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    Property profile & analytics

    507 Michigan Trl Lakeville, IN 46536-7730

    • Auto shops
    • 2,400 SF
    • 0.37 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Oct 23, 2020
    Location Intelligence
    Property ID
    US31-1546790
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Auto shops

    Property Details for 507 Michigan Trl

    Year built
    1980
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.37 lot acres
    Property size
    2,400 SF
    Property type
    Auto shops
    APN
    71-18-03-231-001.000-028
    APU
    711803231001000028

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lakeville
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.2755
    Latitude
    41.5201
    CBSA code
    43780
    CBSA name
    SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10
    $82,300
    $42,700
    $125,000
    -
    $82,300
    $42,700
    $125,000

    Comparable in this City

    • Value Estimation
      $340,000
      4,720 SF

      64080 Us Hwy 31

      AUTO REPAIR, GARAGE • 4,720 SF
      64080 Us Hwy 31, Lakeville, IN 46536-9548
      View Details
    • Value Estimation
      $360,000
      12,480 SF

      309 Wilson Dr

      AUTO REPAIR, GARAGE • 12,480 SF
      309 Wilson Dr, Lakeville, IN 46536
      View Details
    • Value Estimation
      $270,000
      2,040 SF

      302 Michigan St

      AUTO REPAIR, GARAGE • 2,040 SF
      302 Michigan St, Lakeville, IN 46536-7700
      View Details
    • Value Estimation
      $320,000
      4,320 SF

      66054 Us Hwy 31

      AUTO REPAIR, GARAGE • 4,320 SF
      66054 Us Hwy 31, Lakeville, IN 46536-9788
      View Details
    • Value Estimation
      $335,000
      7,400 SF

      66080 Us Hwy 31

      AUTO REPAIR, GARAGE • 7,400 SF
      66080 Us Hwy 31, Lakeville, IN 46536-9788
      View Details
    • Value Estimation
      $200,000
      8,440 SF

      514 Commerce Dr

      AUTO REPAIR, GARAGE • 8,440 SF
      514 Commerce Dr, Lakeville, IN 46536-9556
      View Details

    Similar Nearby for Sale

    • $525,000
      2.30 Acres

      500 Commerce Dr, Lakeville, IN 46536

      Commercial real estate • 2.30 Acres
      500 Commerce Dr, Lakeville, IN 46536
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    • $195,000
      1.91 Acres

      Lakeville Commercial Land - $195K

      1.9 Acres, High-Traffic Corner Lot
      0 Us 31 & Pierce Rd, Lakeville, IN 46536
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    • Contact for pricing
      0.13 Acres

      Commercial Land in Lakeville, IN

      Prime commercial land in Lakeville, Indiana, ready for development.
      213 S Michigan St, Lakeville, IN 46536
      View Details
    • $49,500
      1.28 Acres

      Lakeville, IN Residential Land

      1.28 acre residential land with lake frontage.
      Tbd Indian School Rd, Lakeville, IN 46536
      View Details
    • $74,900
      4.18 Acres

      Scenic 4-Acre Residential Lot

      Residential land with pond, ideal for building or recreation.
      W 1St Rd, Lakeville, IN 46536
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    • $435,000
      2.30 Acres

      Mixed-Use Building with Warehouse Space

      Mixed-use building featuring warehouse and office space with ample parking.
      500 Commerce Dr, Lakeville, IN 46536
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      1,320 SF

      Lakeville Retail Space For Lease

      Restaurant Space, Multiple Units Available
      410 Motts Aly, Lakeville, IN 46536
      View Details
    • $5,000 /Mo
      12,100 SF

      Mixed-Use Building with Warehouse Space

      Mixed-use building with warehouse and office space for lease.
      500 Commerce Dr, Lakeville, IN 46536
      View Details
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    507 Michigan Trl
    Lakeville, IN 46536-7730
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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