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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    100 Anchor Rd Michigan City, IN 46360

    • Warehouses
    • 50,765 SF
    • 4.42 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Last Sale
    Dec 06, 2021
    Value Estimations
    $925,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-1445253
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Renew Counseling LLC / Mental Health Service / Counselor
    • Yvonne Lopez / Counselor / Practitioner Service Location
    • Legacy Screen Printing / Screen Printer / Custom T-Shirt Store
    • Dawn Yates / Practitioner Service Location / Social Worker
    • FSI / Professional Services

    Property Details for 100 Anchor Rd

    Year built
    1975
    Construction
    TYPE NOT SPECIFIED
    Lot size
    4.42 lot acres
    Property size
    50,765 SF
    Property type
    Warehouses
    APN
    46-01-24-100-028.000-022
    APU
    460124100028000022

    Description

    This exceptional 62,045-square-foot multi-use building at 100 Anchor Road, Michigan City, Indiana, presents a unique investment opportunity. Situated on 4.41 acres in the Industrial Park submarket, this two-story structure boasts a diverse range of spaces suitable for warehouse, distribution, flex, coworking, manufacturing, traditional office, creative office, and executive office uses. Currently, 13,000 square feet is available for lease, with individual spaces ranging from 100 to 18,518 square feet. The building features 18-foot ceilings, providing ample vertical space, and includes four dock-high doors and three drive-in doors for efficient loading and unloading. Ample parking is provided with 103 spaces. The property benefits from robust power capabilities, including 750 KVA 277-480V, 3-phase heavy power. Built in 1975, the building is zoned for Light Industrial use and is conveniently located near Freyer Road. While elevators are not present, the building's layout and features are designed to accommodate a variety of business needs. This property offers a compelling blend of functionality and location, making it an ideal choice for businesses seeking versatile and well-equipped industrial space in a thriving submarket. The property is zoned for Light Industrial use.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $750,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,098,000
      Market price range: $802k - $3.11M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Michigan City
    County
    Laporte
    State
    Indiana
    Longitude
    -86.83
    Latitude
    41.7377
    CBSA code
    33140
    CBSA name
    MICHIGAN CITY-LA PORTE, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $21,624
    $94,700
    $624,900
    $719,600
    -
    $94,700
    $624,900
    $719,600

    Comparable in this City

    • Value Estimation by Request
      38,190 SF

      332 Us-20

      Distribution properties • 38,190 SF
      332 Us-20, Michigan City, IN 46360
      View Details
    • Value Estimation
      $230,000
      2,640 SF

      599 Sheridan Ave

      WAREHOUSE, STORAGE • 2,640 SF
      599 Sheridan Ave, Michigan City, IN 46360-4156
      View Details
    • Value Estimation
      $250,000
      510 SF

      Nn 300th Ww

      STORAGE YARD, OPEN STORAGE • 510 SF
      Nn 300th Ww, Michigan City, IN 46360
      View Details
    • Value Estimation
      $270,000
      220 SF

      Nn 300th Ww

      STORAGE YARD, OPEN STORAGE • 220 SF
      Nn 300th Ww, Michigan City, IN 46360
      View Details
    • Value Estimation by Request

      10157 Ave

      Refrigerated & Cold Storages
      10157 Ave, Michigan City, IN 46360
      View Details
    • Value Estimation by Request
      8,373 SF

      8th St

      WAREHOUSE, STORAGE • 8,373 SF
      8th St, Michigan City, IN 46360
      View Details

    Similar Nearby for Sale

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      View Details
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      Michigan City Warehouse - $1.9M

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    • $1,125,000
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      Michigan City Warehouse - $1.125M

      38,190 SF Warehouse, Vacant, Great Location
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    • $2,698,000
      79,052 SF

      Versatile Sports Complex for Sale

      79,052 SF sports complex adaptable to industrial uses.
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      Michigan City Industrial Complex

      79,052 SF Industrial Space, $3.3M
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    Similar Nearby for Lease

    • $5 SF/Yr
      50,600 SF

      Prime Michigan City Flex Space

      50,000 SF Warehouse/Flex Available
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      View Details
    • Contact for pricing
      400,827 SF

      Michigan City Industrial Campus

      Large Industrial Space Available, Indiana
      402 Royal Rd, Michigan City, IN 46360
      View Details
    • $8 SF/Yr
      62,045 SF

      100 Anchor Road: Industrial Space Available

      Michigan City, IN: Versatile Industrial Property
      100 Anchor Rd, Michigan City, IN 46360
      View Details
    • $12 SF/Yr
      60,500 SF

      Industrial/Flex Facility in Michigan City

      Multi-tenant industrial/flex facility with heavy infrastructure and highway access.
      100 Anchor Rd, Michigan City, IN 46360
      View Details
    • Contact for pricing
      5,350 SF

      Franklin Street Station Retail

      Prime Michigan City retail space available.
      1073 Pine St, Michigan City, IN 46360
      View Details
    • $9 SF/Yr

      Retail Space Near Highway 80/94

      Retail space with open floor plan and high visibility.
      3207 Franklin St -, Michigan City, IN 46360
      View Details
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    Michigan City, IN 46360
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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