Property profile

305 Michigan St Lakeville, IN 46536

OFF-MARKET
Commercial real estate
Property ID
US31-1475551
5,454 SF 0.32 ac lot Built 1925
Entity Owned 5-yr Hold Free & Clear
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Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1925
Construction WOOD
Total area 5,454 SF
Lot 0.32 ac (13,761 SF)
APN 71-13-34-482-003.000-028
UPID US31-1475551

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
  • Church

Location

305 Michigan St Lakeville, IN 46536-7700
Lakeville metro Census 12300 SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$645k
Comparable Approach Comparable
$545k
Blend (final) Blend
$245k

Owner & transaction history

since 2020
2 recorded transactions
2023
Price N/A
2020
Price N/A

Zoning & alternative use

Top alternative use upside
Retail stores $490,000 +0.2%

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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