332 W Us-20 - Warehouse FOR SALE


Michigan City, IN 46360
$1,125,000 USD
574-286-9159
332 W Us-20, Michigan City, IN for Sale
$1,125,000 USD
Warehouse - FOR SALE
1/9
null | Request Cap Rate

332 W Us-20
Michigan City, IN 46360


HIGHLIGHTS

  • Excellent location & a few minutes from busy Franklin Street in Michigan City with a traffic count of over 19,000 vehicles daily
  • Zoned B-2 General Commercial District which allows uses such as restaurant, retail, and hotel
  • Limited competition
  • Ample parking - 45,700 SF of paved parking

OVERVIEW

View Property Video https://www.youtube.com/watch?v=cl-u8xw8Jo0 NAI Cressy is pleased to have the exclusive listing of a portfolio of two properties. The first is 332 W. US Hwy. 20 in Michigan City. This industrial building is 38,190 SF and sits on more than 2 acres in growing Michigan City. It has overhead doors servicing the building, municipal water and sewer, as well as a value-added annual income from the billboard on premises. The site is adjacent to Dunes Plaza Shopping Mall with long-standing tenants such as Pet Smart, TJ Maxx, Dollar General, Ross, and Five Below. • Excellent location & a few minutes from busy Franklin Street in Michigan City with a traffic count of over 19,000 vehicles daily. • Zoned B-2 General Commercial District which allows uses such as restaurant, retail, and hotel. • Limited competition. • Ample parking - 45,700 SF of paved parking. • Part of a portfolio that adds extra acres for property development. • Municipal water and sewer. The second property in the portfolio is adjacent 402 W. US Hwy. 20, a restaurant that sits on 2.3 acres. The properties can be sold separately or together. This building is conveniently located on E. Michigan Blvd. (US 20) in Michigan City, IN with an average daily traffic count of over 13,000 vehicles per day, providing easy access to Michigan City’s waterfront and beaches, the City of LaPorte and the small beach towns along the coast of Lake Michigan. The property is surrounded by local and national retailers, commercial businesses, and residential neighborhoods. It is only .5 miles from US 421 and busy Franklin St. into downtown Michigan City, and only 2 miles from I-94.

FOR SALE DETAILS

PRICE

$1,125,000 USD

PRICE/SF

$29 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

UTILITIES

Water, Sewer

CLEAR CEILING HT

-

DOCKS

5

DRIVE INS

1

PARKING SPACES

25

LAND DETAILS

LAND ACRES

2.03

LAND SF

88,427

ZONING

B-2

APN/PARCEL ID

46-05-08-202-001.000-009

ASK ABOUT THIS PROPERTY

Roy RoelkeNAI CressyMore Info
574-286-9159

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Roy RoelkeNAI CressyMore Info
574-286-9159

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.