Property profile

5200 Franklin St Michigan City, IN 46360

OFF-MARKET
Strip malls
Property ID
US31-2844047
8,640 SF 1.6 ac lot Built 2016
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2016
Construction TYPE NOT SPECIFIED
Total area 8,640 SF
Lot 1.6 ac (69,522 SF)
APN 46-05-09-151-033.000-009
UPID US31-2844047

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
  • Garden Center
  • General Contractor
  • Building Supply Industrial Manufacturer
  • Building Supply Hardware & Home Improvement
  • Locksmith (Bike/Boat/Book/etc) Store

Location

5200 Franklin St Michigan City, IN 46360-7372
Michigan City metro Census 41400 MICHIGAN CITY-LA PORTE, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$460k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$465k

Owner & transaction history

since 2021
2 recorded transactions
2021
Price N/A
2016
Price N/A

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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