Property profile

5174 Franklin St Michigan City, IN 46360

OFF-MARKET
Strip malls
Property ID
US31-1663327
18,600 SF 1.72 ac lot Built 1996
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1996
Construction TYPE NOT SPECIFIED
Total area 18,600 SF
Lot 1.72 ac (74,923 SF)
APN 46-05-09-151-012.000-009
UPID US31-1663327

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency
  • Insurance Agency

Location

5174 Franklin St Michigan City, IN 46360-7878
Michigan City metro Census 41400 MICHIGAN CITY-LA PORTE, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.42M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.40M

Owner & transaction history

since 2025
Last sale
$3.8M
1 recorded transaction
2025
$3.8M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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