255 Hupp RdLa Porte, IN 46350

Property Details for 255 Hupp Rd

Year built

1988

Construction

WOOD

Lot size

10.97 AC

Property size (Sq ft)

13,406 SF

Property type

Retail space

APN

46-11-31-376-003.000-066

APU

461131376003000066

Description

This exceptional 13,406-square-foot industrial property, built in 1988, is ideally suited for a variety of uses, including banquet halls, sporting events, or religious services. The property boasts a well-maintained, turn-key banquet hall featuring high ceilings, tile floors, and a fully functional kitchen. Two separate conference rooms, each with its own bar and restrooms, offer the flexibility to host multiple events simultaneously. One room measures 3,600 square feet, and the other is 6,000 square feet, providing ample space for large gatherings. Situated on a 2.89-acre lot, the property is secured with high-level fencing, ensuring safety and privacy. Its prime location in La Porte County, Indiana, offers excellent regional accessibility, drawing attendees from a 50-mile radius or more. Conveniently located off US 35 and US 6, the property benefits from easy access to major transportation routes. Nearby cities within a 1-hour 15-minute drive include South Bend, Mishawaka, Elkhart, Plymouth, Chesterton, Valparaiso, La Porte, and Michigan City, Indiana, as well as New Buffalo, St. Joseph, and Kalamazoo, Michigan. The property is zoned M2. Asking price is $897,999, with a price per square foot of $66.98.

• CAP approach

  CAP return

  Valuation

  6%

  $6,333,210

  6.5%

  $5,846,040

  7%

  $5,428,466

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,400,252

  Geo Method

  $4,400,252

• Alternative Use

  Use

  Valuation

  Residential

  $4,931,354

  Hospitality

  $4,517,094

  Educational

  $3,758,169

  Medical

  $3,887,418

  Retail

  $5,846,040

Location Insight

City

La Porte

County

Laporte

State

Indiana

Latitude

41.5189

Longitude

-86.6915

CBSA code

33140

CBSA name

MICHIGAN CITY-LA PORTE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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