Financial
Distress signals
Property profile

5510 Franklin St Michigan City, IN 46360

FOR LEASE
Retail space
Property ID
US31-2298873
17,016 SF 2.59 ac lot Built 1996
Last sale Jun 2025 · $500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$43k
Tax billed · 2023
Assessed value$1.44M
Assessed land$556k
Assessed improvement$884k
Effective rate3.00%

Value estimate

· Sep 2026
$2.26M
$2.03M – $2.49M
CAP approach$2.47M
Submarket $/SF estimate$2.05M
NOI build-up
Gross scheduled income$238k
Vacancy & credit loss−$9k
Operating expenses−$69k
NOI · 843,436.84% cap applied$160k

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?
843,436.84%
$160k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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
Storage Facility9.0
Plumbing Service8.9

Location

5510 Franklin St Michigan City, IN 46360
County assessor Recorded deeds · 2 transfers 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

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1811 Franklin, Michigan City, IN 46360-4503 $365,000 Oct 2023 2,263 SF
922 Chicago, Michigan City, IN 46360-4105 $40,000 Jun 2023 3,340 SF
3414 Michigan, Michigan City, IN 46360-6583 $150,000 Mar 2021 3,600 SF
906 Franklin, Michigan City, IN 46360-3512 $430,000 Mar 2020 10,101 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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