Property profile

5400 Franklin St Michigan City, IN 46360

OFF-MARKET
Outlet malls
Property ID
US31-1807663
15,511 SF 0.83 ac lot Built 1996
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1996
Construction TYPE NOT SPECIFIED
Total area 15,511 SF
Lot 0.83 ac (35,998 SF)
APN 46-05-09-300-036.000-009
UPID US31-1807663

Cap rate & NOI

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

Location

5400 Franklin St Michigan City, IN 46360-7374
Michigan City metro Census 41400 MICHIGAN CITY-LA PORTE, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$855k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.14M
Blend (final) Blend
$850k

Owner & transaction history

since 2026
Last sale
$845,000
2 recorded transactions
2026
Price N/A
2021
$845,000

Zoning & alternative use

Top alternative use upside
Auto repair, garage $1.2M +12.4%
Restaurant $1.2M +5.4%

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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