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234 E 2nd St 22,651 SF 100% Leased Industrial Building Michigan City, IN 46360 $1,985,152 CAD ($87.64 CAD/SF)

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Investment Highlights

Prime Downtown Location
Growing Market Fundamentals

Strong Redevelopment / Investment Potential

Executive Summary

Rare opportunity to acquire a 1.89-acre development site located north of Highway 12 in uptown Michigan City. The property, which has a clean phase 1 environmental assessment, is located within Michigan City's Opportunity Zone, North End TIF District, Uptown Arts District, and Urban Enterprise Zone, offering multiple possibilities for financial and redevelopment incentives. The CBD1 site is approximately 1/4 mile from Washington Park and the Lake Michigan shoreline. Property is well-suited for a range of development concepts, including mixed-use, multifamily/loft-style residential, or adaptive reuse of the current +/- 25,000-square-foot brick warehouse, which offers Lake Michigan views from a third story.

Property Facts

Price	$1,985,152 CAD	Lot Size	0.52 AC
Price Per SF	$87.64 CAD	Rentable Building Area	22,651 SF
Sale Type	Investment	No. Stories	1
Property Type	Industrial	Year Built	1958
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$1,985,152 CAD
Price Per SF	$87.64 CAD
Sale Type	Investment
Property Type	Industrial
Building Class	C
Lot Size	0.52 AC
Rentable Building Area	22,651 SF
No. Stories	1
Year Built	1958
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.