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10590321
10590322

332 US-20, Michigan City, IN 46360

RR
IN IN RB14051091
NAI Cressy - Mishawaka
Listed by NAI Cressy - Mishawaka
$1,125,000
1163 days on market
Updated 53 days ago

332 W. US Hwy 20

Details
APN 46-05-08-202-001.000-009
Property Type Industrial
Sub Type Warehouse
Square Footage 38,190
Tenancy Vacant
Price per SqFt $29
Class C
Year Built 1965
Buildings 1
Stories 1
Acreage 2.030
Zoning B2

Industrial | 38,190 SqFt

Marketing description

NAI Cressy is pleased to have the exclusive listing of a portfolio of two properties. The first is 322 W. US Hwy. 20 in Michigan City. This industrial building is 38,190 SF and sits on more than 2 acres in growing Michigan City. It has overhead doors servicing the building, municipal water and sewer, as well as a value-added annual income from the billboard on premises. The site is adjacent to Dunes Plaza Shopping Mall with long-standing tenants such as Pet Smart, TJ Maxx, Dollar General, Ross, and Five Below.

• Excellent location & a few minutes from busy Franklin Street in Michigan City with a traffic count of over 19,000 vehicles daily.

• Zoned B-2 General Commercial District which allows uses such as restaurant, retail, and hotel.

• Limited competition.

• Ample parking - 45,700 SF of paved parking.

• Part of a portfolio that adds extra acres for property development.

• Municipal water and sewer.

The second property in the portfolio is adjacent 402 W. US Hwy. 20, a restaurant that sits on 2.3 acres. The properties can be sold separately or together.

This building is conveniently located on E. Michigan Blvd. (US 20) in Michigan City, IN with an average daily traffic count of over 13,000 vehicles per day, providing easy access to Michigan City’s waterfront and beaches, the City of LaPorte and the small beach towns along the coast of Lake Michigan. The property is surrounded by local and national retailers, commercial businesses and residential neighborhoods. It is only .5 mile from US 421 and busy Franklin St. into downtown Michigan City, and only 2 miles from I-94.

https://cressy.com/astro-search/

Investment highlights

Industrial Building is Part of a Portfolio | Value-Added Annual Billboard Income

Listing Contacts

RR
IN IN RB14051091
NAI Cressy - Mishawaka
Listed by NAI Cressy - Mishawaka

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Additional Information

Name
Roy Roelke
License
IN RB14051091
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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