Property profile

0 Springland Ave Michigan City, IN 46360

OFF-MARKET
Land
0.44 ac lot
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Property summary

AI-generated overview

This 0.438-acre lot in Michigan City, Indiana, presents a fantastic opportunity for residential development. Located in LaPorte County, with a convenient address on Springland Ave and zip code 46360 (latitude 41.7166322, longitude -86.8540865), this centrally located property offers easy access to local beaches and major highways. The asking price is $37,500. The land is currently designated as buildable, making it ideal for constructing a new home. Its prime location offers a quick commute to various amenities and attractions. This property is particularly attractive due to its proximity to recreational areas and transportation routes. The seller is open to separating the lot with an acceptable offer, providing flexibility for potential buyers. This presents a unique chance to acquire a piece of land in a desirable location, ready for immediate development. The property is classified as land and is not part of a larger subdivision. Serious inquiries are encouraged. All interested parties should conduct their own due diligence to verify all information.

Property profile

Verified
Property type Land
Lot 0.44 ac (19,079 SF)

Cap rate & NOI

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

Location

Springland Ave Michigan City, IN 46360
Michigan City metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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