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Property profile & analytics
FOR LEASE
Retail properties & Spaces
210 Dunes Plz Michigan City, IN 46360
Entity Owned
Free & Clear
Property ID
US31-3053646
For Lease
1 / 3
$4,300,000
210 Dunes Plz, Michigan City, IN 46360
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Property summary
AI-generated overview
Dunes Plaza, located at 210 Dunes Plaza, Michigan City, Indiana 46360, offers exceptional retail opportunities. This multi-tenant property features a total of 31,889 square feet of currently vacant space, divisible into units ranging from a minimum of 2,000 square feet to a maximum contiguous space of 14,389 square feet. Eight individual spaces are currently available. In addition to the inline spaces, there are also outlot opportunities available for sale or ground lease. These outlots range in size up to 8,000 square feet and sit on approximately 1.02 acres and 0.98 acres of land. The property's prime location in Michigan City, Indiana provides excellent visibility and accessibility for businesses seeking a strong presence in this vibrant market. This is an ideal opportunity for retailers seeking flexible space options to suit their specific needs, whether it's a smaller boutique or a larger retail establishment. The property's diverse space options make it suitable for a wide range of commercial uses. Contact us today to learn more about the available spaces and leasing or purchase options.
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2014
Construction
TYPE NOT SPECIFIED
Total area
55,576 SF
Lot
3.98 ac (173,238 SF)
APN
46-05-08-226-048.000-009
UPID
US31-3053646
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Ross Electronics Department Store
-
Kohl's Toys Department Store
-
Kohl's Home Decor Department Store
-
Kohl's Appliances Department Store
-
Kohl's Luggage Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.08M
Blend (final)
Blend
$4.30M
Owner & transaction history
KOHLS INDIANA
KOHLS INDIANA
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.4M
+12.4%
Restaurant
$4.1M
+5.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Michigan City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Michigan City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$3,925,000
Current use
AUTO REPAIR, GARAGE
$4,415,000
Change: +12% · Conversion: Difficult
RESTAURANT
$4,140,000
Change: +5% · Conversion: Easy
COMMERCIAL (GENERAL)
$3,530,000
Change: -10% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,375,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$4.30M
Range $3.87M – $4.73M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$77 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$78,633
Tax year 2023
Assessed value
$2,614,800
Assessed 2023
Previous assessed
$2,614,800
+0.0% YoY
Effective rate
3.01%
On assessed value
Assessed land
$278,600
Assessed improvement
$2,336,200
Land market value
$278,600
Improvement market value
$2,336,200
Total market value
$2,614,800
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
For Lease
Year built
2014
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
55,576 SF
Lot
3.98 ac (173,238 SF)
APN
46-05-08-226-048.000-009
UPID
US31-3053646
Jurisdiction
LA PORTE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.9M
AUTO REPAIR, GARAGE
Est. value
$4.4M
RESTAURANT
Est. value
$4.1M
COMMERCIAL (GENERAL)
Est. value
$3.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.4M
RETAIL STORES Current
AUTO REPAIR, GARAGE
RESTAURANT
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2014
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
3.98 ac
Current owner
From public records · entity-resolved
KOHLS INDIANA
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 2148, MILWAUKEE, WI 53201-2148
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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