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410 Wabash St

2,560 SF Vacant Retail Building Michigan City, IN 46360 £315,214 (£123/SF)

Executive Summary

This beautifully restored property resides in the historic downtown of Michigan City. With a great location located directly across from the Lighthouse Outlets and close proximity to many restaurants and the lakefront, this property is waiting to be transformed into a space that can serve many purposes. The building was restored in 2016. Updates during that year include: brand new electric throughout the entire building, new plumbing, new laminate flooring, LP Smart Siding, both sets of stairs were updated, new drywall and insulation, on demand water heater, new porch. A sizable lot in the rear of the property that can be used for parking or reimagined into a space that can be used in conjunction with the building. All rooms in the building were used as clinic rooms, but all of the walls are temporary and can be brought down to be one big space on each floor. The possibilities are endless with this property.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,560 SF
Building Class
B
Year Built/Renovated
1890/2016
Price
£315,214
Price Per SF
£123
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
2
Building FAR
0.39
Land Acres
0.15 AC
Opportunity Zone
Yes
Zoning
CBD1 - Commercial, Small Retail
Parking
8 Spaces (3.13 Spaces per 1,000 SF Leased)

Amenities

  • Wheelchair Accessible

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
46-01-29-328-001.000-022
Land Assessment
£31,758
Improvements Assessment
£71,575
Total Assessment
£103,333
  • Listing ID: 33585904

  • Date on Market: 21/10/2024

  • Last Updated:

  • Address: 410 Wabash St, Michigan City, IN 46360

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