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Property profile & analytics
FOR SALE
Outlet malls

4421 Franklin St Michigan City, IN 46360

23,500 SF 1.94 ac lot Built 1998
Entity Owned 5-yr Hold Absentee Owner Free & Clear
Property ID
US31-2275933
Property summary
AI-generated overview

This exceptional 1.2-acre commercial land parcel presents a unique investment opportunity in Michigan City, Indiana. Situated at 4421 Franklin St, this property boasts a highly desirable location within a major regional retail corridor, offering unparalleled accessibility and visibility. Its strategic placement provides easy access to I-94, ensuring high traffic volume and convenient access for customers and employees. The site is part of the Michigan City Town Center, representing the largest concentration of retail businesses within a 25-mile radius, surrounded by significant traffic generators. This prime location offers substantial potential for a variety of commercial developments, making it an ideal site for businesses seeking high visibility and strong customer traffic. The property is designated as an anchor building pad, perfect for a flagship store or a large-scale commercial project. This is a rare opportunity to acquire a substantial land parcel in a thriving retail hub, offering significant long-term growth potential. The address is 4421 Franklin St, Michigan City, IN 46360, in LaPorte County. The property's latitude and longitude coordinates are 41.6713266, -86.8954839 respectively. This is a for-sale opportunity.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1998
Construction TYPE NOT SPECIFIED
Total area 23,500 SF
Lot 1.94 ac (84,550 SF)
APN 46-05-08-429-008.000-009
UPID US31-2275933
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
Current use
Occupant on record · Public records
  • Gordon Food Service Store Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.41M
Comparable Approach Comparable
$2.51M
Blend (final) Blend
$2.96M
Owner & transaction history
Indina Retail Stores LLC · 5 yrs held
Indina Retail Stores LLC
since 2020
1 recorded transaction
2020
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $1.9M +12.4%
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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