Great Visibility and Location

Retail-Commercial for Sale
Catylist Listing ID: 30138772
Property Subtypes: Street Retail
Building Size (RSF): 1,950 SF
Gross Land Area: 0.34 Acres
Sale Price: $330,456
Unit Price: $169.46 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/28/2017

Overview / Comments

Great location and visibility on this solid property just west of US Hwy 20 and Franklin Street. The US Hwy 20 and Franklin Street intersection is the busiest intersection in Michigan City with traffic counts in front of the building over 19,000 vehicles per day and over 37,000 on Franklin Street. Building features 1,950 sq/ft of open space ready for fresh ideas.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $5,463 (Annual)
Tax Value Land $121,500
Tax Value Improvements $56,800
Assessed Value - Total($) $178,300 (Annual)

Additional Details

Nearest MSA: Michigan City-La Porte
County: LaPorte
Submarket Type: Central Business District
Tax ID/APN: 46-05-08-226-004.000-009
Retail Clientele: General
Property Visibility: Excellent
Feet of Frontage: 125
Traffic/Vehicle Count: 19,000
Highway Access: Frontage on US Hwy 20
Site Description: level
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Average
Year Built: 1969
Construction/Siding: Brick, Other
Total Parking Spaces: 18
Parking Type: Surface
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Air Curtain
Lot Frontage: 125
Lot Depth: 100
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 13-05-08-226-004 N END E1/2 NE1/4 S8 T37 R4 .342 AC

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,481 32,562 44,423
Median Age: 41.43 38.1 40.28
Households: 2,866 12,486 17,445

Contact

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