Property profile

100 Anchor Rd Michigan City, IN 46360

FOR SALE
Warehouses
Property ID
US31-1445253
50,765 SF 4.42 ac lot Built 1975
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1975
Construction TYPE NOT SPECIFIED
Total area 50,765 SF
Lot 4.42 ac (192,535 SF)
APN 46-01-24-100-028.000-022
UPID US31-1445253

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Crisis Center Medical Clinic
  • Counselor Practitioner Service Location
  • (Bike/Boat/Book/etc) Store Printing Service
  • Foster Care Service Social Service Agency
  • Professional Services

Location

100 Anchor Rd Michigan City, IN 46360
Michigan City metro Census 41300 MICHIGAN CITY-LA PORTE, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$750k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.10M
Blend (final) Blend
$750k

Owner & transaction history

since 2021
3 recorded transactions
2026
Price N/A
2021
Price N/A
2018
Price N/A

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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