Improved Mixed-Use Land for Sale in Michigan City, Indiana
715 W Ashland St Michigan City, IN 46360
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 7 homes & 1 lot 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.
Directions
Properties are spread around LaPorte County.
Property details
- County
- LaPorte County
- Community
- Orr & Cobbs Add
- Builder
- Age of Homes Vary
- Elevation
- 617 feet
- MLS Number
- GNIAR 518862
- Date Posted
Legal description
42-01-31-231-025 BLAIRS PARK LT 22 & 8 FT 4 IN E SD LT 21 BLK 3.
Parcels
- 46-01-31-231-025.000-022
Property taxes
- 2023
- $11,558
Detailed attributes
Listing
- Type
- Commercial Sale
- Subtype
- Mixed Use
- Franchise
- RE/MAX International
Structure
- Heating
- Forced Air
Interior
- Features
- Accessible Elevator Installed, Elevator
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Oct 1, 2024 | Price drop | $1,092,000 | $279,500 -20.4% | GNIAR |
| Sept 9, 2024 | Price increase | $1,371,500 | $322,000 30.7% | GNIAR |
| Aug 22, 2024 | Price drop | $1,049,500 | $945,500 -47.4% | GNIAR |
| June 27, 2024 | Price drop | $1,995,000 | $454,000 -18.5% | GNIAR |
| Apr 13, 2024 | Price drop | $2,449,000 | $3,571,500 -59.3% | GNIAR |
| Mar 11, 2024 | New listing | $6,020,500 | — | GNIAR |