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    Property profile & analytics

    118 Michigan St New Carlisle, IN 46552

    • Office Properties & Spaces
    • 1,656 SF
    • 0.05 lot acres
    OFF-MARKET
    Value Estimation
    $350,000
    Last Sale
    Oct 21, 2020
    Location Intelligence
    Property ID
    US31-2608160
    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

    • Flagstar Bank ATM / Atm

    Property Details for 118 Michigan St

    Year built
    1910
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.05 lot acres
    Property size
    1,656 SF
    Property type
    Office Properties & Spaces
    APN
    71-01-34-235-007.000-018
    APU
    710134235007000018

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Carlisle
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.5087
    Latitude
    41.706
    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
    $2,141
    $9,900
    $54,300
    $64,200
    -
    $9,900
    $54,300
    $64,200

    Comparable in this City

    • Value Estimation by Request
      2,164 SF

      110 Arch St

      OFFICE (GENERAL) • 2,164 SF
      110 Arch St, New Carlisle, IN 46552-1304
      View Details
    • Value Estimation by Request
      25,054 SF

      420 Bray St

      OFFICE (GENERAL) • 25,054 SF
      420 Bray St, New Carlisle, IN 46552-8263
      View Details
    • Value Estimation by Request
      162,428 SF

      5325 Cougar Rd

      OFFICE (GENERAL) • 162,428 SF
      5325 Cougar Rd, New Carlisle, IN 46552-9505
      View Details
    • Value Estimation
      $305,000
      7,254 SF

      201 Michigan St

      OFFICE (GENERAL) • 7,254 SF
      201 Michigan St, New Carlisle, IN 46552
      View Details
    • Value Estimation
      $265,000
      2,480 SF

      113 Michigan St

      OFFICE (GENERAL) • 2,480 SF
      113 Michigan St, New Carlisle, IN 46552-5200
      View Details
    • Value Estimation by Request
      65,814 SF

      300 Ben St

      OFFICE (GENERAL) • 65,814 SF
      300 Ben St, New Carlisle, IN 46552
      View Details

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    118 Michigan St
    New Carlisle, IN 46552
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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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