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Property profile & analytics
OFF-MARKET Estimated value $3,445,000
Warehouses

402 Royal Rd Michigan City, IN 46360-2769

387,581 SF 67.35 ac lot Built 1962
Entity Owned Absentee Owner Free & Clear
Property ID
US31-2141179
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1962
Construction TYPE NOT SPECIFIED
Total area 387,581 SF
Lot 67.35 ac (2,933,679 SF)
APN 46-01-26-400-008.000-022
UPID US31-2141179
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.45M
Owner & transaction history
Lavender Fields Holdings LLC
Lavender Fields Holdings LLC
since 2026
5 recorded transactions
2026
$57.0M
2026
Price N/A
2023
Price N/A
2023
Price N/A
2013
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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