4669 Michigan RdPlymouth, IN 46563

Property Details for 4669 Michigan Rd

Year built

1970

Construction

WOOD

Lot size

3.00 AC

Property size (Sq ft)

3,136 SF

Property type

Retail properties

Property subtype

Retail space

APN

50-42-98-000-044.000-009

APU

504298000044000009

Description

This exceptional mixed-use property at 4669 Michigan Rd, Plymouth, IN 46563, is offered at $279,000. Built in 1970, this 3-acre lot (APN: 50-42-98-000-044.000-009) boasts a versatile layout ideal for various businesses. Previously housing an HVAC service and sales company, the building features a customer entrance showroom/lobby, dedicated office space, an electrical/break area, and a spacious 34' x 38' shop accessible via a 12' x 12' overhead door. Additional storage is provided within a separate room and a 14' x 18' storage barn. The property's amenities extend beyond the building itself, including a tranquil pond with a covered pavilion perfect for employee breaks or recreational use. The property benefits from three-phase electric service and enjoys a convenient location, just 10 minutes from Plymouth and 30 minutes from South Bend. The building and all its features are in excellent condition, making this a turnkey opportunity for a new business to thrive. This is a rare chance to acquire a well-maintained, versatile property with ample space and desirable outdoor features on a substantial lot.

• CAP approach

  CAP return

  Valuation

  6%

  $811,870

  6.5%

  $749,419

  7%

  $695,889

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,029,329

  Geo Method

  $1,029,329

• Alternative Use

  Use

  Valuation

  Residential

  $632,163

  Hospitality

  $579,058

  Educational

  $481,769

  Medical

  $498,338

  Retail

  $749,419

Location Insight

City

Plymouth

County

Marshall

State

Indiana

Latitude

41.4096

Longitude

-86.3152

CBSA code

38500

CBSA name

PLYMOUTH, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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