Property profile

3636 Us-12 Michigan City, IN 46360

OFF-MARKET
Day care centers
5,186 SF Built 1958
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Property summary

AI-generated overview

This exceptional mixed-use property, located at 3636 US-12 in Michigan City, Indiana, presents a unique investment opportunity. Boasting 5,186 square feet of net rentable space across three units in a two-story building, this property offers versatility for a variety of businesses. Originally a historic dress shop, it has been extensively renovated in 2023, showcasing modern finishes and a fully furnished interior. The 14,810 square foot lot is zoned COMMERCIAL, allowing for diverse uses including daycare, storefront retail, or traditional office space. Situated conveniently off US Highway 12, near Lake Michigan and numerous beach communities, this location offers high visibility and accessibility. The building, constructed in 1958, has been meticulously updated, offering a blend of historical charm and contemporary functionality. Occupancy is available October 31, 2024. The asking price is $775,000. This property's prime location, combined with its versatile layout and recent renovations, makes it an ideal investment for discerning buyers seeking a high-return opportunity in a thriving coastal community. The APN is 46-01-14-477-005-000-022.

Property profile

Verified
Property type Day care centers
Year built 1958
Total area 5,186 SF

Cap rate & NOI

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

Location

3636 Us-12 Michigan City, IN 46360
Michigan City metro
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Value estimations

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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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