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    Property profile & analytics

    106 Michigan St Lakeville, IN 46536-7704

    • Retail space
    • 7,840 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    $310,000
    Location Intelligence
    Property ID
    US31-1624000
    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

    • Terry Boswell Interior Finisher / Dry Wall Contractor
    • Joshua Tree Imports / Antique Store

    Property Details for 106 Michigan St

    Year built
    1940
    Construction
    WOOD
    Lot size
    0.15 lot acres
    Property size
    7,840 SF
    Property type
    Retail space
    APN
    71-13-34-477-002.000-028
    APU
    711334477002000028

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $285,000

    • CAP approach

      CAP return
      Estimation
      6%
      $395,000
      6.5%
      $340,000
      7%
      $345,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $365,000
      Geo Method
      $380,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $385,000
      Retail
      $455,000
      Mixed-Use
      $405,000
      Hospitality
      $360,000
      Educational
      $470,000
      Residential Income
      $410,000
      Energy
      $410,000
      Income-Based Land
      $345,000
      Food Service
      $455,000

    Location Insight

    • Map
    • Local Demand
    City
    Lakeville
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.274
    Latitude
    41.5242
    CBSA code
    43780
    CBSA name
    SOUTH BEND-MISHAWAKA, IN-MI 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
    $4,019
    $26,000
    $113,900
    $139,900
    -
    $26,000
    $113,900
    $139,900

    Comparable in this City

    • Value Estimation
      $290,000
      1,097 SF

      101 Michigan St

      RETAIL STORES (PERSONAL SERVICES) • 1,097 SF
      101 Michigan St, Lakeville, IN 46536-7704
      View Details
    • Value Estimation
      $335,000
      5,350 SF

      209 Michigan St, Unit 211

      RETAIL STORES (PERSONAL SERVICES) • 5,350 SF
      209 Michigan St, Lakeville, IN 46536-7702
      View Details
    • Value Estimation
      $295,000
      1,920 SF

      64060 Us Hwy 31

      RETAIL STORES (PERSONAL SERVICES) • 1,920 SF
      64060 Us Hwy 31, Lakeville, IN 46536-9548
      View Details
    • Value Estimation by Request
      1,508 SF

      909 Michigan St

      RETAIL STORES (PERSONAL SERVICES) • 1,508 SF
      909 Michigan St, Lakeville, IN 46536-9796
      View Details
    • Value Estimation
      $280,000
      3,758 SF

      117 Michigan St

      RETAIL STORES (PERSONAL SERVICES) • 3,758 SF
      117 Michigan St, Lakeville, IN 46536
      View Details
    • Value Estimation
      $300,000
      1,808 SF

      900 Block Of N Michigan St

      RETAIL STORES (PERSONAL SERVICES) • 1,808 SF
      900 Block Of N Michigan St, Lakeville, IN 46536
      View Details

    Similar Nearby for Sale

    • $525,000
      2.30 Acres

      500 Commerce Dr, Lakeville, IN 46536

      Commercial real estate • 2.30 Acres
      500 Commerce Dr, Lakeville, IN 46536
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    • $195,000
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      Lakeville Commercial Land - $195K

      1.9 Acres, High-Traffic Corner Lot
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    • Contact for pricing
      0.13 Acres

      Commercial Land in Lakeville, IN

      Prime commercial land in Lakeville, Indiana, ready for development.
      213 S Michigan St, Lakeville, IN 46536
      View Details
    • $49,500
      1.28 Acres

      Lakeville, IN Residential Land

      1.28 acre residential land with lake frontage.
      Tbd Indian School Rd, Lakeville, IN 46536
      View Details
    • $74,900
      4.18 Acres

      Scenic 4-Acre Residential Lot

      Residential land with pond, ideal for building or recreation.
      W 1St Rd, Lakeville, IN 46536
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    • $435,000
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      Mixed-Use Building with Warehouse Space

      Mixed-use building featuring warehouse and office space with ample parking.
      500 Commerce Dr, Lakeville, IN 46536
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      1,320 SF

      Lakeville Retail Space For Lease

      Restaurant Space, Multiple Units Available
      410 Motts Aly, Lakeville, IN 46536
      View Details
    • $5,000 /Mo
      12,100 SF

      Mixed-Use Building with Warehouse Space

      Mixed-use building with warehouse and office space for lease.
      500 Commerce Dr, Lakeville, IN 46536
      View Details
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    106 Michigan St
    Lakeville, IN 46536-7704
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    Realmo Value Estimation

    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.

    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.

    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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