2.9 Acres of Improved Mixed-Use Land for Sale in Michigan City, Indiana

523 E 8th St, Michigan City, IN 46360

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2.9 Acres of Improved Mixed-Use Land for Sale in Michigan City, Indiana
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$2,449,000
2.94 acres
Active sale$3.57m dropEst $15,337/mo

Unique opportunity to acquire a turnkey single family investment home collection in the energized Lake Michigan community of Michigan City, Indiana. Currently going through transformative redevelopment projects related to the shoreline and the South Shore double tracking project, Michigan City is seeing great interest and investment, to the tune of hundreds of millions in new projects. This downtown housing collection offers an investor a turnkey opportunity to get a 9.1 CAP on the investment. Currently consists of 16 homes ready for your ownership. Tenants pay all utilities. Laundry machines are not included in the sale, but most kitchen appliances are. Out of respect to our seller and tenants, only qualified buyers with POF and signed NDA may receive list of properties and property rent roll.

20,693
Sq feet
1910
Built

Directions

Properties are spread around LaPorte County.

Property details

County
LaPorte County
Coordinates
41.7154, -86.8926
Community
Varies
Builder
Age of Homes Vary
Elevation
617 feet
MLS Number
GNIAR 518862
Date Listed

Legal description

Legal Description: 16 different Legal Descriptions

Parcels

  • 460128306006000022

Property taxes

2023
$24,456

This 2.94-acre property is located at 523 E 8th St in Michigan City, IN 46360 with latitude 41.7154 and longitude -86.8926. The property is currently available for sale for $2,449,000. It has a 20,693 sq ft structure built in 1910. Listing data is sourced from Greater Northwest Indiana Association of Realtors # 518862.

Verify sale details at the property source or contact RE/MAX Lifestyles at (219) 241-8401.

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Copyright (C) 2024 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Listing checked and updated . Parcel data by Regrid.

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Land for sale in Michigan City, IN