5172-5184 Franklin St - Freestanding FOR SALE


Michigan City, IN 46360
$4,017,000 USD
630-368-8609
5172-5184 Franklin St, Michigan City, IN for Sale
$4,017,000 USD
Freestanding - FOR SALE
1/11
null | 8.25% Cap Rate

5172-5184 Franklin St
Michigan City, IN 46360


HIGHLIGHTS

  • 100% Occupied, Fully Stabilized Investment
  • Traffic Generating Shadow Anchors
  • Excellent Visibility and Accessibility
  • Strong Performing Regional Retail Corridor
  • Expansive Trade Area Demographics | 190,323 Population

OVERVIEW

CBRE’s National Retail Partners - Midwest is pleased to present to qualified individuals, the opportunity to acquire 100% fee interest in Michigan City Marketplace, a fully occupied 18,500-square-foot shopping center shadow anchored by Meijer and Lowe’s Home Improvement. The Property is highly visible and strategically positioned along Franklin Street with 22,554 vehicles passing per day. Michigan City Marketplace features a diverse line up of tenants, including American Mattress, ATI Physical Therapy, Gelsosomo’s Pizzeria AT&T Mobility, Insure One, and MC Nutrition. The Property is located along the Franklin Street retail corridor in Michigan City, the dominant retail hub for northwest Indiana. The submarket is anchored by many national retailers including Menards, Kohl’s, AMC Theaters, ROSS, Walmart Superstore and many more. Michigan City Marketplace is located in Michigan City, Indiana, a thriving northwest suburb of LaPorte County and located three miles south of the Lighthouse Place Premium Outlets and Blue Chip Casino Hotel and Spa in the LaPorte Submarket. Additionally, the Gary/Chicago International Airport is conveniently situated 31 miles to the west and downtown Chicago is just an hour’s drive, located 66 miles northwest of Michigan City Marketplace.

FOR SALE DETAILS

PRICE

$4,017,000 USD

PRICE/SF

$220 USD /SF

CAP RATE

8.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Michigan City Marketplace

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

95

LAND DETAILS

LAND ACRES

1.72 AC

LAND SF

74,923 SF

ZONING

-

APN/PARCEL ID

46-05-09-151-012.000-009

ASK ABOUT THIS PROPERTY

Adam ForetCBREMore Info
630-368-8609

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Adam ForetCBREMore Info
630-368-8609

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