717 Michigan Ave La Porte, IN 46350
Property profile & analytics
717 Michigan Ave La Porte, IN 46350
- Retail space
- 20,868 SF
- 0.13 lot acres
Property ID
US31-1715383
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.
Location Intelligence
Current Use by Public Records
- John T. Heroldt, EdD / Physician / Medical Clinic
- Edward Jones - Financial Advisor: Jonathan E Salisbury, AAMS® / Financial Advisor
- Hair by Hannah Watt / Hair Salon
- Parcel Port / Courier Service / Postal Service
- UPS Authorized Shipping Outlet / Courier Service / Postal Service
Property Details for 717 Michigan Ave
- Year built
- 1889
- Construction
- WOOD
- Lot size
- 0.13 lot acres
- Property size
- 20,868 SF
- Property type
- Retail space
- APN
- 46-06-35-439-012.000-043
- APU
- 460635439012000043
Description
This exceptional 20,868-square-foot, three-story Class C office building, constructed in 1889, is situated in the heart of historic downtown La Porte, Indiana. The property, located at 717 Michigan Ave (APN 46-06-35-439-012.000-043), sits on a 0.127-acre lot and offers a unique investment opportunity. Currently, the first two floors are fully leased with long-term tenants, providing a stable rental income stream. The third floor is available for an owner-occupier seeking additional rental income or conversion into multi-residential apartments. This multi-tenant building boasts elevator access to all floors and benefits from a large, adjacent parking lot—a rare amenity for a downtown location. Its prime location qualifies it for the Urban Enterprise Grant Program, and its proximity to major highways (including easy access to Hwy 35/39 and State Hwy 2) and the planned South Shore double-track train project enhances its appeal. The South Shore expansion will significantly improve La Porte County's accessibility to Chicago by rail. This property presents a compelling blend of historical charm, strong rental income potential, and strategic location. The asking price is $725,000.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $445,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $676,000
Market price range: $677k - $1.79M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- La Porte
- County
- Laporte
- State
- Indiana
- Longitude
- -86.7205
- Latitude
- 41.6107
- 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
$7,920
$30,900
$206,000
$236,900
-
$30,900
$206,000
$236,900
