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1551 South Woodland Ave Michigan City, IN 46360

Office Spaces Google Maps
21,044 SF 2.55 ac lot Built 1972
Entity Owned ~ Est. High Equity
Estimated value (blended)
$475k
Range $428k – $523k (±10%)
Property ID US31-3050907

Property summary

AI-generated overview

This exceptional commercial property, located at 1551 S Woodland Ave in Michigan City, Indiana, offers 10,838 square feet of leasable space within a larger 21,044 square foot building. The single-story building, constructed in 1972, sits on a 2.5-acre lot and is zoned for General Commercial use. The space is categorized as Traditional Office and is suitable for multiple tenants. The property's convenient location in LaPorte County provides easy access to major transportation routes, including I-94 and the Indiana Toll Road (80/90), offering seamless connectivity to the broader Midwest region. Michigan City itself boasts a vibrant community atmosphere, combining small-town charm with the advantages of proximity to both Chicago (60 miles) and South Bend, Indiana (40 miles). This presents a unique opportunity for businesses seeking a strategically located and spacious office environment in a thriving community. The property features a single building with a total of 21,044 square feet, with 10,838 square feet currently available for lease. This presents a significant opportunity for businesses seeking ample space in a well-situated location. The property's General Commercial zoning allows for a wide range of potential uses. The address is 1551 S Woodland Ave, Michigan City, IN 46360.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1972
Construction WOOD
Total area 21,044 SF
Lot 2.55 ac (110,991 SF)
APN 46-05-04-277-007.000-009
UPID US31-3050907

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • State Government Office Social Services Organization
  • Insurance Agency

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.06M
Blend (final) Blend
$475k

Owner & transaction history

since 2026
3 recorded transactions
2026
$1.1M
2026
Price N/A
2010
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
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More about this property
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