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    Michigan City, IN
    Shopping Center

    Michigan City, IN Shopping Centers for Sale

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    Neighborhood Shopping Center
    Updated: Aug 5
    Neighborhood Shopping Center

    1700-1724 E HWY 20, Michigan City, IN 46360

    Contact for pricing
    23,780 sqft
    23,780‑square‑foot retail center built in 1985
    79.82% occupied with approximately 4,800 square feet available
    Three vacant 1,600‑square‑foot suites
    8.58% going‑in capitalization rate
    Fronts US Highway 20, carrying over 19,000 vehicles per day
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 60 Potential Opportunities for your consideration. Besides 1 Active listings in Michigan City, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 51 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Neighborhood Shopping Center Anchored by Grocery
    Neighborhood Shopping Center Anchored by Grocery

    926 Erskine Plaza, South Bend, IN 46614

    Contact for pricing
    91,862 sqft

    Multi-tenant neighborhood center zoned C-Commercial, anchored by Martin’s Super Market and featuring a Greenbush Brewpub adjacent to it.

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    Merrillville Retail Shopping Center
    Merrillville Retail Shopping Center

    6110 Broadway, Merrillville, IN 46410

    Contact for pricing
    184,721 sqft

    Multi-tenant retail center with value-add repositioning opportunities.

    View details
    Multi-Tenant Retail Shopping Center
    Multi-Tenant Retail Shopping Center

    7880-7896 Broadway, Merrillville, IN 46410

    Contact for pricing
    48,327 sqft

    Liberty Square is a multi-tenant retail center on Broadway with recent roof and rooftop HVAC improvements.

    View details
    Shopping Center with Lease-Up Potential
    Shopping Center with Lease-Up Potential

    4401 W Western Ave, South Bend, IN 46619

    Contact for pricing
    99,726 sqft

    99,726 SF center includes vacant 39,500 SF unit plus outparcels and a 1.5-acre ALDI pad site with LOI.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    General Commercial Development Land
    General Commercial Development Land

    S Woodland Avenue, Michigan City, IN 46360

    $299,000
    17.53 AC lot

    Flat, out-of-floodplain commercial land with 250 feet of road frontage on S Woodland Ave and city water/sewer, electric, and gas available.

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    Michigan City Commercial Land Parcel
    Michigan City Commercial Land Parcel

    W 400 N, Michigan City, IN 46360

    $1,050,000
    21.81 AC lot

    21.814 acres of commercial land in Michigan City, IN.

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    Merrillville Land on US 30
    Merrillville Land on US 30

    5103 E Lincoln, Merrillville, IN 46410

    $749,900
    5.15 AC lot

    5+ acres on US 30 ready for development.

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    Prime Commercial Land Opportunity
    Prime Commercial Land Opportunity

    13500 Morse Street, Cedar Lake, IN 46303

    $450,000
    2.35 AC lot

    2.34-acre commercial land for development in Cedar Lake, Indiana.

    View details

    Off-Market Properties in Michigan City, IN

    Consider similar Off-Market properties in Michigan City, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    111 Skwiat Legion Ave
    SHOPPING CENTER, STRIP CENTER

    111 Skwiat Legion Ave, Michigan City, IN 46360-4550

    Value Estimation by Request
    2,072 sqft 0.14 AC lot
    View details
    Marquette Mall
    REGIONAL SHOPPING CENTER, MALL

    Marquette Mall, Michigan City, IN 46360

    $5,375,000
    Estimated value
    520,140 sqft 22.32 AC lot
    View details
    5174 Franklin St
    SHOPPING CENTER, STRIP CENTER

    5174 Franklin St, Michigan City, IN 46360-7878

    $3,580,000
    Estimated value
    18,600 sqft 1.72 AC lot
    View details
    Franklin St
    WHOLESALE OUTLET, DISCOUNT STORE

    Franklin St, Michigan City, IN 46360

    $15,760,000
    Estimated value
    229,606 sqft 24.92 AC lot
    View details
    5100 Franklin St
    WHOLESALE OUTLET, DISCOUNT STORE

    5100 Franklin St, Michigan City, IN 46360

    $3,045,000
    Estimated value
    129,367 sqft 16.04 AC lot
    View details
    1700 Us Hwy 20th, Unit 1724
    SHOPPING CENTER, STRIP CENTER

    1700 Us Hwy 20th, Michigan City, IN 46360-7502

    Unit 1724
    $570,000
    Estimated value
    19,456 sqft 2.76 AC lot
    View details
    1106 Us Hwy 20
    WHOLESALE OUTLET, DISCOUNT STORE

