0 Franklin St Michigan City, IN 46360
This exceptional 0.815-acre commercial land parcel presents a remarkable development opportunity in Michigan City, Indiana. Located at the intersection of Franklin Street, Green Street, and W 11th Street, this property boasts a total of eight lots, ideal for various commercial ventures. Four lots (15, 16, 17, and 18) face Franklin Street, offering high visibility and accessibility. Two lots (5 and 8) are situated on Green Street, and two more (6 and 7) are located on W 11th Street, providing diverse development options. The property includes vacated alleyways, adding to its overall size and potential. The land is zoned COMM, allowing for a wide range of commercial uses. With a total lot square footage of 35,500 square feet, this property offers significant potential for substantial return on investment. The asking price is $1,000,000. The property's APN is 46-01-29-466-013.000-022. This is a rare opportunity to acquire a sizable, strategically located commercial land parcel in a growing Indiana community. Don't miss out on this chance to build your next commercial project.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.