4100-4112 Franklin St, Michigan City, IN for Sale
Storefront - FOR SALE
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4100-4112 Franklin St
Michigan City, IN 46360


HIGHLIGHTS

  • Value-Add Opportunity: Michigan City Plaza is 27.9% occupied, with 62,232 SF of vacant space available
  • Traffic Generating Surrounding Retailers: Surrounded by major national retailers, including Kohls, TJ Maxx, Meijer, ALDI, Walmart, Menards and More
  • Excellent Visibility and Accessibility: Situated just off the fully signalized, hard-corner intersection of Franklin Street (22,554 VPD) and Highway
  • Strong Performing Regional Retail Corridor: Dominant retail hub for northwest Indiana, with over 1.8 million square feet of retail space.
  • Low Taxes: Indiana’s low property tax expense. This lower rate than surrounding markets will allow an investor to drive their base rent & bottom line
  • Notable Economic Development

OVERVIEW

CBRE’s National Retail Partners - Midwest is pleased to present to qualified individuals the opportunity to acquire 100% fee interest in Michigan City Plaza, a ±86,297 square foot shopping center located in Michigan City, Indiana. The Property is highly visible and strategically positioned at the intersection of Franklin Street and Highway 20, with over 36,700 vehicles passing per day. Michigan City Plaza 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 Meijer, Menards, Lowe’s Home Improvement, Kohl’s, AMC Theaters, ROSS, Walmart Superstore, and many more. The Property is located 3 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 Plaza. This Property presents a value-creation opportunity, with 62,232 square feet of retail space available. This space can be leased as is or divided to accommodate diverse tenant needs.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Michigan City Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

427

LAND DETAILS

CROSS STREETS

S.R. 421 & S.R. 20

LAND ACRES

7.54 AC

LAND SF

328,442 SF

ZONING

B2

APN/PARCEL ID

46-05-05-999-011.000-009

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Adam ForetCBREMore Info

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