3072 Ohio St Michigan City, IN 46360

OFF-MARKET

Retail properties & Spaces

1 SF 0.79 ac lot

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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 type Retail properties & Spaces

Total area 1 SF

Lot 0.79 ac (34,412 SF)

Implied cap rate, NOI & suggested price

Cap rate vs submarket · NOI estimate · 3 price anchors

3072 Ohio St Michigan City, IN 46360

Michigan City metro

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Comparables

6 recent transactions · within 1.5 mi

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