Property profile

8865 400th N Ste 122 Michigan City, IN 46360

OFF-MARKET
Medical Office Space
Property ID
US31-1549483
20,784 SF 2.01 ac lot Built 2004
Individually Owned 17-yr Hold Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2004
Construction TYPE NOT SPECIFIED
Total area 20,784 SF
Lot 2.01 ac (87,556 SF)
APN 46-05-10-300-016.000-046
UPID US31-1549483

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 Ste, Unit 122 Michigan City, IN 46360-9011
Michigan City metro Census 41400 MICHIGAN CITY-LA PORTE, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$495k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.09M
Blend (final) Blend
$795k

Owner & transaction history

since 2009
2 recorded transactions
2009
Price N/A
2005
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $1.3M +18.6%
Apartment house (5+ units) $1.3M +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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