Property profile

1816 Franklin St Michigan City, IN 46360

OFF-MARKET
Retail space
Property ID
US31-2963320
14,563 SF 1.2 ac lot Built 2006
Entity Owned Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2006
Construction TYPE NOT SPECIFIED
Total area 14,563 SF
Lot 1.2 ac (52,272 SF)
APN 46-01-32-237-016.000-022
UPID US31-2963320

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
  • Pharmacy
  • Pharmacy
  • Postal Service Courier Service
  • Pharmacy
  • Atm

Location

1816 Franklin St Michigan City, IN 46360-4504
Michigan City metro Census 40800 MICHIGAN CITY-LA PORTE, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.11M
Comparable Approach Comparable
$1.66M
Blend (final) Blend
$1.89M

Owner & transaction history

since 2025
4 recorded transactions
2025
Price N/A
2025
Price N/A
2008
Price N/A
2007
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $1.2M +12.4%

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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