Current Use by Public Records
- Land
Property Details for 860 Michigan St
- Lot size
- 10.05 lot acres
- Property type
- Land
Description
This exceptional 10.05-acre commercial land parcel presents a remarkable investment opportunity in New Carlisle, Indiana. Strategically located on West Michigan Street (US 20) and County Line Road, this property boasts high visibility and significant traffic volume, benefiting from its position on a major commercial corridor connecting St. Joseph and LaPorte Counties. The site offers excellent frontage on both roadways and includes a pre-existing curb cut. The property's LB-Local Business zoning allows for a diverse range of commercial uses, including retail, restaurants, hospitality, automotive sales and service, banking, healthcare, and more. This versatile zoning makes it ideal for various development projects. The area is experiencing significant growth, with two large industrial companies soon to bring over 4,000 new jobs to New Carlisle. The property's proximity to established businesses like Phillips 66, Dollar General, 1st Source Bank, and CVS Pharmacy further enhances its appeal. Its location near railway lines, major electric lines, and the Kankakee Aquifer System provides excellent infrastructure access. The asking price for the entire 10.05 acres is $789,900; however, individual parcels are also available for purchase. Parcel C (1.16 acres) is priced at $271,870, Parcel D (1.5 acres) at $150,000, and Parcel E (2 acres) at $150,000. Contact us for pricing on the remaining parcels. This is a rare opportunity to acquire a substantial commercial property in a thriving Indiana community. The APN is 71-01-34-151-008.000-018.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Carlisle
- County
- St Joseph
- State
- Indiana
- Longitude
- -86.5248
- Latitude
- 41.7032
