Property profile

20 Hwy Michigan City, IN 46360

OFF-MARKET
Land
75.69 ac lot
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Property summary

AI-generated overview

This exceptional 75.69-acre agricultural property presents a unique investment opportunity in Michigan City, Indiana. Located at 0 E Highway 20, this expansive parcel boasts significant frontage on W Highway 20, S Woodland Ave, and Pahs Rd, offering excellent accessibility and visibility. Currently zoned for agricultural use (Ag), the land presents endless possibilities for future development. While annexation into the city is required, city services are readily available, making this a highly attractive proposition for various projects. The property's size and strategic location make it ideal for a range of uses, subject to necessary approvals and permits. The APN is 460503300007000046. This is a rare opportunity to acquire a substantial land holding in a desirable location with significant development potential. The asking price for this remarkable property is $5,280,000. Serious inquiries only. All information is deemed reliable but not guaranteed and should be independently verified.

Property profile

Verified
Property type Land
Lot 75.69 ac (3,297,056 SF)

Cap rate & NOI

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

Location

20 Hwy Michigan City, IN 46360
Michigan City metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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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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