2036-2054 E US Highway 20 | Michigan City, IN 46360
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2036-2054 E US Highway 20
Michigan City, IN 46360
Retail Property For Sale
Investment Highlights
- 100% leased retail property.
- Recent improvements to road access and curb cuts.
- Major tenants just renewed 10 yr leases.
Executive Summary
This is a great opportunity to acquire this fully leased retail strip center. Major tenants have renewed long-term leases. Each unit is separately metered for utilities. The well-maintained property has a newly paved and sealed parking lot. Easy access is provided by 60-foot curb cuts on Highway 20.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
41,000 SF
Building Class
B
Year Built/Renovated
2003/2021
Price
$5,500,000
Price Per SF
$134
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.24
Lot Size
3.88 AC
Zoning
B2 - - General Commercial
Parking
108 Spaces (2.63 Spaces per 1,000 SF Leased)
Frontage
438 FT on U.S. 20
Amenities
- Bus Line
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 46-05-03-280-038.000-071 | Improvements Assessment | $1,048,000 |
| Land Assessment | $168,900 | Total Assessment | $1,216,900 |
PROPERTY TAXES
Parcel Number
46-05-03-280-038.000-071
Land Assessment
$168,900
Improvements Assessment
$1,048,000
Total Assessment
$1,216,900
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