Property profile

Franklin St Michigan City, IN 46360

OFF-MARKET
Outlet malls
Property ID
US31-3112988
229,606 SF 24.92 ac lot Built 1996
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1996
Construction TYPE NOT SPECIFIED
Total area 229,606 SF
Lot 24.92 ac (1,085,515 SF)
APN 46-05-09-151-010.000-009
UPID US31-3112988

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Franklin St Michigan City, IN 46360
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
by Request
Comparable Approach Comparable
$13.05M
Blend (final) Blend
$15.76M

Owner & transaction history

since 2024
1 recorded transaction
2024
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $18.2M +12.4%
Restaurant $17.1M +5.4%

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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