Property profile

8865 400th N Michigan City, IN 46360

OFF-MARKET
Medical Office Space
Property ID
US31-2027515
20,414 SF 3.32 ac lot Built 1996
Entity Owned 13-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1996
Construction TYPE NOT SPECIFIED
Total area 20,414 SF
Lot 3.32 ac (144,532 SF)
APN 46-05-10-300-018.000-046
UPID US31-2027515

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
  • Physician Medical Clinic
  • Physician
  • Physician
  • Pediatrician Physician
  • Pediatrician

Location

8865 400th N Michigan City, IN 46360-9222
Michigan City metro Census 41400 MICHIGAN CITY-LA PORTE, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$480k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.03M
Blend (final) Blend
$760k

Owner & transaction history

since 2013
3 recorded transactions
2013
Price N/A
2010
Price N/A
2007
$300

Zoning & alternative use

Top alternative use upside
Apartment house (5+ units) $1.2M +13.4%

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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