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Financial
Distress signals
Property profile

126 4th St Michigan City, IN 46360

OFF-MARKET
Office Spaces
Property ID
US31-2212627
23,166 SF 1.37 ac lot Built 1981
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional two-story, 23,166 square foot former bank building presents a unique opportunity in Michigan City's thriving North corridor. The property offers flexible space, accommodating various needs from 5,000 to 23,166 contiguous square feet, making it ideal for traditional office, executive office, medical office, creative office, or coworking spaces. The building boasts 60 parking spaces and elevators for convenient access. Located in a revitalized area, it benefits from proximity…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$18k
Tax billed · 2023
Assessed value$1.04M
Assessed land$124k
Assessed improvement$918k
Effective rate1.72%

Value estimate

· Oct 2026
$2.12M
$1.91M – $2.33M
CAP approach$2.42M
Submarket $/SF estimate$1.43M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$37/SF
County average, outlier-cleaned · 34 recorded sales of this use type
Observed band · Q1–Q3$23 – $62

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLA PORTE

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store10.0
HVAC Service9.9
Electrical Service9.3

Location

126 4th St Michigan City, IN 46360-3302
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
7089 400th N, Michigan City, IN 46360-2902 $350,000 Nov 2024 4,700 SF
312 8th, Michigan City, IN 46360-3435 $467,500 Feb 2021 9,726 SF
4337 Ohio, Michigan City, IN 46360-7743 $210,000 Sep 2020 4,000 SF
10282 400th N, Michigan City, IN 46360-9470 $441,000 Jun 2020 4,175 SF
903 Franklin, Michigan City, IN 46360 $500,000 Feb 2020 10,642 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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