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    1301 Michigan Ave Morocco, IN 47963-8179

    • Warehouses
    • 60,328 SF
    • 10.71 lot acres
    OFF-MARKET
    Value Estimation
    $895,000
    Location Intelligence
    Property ID
    US31-0173675
    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

    • Parking Lot / Parking Lot
    • Fireworks Over America / Fireworks Supplier

    Property Details for 1301 Michigan Ave

    Year built
    1995
    Construction
    TYPE NOT SPECIFIED
    Lot size
    10.71 lot acres
    Property size
    60,328 SF
    Property type
    Warehouses
    APN
    56-10-27-112-002.000-002
    APU
    561027112002000002

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,045,000

    • CAP approach

      CAP return
      Estimation
      6%
      $815,000
      6.5%
      $880,000
      7%
      $740,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $800,000
      Geo Method
      $810,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $795,000
      Retail
      $840,000
      Mixed-Use
      $805,000
      Hospitality
      $1,040,000
      Educational
      $775,000
      Residential Income
      $1,030,000
      Energy
      $745,000
      Income-Based Land
      $790,000
      Food Service
      $925,000

    Location Insight

    • Map
    • Local Demand
    City
    Morocco
    County
    Newton
    State
    Indiana
    Longitude
    -87.4372
    Latitude
    40.9399
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI 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
    $37,739
    $130,400
    $1,224,600
    $1,355,000
    -
    $130,400
    $1,224,600
    $1,355,000

    Comparable in this City

    • Value Estimation
      $465,000
      9,113 SF

      203 Clay St

      WAREHOUSE, STORAGE • 9,113 SF
      203 Clay St, Morocco, IN 47963
      View Details
    • Value Estimation
      $390,000
      17,000 SF

      511 Lincoln St

      STORAGE YARD, OPEN STORAGE • 17,000 SF
      511 Lincoln St, Morocco, IN 47963-8014
      View Details
    • Value Estimation by Request
      9,600 SF

      4654 300th E

      WAREHOUSE, STORAGE • 9,600 SF
      4654 300th E, Morocco, IN 47963
      View Details
    • Value Estimation by Request
      7,200 SF

      Clay St

      WAREHOUSE, STORAGE • 7,200 SF
      Clay St, Morocco, IN 47963
      View Details
    • Value Estimation by Request
      6,720 SF

      311 College Ave

      WAREHOUSE, STORAGE • 6,720 SF
      311 College Ave, Morocco, IN 47963
      View Details
    • Value Estimation by Request
      3,520 SF

      Polk St

      STORAGE YARD, OPEN STORAGE • 3,520 SF
      Polk St, Morocco, IN 47963
      View Details

    Similar Nearby for Sale

    • $450,000
      17,000 SF

      Power-Ready Industrial Facility with Secured Yard

      Industrial facility with heavy power, clear-span layout, and secured yard.
      511 S Lincoln St, Morocco, IN 47963
      View Details
    • New
      $70,000
      1.03 Acres

      Residential Land in Morocco, Indiana

      Spacious 1.033-acre residential property with utilities and metal garage.
      419 Clay St, Morocco, IN 47963
      View Details
    • Contact for pricing
      0.39 Acres

      Vacant Lot in Morocco, IN

      Large vacant lot ready for development in Morocco, Indiana.
      413 N Lincoln St, Morocco, IN 47963
      View Details
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    Morocco, IN 47963-8179
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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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