Property profile

6101 Cleveland Ave Michigan City, IN 46360

OFF-MARKET
Warehouses
Property ID
US31-3178068
64,000 SF 8.61 ac lot Built 2017
Entity Owned 9-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 54,000-square-foot warehouse in Michigan City, Indiana, presents a significant opportunity for industrial businesses seeking immediate occupancy. Located at 6101 Cleveland Ave, LaPorte County, this single-tenant property boasts a spacious layout ideal for various operations. The building features a substantial 24-foot ceiling height, providing ample vertical storage capacity. Efficient loading and unloading are ensured with eight loading docks and four drive-in doors, facilitating smooth logistics. The property's robust electrical system includes a 1200 AMP 120/208 main service and a 200 AMP secondary service, capable of supporting power-intensive operations. The entire 54,000 square feet is currently vacant, offering immediate possession for a new tenant. This prime industrial space is situated in Michigan City, Indiana, zip code 46360, offering convenient access to transportation networks and a strategic location within LaPorte County. The property's size, features, and location make it an attractive option for businesses seeking a substantial and functional warehouse space. Contact us today to schedule a viewing and explore the possibilities this property offers.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2017
Construction TYPE NOT SPECIFIED
Total area 64,000 SF
Lot 8.61 ac (375,052 SF)
APN 46-05-09-127-031.000-009
UPID US31-3178068

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
  • Distribution Center Logistics Company
  • Industrial Manufacturer Production Facility

Location

6101 Cleveland Ave Michigan City, IN 46360-7983
Michigan City metro Census 41400 MICHIGAN CITY-LA PORTE, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$4.55M
Comparable Approach Comparable
$3.93M
Blend (final) Blend
$4.24M

Owner & transaction history

since 2017
2 recorded transactions
2022
Price N/A
2017
$500,000

Zoning & alternative use

Top alternative use upside
Auto repair, garage $5.1M +127.8%
Restaurant $4.8M +113.7%
Retail stores $4.5M +102.6%

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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