Technical
Financial
Distress signals
Property profile

255 Hupp Rd La Porte, IN 46350

FOR SALE
Retail space
Property ID
US31-1652275
13,406 SF 10.97 ac lot Built 1988
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 13,406-square-foot industrial property, built in 1988, is ideally suited for a variety of uses, including banquet halls, sporting events, or religious services. The property boasts a well-maintained, turn-key banquet hall featuring high ceilings, tile floors, and a fully functional kitchen. Two separate conference rooms, each with its own bar and restrooms, offer the flexibility to host multiple events simultaneously. One room measures 3,600 square feet, and the other is 6,000 square feet, providing ample space for large gatherings. Situated on a 2.89-acre lot, the property is secured with high-level fencing, ensuring safety and privacy. Its prime location in La Porte County, Indiana, offers excellent regional accessibility, drawing attendees from a 50-mile radius or more. Conveniently located off US 35 and US 6, the property benefits from easy access to major transportation routes. Nearby cities within a 1-hour 15-minute drive include South Bend, Mishawaka, Elkhart, Plymouth, Chesterton, Valparaiso, La Porte, and Michigan City, Indiana, as well as New Buffalo, St. Joseph, and Kalamazoo, Michigan. The property is zoned M2. Asking price is $897,999, with a price per square foot of $66.98.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1988
Construction WOOD
Total area 13,406 SF
Lot 10.97 ac (477,984 SF)
APN 46-11-31-376-003.000-066
UPID US31-1652275

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
  • Nightclub DJ & Entertainment

Location

255 Hupp Rd La Porte, IN 46350
La Porte metro Census 42700 MICHIGAN CITY-LA PORTE, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$330k

Owner & transaction history

since 2022
3 recorded transactions
2023
Price N/A
2022
Price N/A
2014
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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