Property profile

3822 Franklin St Michigan City, IN 46360

OFF-MARKET
Outlet malls
Property ID
US31-1877675
17,832 SF 2.11 ac lot Built 1986
Entity Owned 20-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1986
Construction TYPE NOT SPECIFIED
Total area 17,832 SF
Lot 2.11 ac (91,912 SF)
APN 46-05-04-308-012.000-009
UPID US31-1877675

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
  • Discount Store

Location

3822 Franklin St Michigan City, IN 46360-7313
Michigan City metro Census 40500 MICHIGAN CITY-LA PORTE, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.63M
Blend (final) Blend
$1.56M

Owner & transaction history

since 2005
1 recorded transaction
2005
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $1.4M +12.4%
Restaurant $1.3M +5.4%

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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