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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 8
    Neighborhood Shopping Center

    1700-1724 US-20, Michigan City, IN 46360

    $1,475,000
    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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    See hot listings in Michigan City

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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    Based on your search, we've compiled 59 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 3 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.

    10-Unit Neighborhood Strip Mall
    10-Unit Neighborhood Strip Mall

    2501-17 W 79th St, Chicago, IL 60652

    Contact for pricing
    13,275 sqft

    B1-zoned retail center with established tenant occupancy and one available unit.

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

    10800 S Doty Ave, Chicago, IL 60628

    Contact for pricing
    72,533 sqft 18.90 AC lot

    Large retail property in Chicago’s Pullman Park with established commercial surroundings and a substantial consumer and employment base.

    View details
    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

    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.

    B2-Zoned Commercial Land
    B2-Zoned Commercial Land

    S Woodland Avenue, Michigan City, IN 46360

    $299,000
    17.53 AC lot

    Flat, out-of-floodplain site with public water, sewer, electric, and gas at the property.

    View details
    Highway Commercial Land
    Highway Commercial Land

    W 400 N, Michigan City, IN 46360

    $1,050,000
    21.81 AC lot

    B-3-zoned development land with public water and sewer access at the street.

    View details
    Commercial Land with Highway Frontage
    Commercial Land with Highway Frontage

    5103 E Lincoln, Merrillville, IN 46410

    $749,900
    5.15 AC lot

    Planned B3 zoning permits office, retail, recreation, and automotive-oriented uses with utilities already serving the site.

    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

    Estimated value:
    $250,000
    2,072 sqft 0.14 AC lot
    View details
    Marquette Mall
    REGIONAL SHOPPING CENTER, MALL

    Marquette Mall, Michigan City, IN 46360

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

    5174 Franklin St, Michigan City, IN 46360-7878

    Estimated value:
    $3,395,000
    18,600 sqft 1.72 AC lot
    View details
    Franklin St
    WHOLESALE OUTLET, DISCOUNT STORE

    Franklin St, Michigan City, IN 46360

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

    5100 Franklin St, Michigan City, IN 46360

    Estimated value:
    $3,045,000
    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
    Estimated value:
    $385,000
    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

    Estimated value:
    $485,000
    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

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

    5400 Franklin St, Michigan City, IN 46360-7374

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

    3301 Franklin St, Michigan City, IN 46360-7079

    Estimated value:
    $240,000
    4,263 sqft 0.20 AC lot
    View details
    3207 Franklin St
    SHOPPING CENTER, STRIP CENTER

    3207 Franklin St, Michigan City, IN 46360-7005

    Estimated value:
    $660,000
    28,750 sqft 2.34 AC lot
    View details
    5200 Franklin St
    SHOPPING CENTER, STRIP CENTER

    5200 Franklin St, Michigan City, IN 46360-7372

    Estimated value:
    $465,000
    8,640 sqft 1.60 AC lot
    View details
    4301 Franklin St
    SHOPPING CENTER, STRIP CENTER

    4301 Franklin St, Michigan City, IN 46360-7806

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

    4421 Franklin St, Michigan City, IN 46360-7396

    Estimated value:
    $2,955,000
    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
    Estimated value:
    $790,000
    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
    Estimated value:
    $3,645,000
    27,458 sqft 16.15 AC lot
    View details
    2303 Michigan Blvd
    SHOPPING CENTER, STRIP CENTER

    2303 Michigan Blvd, Michigan City, IN 46360-5321

    Estimated value:
    $645,000
    49,951 sqft 5.92 AC lot
    View details
    4213 Franklin St
    SHOPPING CENTER, STRIP CENTER

    4213 Franklin St, Michigan City, IN 46360-7805

    Estimated value:
    $510,000
    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

    Estimated value:
    $405,000
    9,230 sqft 2.67 AC lot
    View details
    Marquette Mall Complex
    WHOLESALE OUTLET, DISCOUNT STORE

    Marquette Mall Complex, Michigan City, IN 46360

    Estimated value:
    $515,000
    50,600 sqft 7.29 AC lot
    View details
    2872 Dunes Hwy
    WHOLESALE OUTLET, DISCOUNT STORE

    2872 Dunes Hwy, Michigan City, IN 46360-8456

    Estimated value:
    $405,000
    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
    Estimated value:
    $335,000
    11,290 sqft 1.50 AC lot
    View details
    1000 Karwick Rd
    SHOPPING CENTER, STRIP CENTER

    1000 Karwick Rd, Michigan City, IN 46360

    Estimated value:
    $835,000
    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, with an estimated market value of $1,475,000.

    Sale prices for plazas in Michigan City, IN average $1,475,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Storefront properties 9
    Automotive properties 4
    Car washes 3
    Auto shops 1
    Self service car washes 1

    Demographics Overview

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

    High-Yield Neighborhoods for Investment

    Identify Michigan City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    46360 $1.5M

    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)

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    Most Searched ZIP Codes in Michigan City, IN

    • 46360

    Featured Michigan City Real Estate Agencies

    Realmo connects you with licensed Michigan City CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Century 21 Middleton Co.
    4121 S. Franklin St Michigan City, IN 46360
    Phone: 12198742121
    www.C21Middleton.com
    d'aprile properties llc
    827 1/2 Franklin Street Michigan City, IN 46360
    Phone: 12198774014
    www.daprileproperties.com

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