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    Property profile & analytics

    5820 Franklin St Michigan City, IN 46360-7843

    • Hotels
    • 110,074 SF
    • 2.88 lot acres
    OFF-MARKET
    Value Estimation
    $720,000
    Location Intelligence
    Property ID
    US31-2093958
    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

    • Clarion Inn / Hotel
    • Banquet- Hall-Rental-Crawford / Banquet Hall
    • Ramada by Wyndham Michigan City / Hotel / Inn
    • Crawford's Pub and Eatery / Banquet Hall / Bar

    Property Details for 5820 Franklin St

    Year built
    1972
    Construction
    TYPE NOT SPECIFIED
    Lot size
    2.88 lot acres
    Property size
    110,074 SF
    Property type
    Hotels
    Property subtype
    Motels
    APN
    46-05-09-300-005.000-009
    APU
    460509300005000009

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $735,000

    • CAP approach

      CAP return
      Estimation
      6%
      $660,000
      6.5%
      $715,000
      7%
      $755,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $795,000
      Geo Method
      $780,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $600,000
      Retail
      $815,000
      Mixed-Use
      $795,000
      Hospitality
      $715,000
      Educational
      $625,000
      Residential Income
      $620,000
      Energy
      $670,000
      Income-Based Land
      $755,000
      Food Service
      $620,000

    Location Insight

    • Map
    • Local Demand
    City
    Michigan City
    County
    Laporte
    State
    Indiana
    Longitude
    -86.8929
    Latitude
    41.6669
    CBSA code
    33140
    CBSA name
    MICHIGAN CITY-LA PORTE, IN 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
    $34,072
    $442,400
    $240,900
    $683,300
    -
    $442,400
    $240,900
    $683,300

    Comparable in this City

    • Value Estimation by Request
      31,512 SF

      3805 Frontage Rd

      HOTEL/MOTEL • 31,512 SF
      3805 Frontage Rd, Michigan City, IN 46360-0022
      View Details
    • Value Estimation
      $475,000
      10,938 SF

      3944 Franklin St

      HOTEL/MOTEL • 10,938 SF
      3944 Franklin St, Michigan City, IN 46360-7315
      View Details
    • Value Estimation by Request
      57,102 SF

      3674 Frontage Rd

      HOTEL/MOTEL • 57,102 SF
      3674 Frontage Rd, Michigan City, IN 46360-0024
      View Details
    • Value Estimation by Request
      58,932 SF

      401 Kieffer Rd

      HOTEL/MOTEL • 58,932 SF
      401 Kieffer Rd, Michigan City, IN 46360-9579
      View Details
    • Value Estimation by Request
      1,820 SF

      3221 Dunes Hwy

      HOTEL/MOTEL • 1,820 SF
      3221 Dunes Hwy, Michigan City, IN 46360-6711
      View Details
    • Value Estimation
      $765,000
      15,114 SF

      3934 Frontage Rd

      HOTEL/MOTEL • 15,114 SF
      3934 Frontage Rd, Michigan City, IN 46360-9264
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing
      5,350 SF

      Franklin Street Station Retail

      Prime Michigan City retail space available.
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    • $9 SF/Yr

      Retail Space Near Highway 80/94

      Retail space with open floor plan and high visibility.
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      View Details
    • Contact for pricing
      1,360 SF

      Retail Space on Franklin Street

      Retail spaces available on heavily trafficked US Highway 421.
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      View Details
    • $5 SF/Yr
      50,600 SF

      Prime Michigan City Flex Space

      50,000 SF Warehouse/Flex Available
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    • $9 SF/Yr
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      Prime Retail Space, La Porte County

      5,756 SF Available, High Traffic Area
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    • $18 SF/Yr
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      Cadence Plaza Coworking Space

      Downtown Michigan City Office Suites
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      View Details
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    Michigan City, IN 46360-7843
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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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