Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    110 Kieffer Rd Michigan City, IN 46360-9276
    Back to Search
    Property profile & analytics

    110 Kieffer Rd Michigan City, IN 46360-9276

    View on Map
    • Hotels
    • 24,384 SF
    • 2.26 lot acres
    Off-Market
    Last Sale Jul 28, 2020
    $1,950,000
    Property ID
    US31-2123866
    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.
    Value Estimations
    $2,100,000
    Show details
    Cap Rate Potential
    5.8%
    Hotels
    Location Intelligence

    Current Use by Public Records

    • Family Express Car Wash / Car Wash
    • Red Roof Inn Michigan City / Hotel & Motel

    Property Details for 110 Kieffer Rd

    Year built
    1973
    Construction
    WOOD
    Lot size
    2.26 lot acres
    Property size
    24,384 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    46-05-08-477-013.000-009
    APU
    460508477013000009

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,255,000
      ML approach
      $2,340,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,170,000
      6.5%
      $2,000,000
      7%
      $1,860,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,935,000
      RESTAURANT
      $1,815,000
      RETAIL STORES
      $1,720,000
      COMMERCIAL (GENERAL)
      $1,550,000
      APARTMENT HOUSE (5+ UNITS)
      $1,480,000
      MEDICAL BUILDING
      $1,305,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Michigan City
    County
    Laporte
    State
    Indiana
    Longitude
    -86.8954
    Latitude
    41.6668
    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
    $23,223
    $395,500
    $377,400
    $772,900
    -
    $395,500
    $377,400
    $772,900

    Comparable in this City

    • Value Estimation by Request
      1,820 SF

      3221 Dunes Hwy

      HOTEL/MOTEL • 1,820 SF
      3221 Dunes Hwy, Michigan City, IN 46360-6711
      View Details
    • Value Estimation
      $2,900,000
      58,932 SF

      401 Kieffer Rd

      HOTEL/MOTEL • 58,932 SF
      401 Kieffer Rd, Michigan City, IN 46360-9579
      View Details
    • Value Estimation
      $2,725,000
      57,102 SF

      3674 Frontage Rd

      HOTEL/MOTEL • 57,102 SF
      3674 Frontage Rd, Michigan City, IN 46360-0024
      View Details
    • Value Estimation
      $760,000
      15,114 SF

      3934 Frontage Rd

      HOTEL/MOTEL • 15,114 SF
      3934 Frontage Rd, Michigan City, IN 46360-9264
      View Details
    • Value Estimation by Request
      4,056 SF

      3948 Franklin St

      HOTEL/MOTEL • 4,056 SF
      3948 Franklin St, Michigan City, IN 46360-7315
      View Details
    • Value Estimation by Request
      16,575 SF

      5727 600th W

      HOTEL/MOTEL • 16,575 SF
      5727 600th W, Michigan City, IN 46360-9113
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Highway 20 Commercial Land Opportunity

      3.5-acre commercial lot with existing vacant motel building.
      326 Us Highway 20, Michigan City, IN 46360
      View Details
    • $1,450,000

      Commercial Lot on Highway 20

      3.5 acre commercial lot with existing vacant motel.
      326 Us Highway 20, Michigan City, IN 46360
      View Details
    • Contact for pricing
      3,955 SF

      Michigan City Commercial Property For Sale

      Commercial property with ample parking and highway frontage available for sale.
      402 W Us Highway 20, Michigan City, IN 46360
      View Details
    • $750,000
      1,712 SF

      Restaurant with Income-Generating Home

      Turn-key restaurant with updated systems and a separate 2-bedroom home.
      615 E St, Michigan City, IN 46360
      View Details
    • Contact for pricing

      Michigan City Development Opportunity

      Three parcels available for development along a major transportation corridor.
      20 & Us 35, Michigan City, IN 46360
      View Details
    • Contact for pricing

      Michigan City Development Land Available

      Three parcels available for development along U.S. 20/U.S. 35.
      20 & Us 35, Michigan City, IN 46360
      View Details

    Similar Nearby for Lease

    • $1,100 /Mo
      937 SF

      Professional Office Space For Lease

      Move-in ready office suite in high-visibility location.
      1026 N Karwick Rd, Michigan City, IN 46360
      View Details
    • Contact for pricing

      Industrial Single Tenant Space

      Industrial single tenant property available for lease.
      1111 Us Highway 20, Michigan City, IN 46360
      View Details
    • Contact for pricing

      Mixed-Use Development with Retail Space

      Premier mixed-use development featuring retail and residential spaces.
      1073 Pine St, Michigan City, IN 46360
      View Details
    • Contact for pricing
      1,360 SF

      Retail Space on Franklin Street

      Retail spaces available on heavily trafficked US Highway 421.
      5330-5360 Franklin St, Michigan City, IN 46360
      View Details
    • $4,000 /Mo
      5,775 SF

      Restaurant Space in Uptown Arts

      Established restaurant space in Michigan City's Uptown Arts District.
      521 Franklin St, Michigan City, IN 46360
      View Details
    • Contact for pricing
      9,240 SF

      US 20 Evergreen Center Retail Space

      High-traffic retail space available; 7,500 sq ft.
      0 Us Highway 20, Michigan City, IN 46360
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    110 Kieffer Rd
    Michigan City, IN 46360-9276
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    110 Kieffer Rd, Michigan City, IN, 46360
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!