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OFF-MARKET
Retail properties & Spaces

3072 Ohio St Michigan City, IN 46360

1 SF 0.79 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 0.79-acre storefront property at 3072 Ohio St, Michigan City, Indiana, presents a unique investment opportunity. Priced at $170,000, this B-2 zoned lot boasts 115 feet of frontage along Ohio Street, offering excellent visibility and accessibility. The property's location provides significant advantages, situated near US 20 and just 1.5 miles north of the interchange of I-94 and US-421, ensuring convenient access for customers and employees. Its proximity to the Chicago Loop (under 60 miles southeast) and South Bend (40 minutes west) further enhances its appeal. The wooded lot offers significant potential for development, and its location within the Michigan City Economic Development Corporation's Mall and Office Tower Property Redevelopment Project suggests future growth in the area. The property's B-2 zoning allows for a variety of commercial uses, and there's the added benefit of potential expansion

Property profile
Verified
Property type Retail properties & Spaces
Total area 1 SF
Lot 0.79 ac (34,412 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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