land
0.54 ac lot
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Property summary

AI-generated overview

This exceptional 0.54-acre commercial land parcel, located at 403 Lake Shore Drive in Michigan City, Indiana, presents a unique development opportunity. Situated in LaPorte County, zip code 46360, this property boasts a coveted B-1 neighborhood commercial zoning designation, a rare find in this area. Its prime location along the picturesque shores of Lake Michigan offers unparalleled visibility and appeal. The property's strategic placement within an Opportunity Zone further enhances its investment potential. This half-acre lot is ideally suited for a mixed-use commercial or residential development, capitalizing on the region's dynamic growth and the increasing demand for lakefront properties. The asking price is $849,000. Detailed information regarding the property's specifics and development possibilities is available upon request and approval. Don't miss this chance to acquire a truly exceptional piece of lakefront commercial real estate in a thriving Indiana community. The coordinates are 41.7289414 latitude and -86.8915621 longitude.

Property profile

Verified
Property type Land
Lot 0.54 ac (23,522 SF)

Cap rate & NOI

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

Location

403 Lake Shore Dr Michigan City, IN 46360
Michigan City metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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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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