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Financial
Distress signals
Property profile

4421 Franklin St Michigan City, IN 46360

OFF-MARKET
Outlet malls
Property ID
US31-2275933
23,500 SF 1.94 ac lot Built 1998
Last sale Dec 2020
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$48k
Tax billed · 2023
Assessed value$1.61M
Assessed land$632k
Assessed improvement$975k
Effective rate3.00%

Value estimate

· Oct 2026
$2.96M
$2.66M – $3.25M
CAP approach$3.41M
Submarket $/SF estimate$2.51M

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLA PORTE

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility9.7
Law Firm9.0
Plumbing Service8.9

Location

4421 Franklin St Michigan City, IN 46360-7396
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

1 recorded sale · 15 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
5400 Franklin, Michigan City, IN 46360-7374 $845,000 Dec 2021 15,511 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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