332 Us-20Michigan City, IN 46360

Property Details for 332 Us-20

Year built

1965

Lot size

2.03 AC

Property size (Sq ft)

38,190 SF

Property type

Warehouses

Property subtype

Industrial properties

Description

This 38,190-square-foot warehouse, built in 1965, is situated on a 2.03-acre lot in Michigan City, Indiana (APN: 46-05-08-202-001.000-009). The property is classified as Class C industrial and is currently vacant. It features one single-story building with overhead doors and ample parking (45,700 square feet of paved parking). Municipal water and sewer services are available. The asking price is $1,125,000, translating to $29.46 per square foot. The property boasts a valuable annual income stream generated by an on-site billboard. Its B2 zoning permits various commercial uses, including restaurants, retail establishments, and hotels. The location is highly advantageous, adjacent to Dunes Plaza Shopping Mall (anchored by PetSmart, TJ Maxx, Dollar General, Ross, and Five Below), and just minutes from Franklin Street, a busy thoroughfare with over 19,000 vehicles passing daily. The property's proximity to US 421, I-94, and Michigan City's waterfront and beaches further enhances its appeal. This warehouse is part of a larger portfolio, offering additional acreage for potential development. Limited competition in the area presents a significant investment opportunity.

Location Insight

City

Michigan City

County

LaPorte

State

Indiana

Latitude

41.6797

Longitude

-86.9008

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