Entity Owned Property summary
This expansive industrial property, located at 402 Royal Road in Michigan City, Indiana, offers 400,827 square feet of versatile space ideal for manufacturing, warehousing, distribution, or flex operations. Currently entirely vacant, this multi-tenant building boasts 4 suites, with a minimum divisible space of 50,000 square feet and the potential to lease the entire 400,827 square feet contiguously. Built in 1960 and situated on a substantial 67.35 acres, the property features a 16-foot… ceiling height, ample loading capabilities with 17 loading docks and 4 drive-ins, and extensive parking with 250 spaces. The property benefits from robust power infrastructure, including 480v, 3-phase, 8,000 amps service. Zoned M-1 (Light Industrial), this location offers convenient access and is further enhanced by 11,259 square feet of covered exterior storage. Planned renovations are scheduled for the second quarter of 2023. The property's APN is 46-01-26-400-008.000-022, and it is located in LaPorte County, Indiana, zip code 46360. This is a rare opportunity to secure a significant industrial footprint in a prime location.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 13 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 387,581 SF
- Lot area
- 67.35 ac
- Year built
- 1962
- Stories
- 1
- APN
- 46-01-26-400-008.000-022
- Assessed value · 2023
- $736,100
- Annual tax · 2023
- $22,119
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
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- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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