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    Property profile & analytics

    Friendship Gdns Michigan City, IN 46360

    • Specialty properties
    • 13.00 lot acres
    OFF-MARKET
    Value Estimation
    $260,000
    Location Intelligence
    Property ID
    US31-2993478
    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.

    Current Use by Public Records

    • Isalis / Women'S Clothing Store / Jewelry Store
    • Party City / Party Store / Balloon Store
    • Skunk Funk / Corporate Campus / Wholesaler
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop

    Property Details for Friendship Gdns

    Lot size
    13.00 lot acres
    Property type
    Specialty properties
    APN
    46-01-22-451-003.000-025
    APU
    460122451003000025

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $255,000

    • CAP approach

      CAP return
      Estimation
      6%
      $250,000
      6.5%
      $295,000
      7%
      $275,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $230,000
      Geo Method
      $220,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $285,000
      Retail
      $310,000
      Mixed-Use
      $255,000
      Hospitality
      $290,000
      Educational
      $320,000
      Residential Income
      $270,000
      Energy
      $250,000
      Income-Based Land
      $250,000
      Food Service
      $310,000

    Location Insight

    • Map
    • Local Demand
    City
    Michigan City
    County
    Laporte
    State
    Indiana
    Longitude
    -86.8598
    Latitude
    41.7272
    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
    $0.00
    $455,000
    $0.00
    $455,000
    -
    $455,000
    $0.00
    $455,000

    Comparable in this City

    • Value Estimation by Request
      0.21 Acres

      6th St

      CHARITABLE ORGANIZATION • 0.21 Acres
      6th St, Michigan City, IN 46360
      View Details
    • Value Estimation by Request
      0.16 Acres

      7th E Ct

      FUNERAL HOME • 0.16 Acres
      7th E Ct, Michigan City, IN 46360
      View Details
    • Value Estimation by Request
      0.00 Acres

      Karwick Rd

      CHARITABLE ORGANIZATION • 0.00 Acres
      Karwick Rd, Michigan City, IN 46360
      View Details
    • Value Estimation by Request
      1,870 SF

      410 William St

      CHARITABLE ORGANIZATION • 1,870 SF
      410 William St, Michigan City, IN 46360-4267
      View Details
    • Value Estimation by Request
      4,050 SF

      Ww 275th Nn

      CHARITABLE ORGANIZATION • 4,050 SF
      Ww 275th Nn, Michigan City, IN 46360
      View Details
    • Value Estimation
      $190,000
      0.14 Acres

      Lakeshore Dr

      CHARITABLE ORGANIZATION • 0.14 Acres
      Lakeshore Dr, Long Beach, IN 46360
      View Details

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      Corner Lot in Michigan City

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    Similar Nearby for Lease

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      Prime Michigan City retail space available.
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      Retail space with open floor plan and high visibility.
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      Adaptable commercial space suitable for various creative and professional uses.
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      View Details
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    Friendship Gdns
    Michigan City, IN 46360
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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