234 E 2nd St - Industrial FOR SALE


Michigan City, IN 46360
$1,450,000 USD
219-221-0920
234 E 2nd St, Michigan City, IN for Sale
$1,450,000 USD
Industrial - FOR SALE
1/7
null | Request Cap Rate

234 E 2nd St
Michigan City, IN 46360


HIGHLIGHTS

  • Prime Downtown Location
  • Strong Redevelopment / Investment Potential
  • Growing Market Fundamentals

OVERVIEW

Rare opportunity to acquire a 1.89-acre development site located north of Highway 12 in uptown Michigan City. The property, which has a clean phase 1 environmental assessment, is located within Michigan City's Opportunity Zone, North End TIF District, Uptown Arts District, and Urban Enterprise Zone, offering multiple possibilities for financial and redevelopment incentives. The CBD1 site is approximately 1/4 mile from Washington Park and the Lake Michigan shoreline. Property is well-suited for a range of development concepts, including mixed-use, multifamily/loft-style residential, or adaptive reuse of the current +/- 25,000-square-foot brick warehouse, which offers Lake Michigan views from a third story.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$64 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.52

LAND SF

22,651

ZONING

-

APN/PARCEL ID

46-01-29-205-007.000-022

ASK ABOUT THIS PROPERTY

Anna Radtke@properties | Christie's International Real EstateMore Info
219-221-0920

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Anna Radtke@properties | Christie's International Real EstateMore Info
219-221-0920

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