301 Kieffer RdMichigan City, IN 46360

Property Details for 301 Kieffer Rd

Year built

1976

Construction

WOOD

Lot size

7.36 AC

Property size (Sq ft)

76,404 SF

Property type

Individual retail properties

APN

46-05-08-477-024.000-009

APU

460508477024000009

Description

This exceptional 79,052-square-foot industrial property in Michigan City, Indiana, presents a unique investment opportunity. Comprising three single-story buildings on a 7.49-acre lot (APN: 46-05-08-477-024.000-009), this adaptable space is zoned B-2 and offers significant potential for various industrial uses. Currently configured as a sports complex, the layout easily converts to light industrial, distribution, logistics, or warehousing. The property boasts a 24-38 foot ceiling height, providing ample vertical space. Existing infrastructure is in excellent condition, minimizing necessary capital improvements. One at-grade and eight truck-level loading docks are available, with expansion potential. The property features monument signage and is easily subdividable. Its strategic location less than 0.25 miles from I-94's US 421 exit and less than 0.5 miles from US 20, plus its proximity to I-80/90, provides unparalleled access to major transportation arteries, making it ideal for servicing the Great Lakes Region and the Midwest. This location is considered one of the top in North America for efficient distribution across a large population base. The asking price is $3,300,000, with a price per square foot of $41.74. Built in 1976, this property offers a blend of established infrastructure and high growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $36,094,480

  6.5%

  $33,317,982

  7%

  $30,938,126

• Comparable approach

  Method

  Valuation

  Relative Method

  $25,078,084

  Geo Method

  $25,078,084

• Alternative Use

  Use

  Valuation

  Residential

  $28,104,964

  Hospitality

  $25,743,996

  Educational

  $21,418,702

  Medical

  $22,155,324

  Retail

  $33,317,982

Location Insight

City

Michigan City

County

Laporte

State

Indiana

Latitude

41.6671

Longitude

-86.8972

CBSA code

33140

CBSA name

MICHIGAN CITY-LA PORTE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].