    1106 Us Hwy 20, Michigan City, IN 46360-7573

    $635,000
    Estimated value
    24,241 sqft 0.72 AC lot
    View details
    1001 Us Hwy 20
    WHOLESALE OUTLET, DISCOUNT STORE

    1001 Us Hwy 20, Michigan City, IN 46360-7467

    $595,000
    Estimated value
    8,450 sqft 1.20 AC lot
    View details
    5400 Franklin St
    WHOLESALE OUTLET, DISCOUNT STORE

    5400 Franklin St, Michigan City, IN 46360-7374

    $850,000
    Estimated value
    15,511 sqft 0.83 AC lot
    View details
    3301 Franklin St
    SHOPPING CENTER, STRIP CENTER

    3301 Franklin St, Michigan City, IN 46360-7079

    Value Estimation by Request
    4,263 sqft 0.20 AC lot
    View details
    3207 Franklin St
    SHOPPING CENTER, STRIP CENTER

    3207 Franklin St, Michigan City, IN 46360-7005

    $685,000
    Estimated value
    28,750 sqft 2.34 AC lot
    View details
    5200 Franklin St
    SHOPPING CENTER, STRIP CENTER

    5200 Franklin St, Michigan City, IN 46360-7372

    Value Estimation by Request
    8,640 sqft 1.60 AC lot
    View details
    4301 Franklin St
    SHOPPING CENTER, STRIP CENTER

    4301 Franklin St, Michigan City, IN 46360-7806

    $2,015,000
    Estimated value
    118,686 sqft 21.85 AC lot
    View details
    4421 Franklin St
    WHOLESALE OUTLET, DISCOUNT STORE

    4421 Franklin St, Michigan City, IN 46360-7396

    $2,955,000
    Estimated value
    23,500 sqft 1.94 AC lot
    View details
    2034 Us Hwy 20th, Unit 2054
    SHOPPING CENTER, STRIP CENTER

    2034 Us Hwy 20th, Michigan City, IN 46360-7682

    Unit 2054
    $985,000
    Estimated value
    41,981 sqft 4.04 AC lot
    View details
    100 Us Hwy 20th, Unit 360
    WHOLESALE OUTLET, DISCOUNT STORE

    100 Us Hwy 20th, Michigan City, IN 46360-7376

    Unit 360
    $3,645,000
    Estimated value
    27,458 sqft 16.15 AC lot
    View details
    2303 Michigan Blvd
    SHOPPING CENTER, STRIP CENTER

    2303 Michigan Blvd, Michigan City, IN 46360-5321

    $795,000
    Estimated value
    49,951 sqft 5.92 AC lot
    View details
    4213 Franklin St
    SHOPPING CENTER, STRIP CENTER

    4213 Franklin St, Michigan City, IN 46360-7805

    $580,000
    Estimated value
    20,900 sqft 1.47 AC lot
    View details
    2821 Us Hwy 12
    WHOLESALE OUTLET, DISCOUNT STORE

    2821 Us Hwy 12, Michigan City, IN 46360-2167

    $1,195,000
    Estimated value
    9,230 sqft 2.67 AC lot
    View details
    Marquette Mall Complex
    WHOLESALE OUTLET, DISCOUNT STORE

    Marquette Mall Complex, Michigan City, IN 46360

    $1,080,000
    Estimated value
    50,600 sqft 7.29 AC lot
    View details
    2872 Dunes Hwy
    WHOLESALE OUTLET, DISCOUNT STORE

    2872 Dunes Hwy, Michigan City, IN 46360-8456

    $1,545,000
    Estimated value
    9,301 sqft 1.04 AC lot
    View details
    290 Us Hwy 20th, Unit 298
    SHOPPING CENTER, STRIP CENTER

    290 Us Hwy 20th, Michigan City, IN 46360-7359

    Unit 298
    Value Estimation by Request
    11,290 sqft 1.50 AC lot
    View details
    1000 Karwick Rd
    SHOPPING CENTER, STRIP CENTER

    1000 Karwick Rd, Michigan City, IN 46360

    $1,120,000
    Estimated value
    51,658 sqft 9.69 AC lot
    View details

    Michigan City, IN Shopping Centers Market Trends and Statistics

    Explore 52 shopping centers for sale in Michigan City, IN on our real estate platform. These investment opportunities span a total of 23,780 square feet of properties for sale.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Storefront properties 5
    Automotive properties 3
    Car washes 2
    Shopping centers 2
    Banks 1

    Demographics Overview

    Population 44K
    Population Growth (5Y) +0.7%
    Median Household Income $59,641
    College Educated 15.5%

    Taxes & Financing

    Tax Rate (average for all types) 2.64%
    Property Tax per SF $45.66 per SF
    Tax Rate vs County Average 0.23 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in LaPorte County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in LaPorte County

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