3414 E Michigan Blvd

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30672321
Property Subtypes: Convenience Store, Free-Standing Building, Mixed Use, Street Retail, Vehicle Related, Other
Status: Pending/Contingent
Building Size (RSF): 3,600 SF
Gross Building Area: See Agent
Gross Land Area: 0.56 Acres
Sale Price: $179,500
Unit Price: $49.86 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/5/2021

Overview / Comments

This affordable location offers great visibility and good traffic counts. Can be easily
demised into two units, one offing a 10' OHD in the rear. B-2 zoning offers ability for street retail or could serve as flex space for a small contractor. Warehouse/garage area is heated by individual furnace as well as radiant heat. Lease is Modified Gross for entire building.

Additional Details

Nearest MSA: Michigan City-La Porte
County: LaPorte
Tax ID/APN: 46-01-35-151-007.000-022
Retail Clientele: General, Traveler, Tourist
Property Visibility: Excellent
Traffic/Vehicle Count: 19,438
Area Description: Located on one of the main entryways to Michigan City (US Hwy 35) from I-94 & US Hwy. 20. This asset is on the NE corner of Michigan Blvd. and Warnke Rd. Great visibility and traffic counts approaching 20,000 vehicles a day. Minutes to Michigan City Municipal Airport and 3 miles to I-94 interchange.
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Fair
Year Built: 1953
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: B-2
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,852 35,007 49,040
Median Age: 37.91 39.43 40.84
Households: 2,078 14,581 19,336
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