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 |
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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