Michigan City Marketplace | 5172-5184 Franklin St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Michigan City Marketplace 5172-5184 Franklin St
18,500 SF 100% Leased Retail Building Michigan City, IN 46360 £3,403,726 (£184/SF) 8% Net Initial Yield
Investment Highlights
- 100% Occupied, Fully Stabilized Investment
- Excellent Visibility and Accessibility
- Expansive Trade Area Demographics | 190,323 Population
- Traffic Generating Shadow Anchors
- Strong Performing Regional Retail Corridor
Executive Summary
CBRE’s National Retail Partners - Midwest is pleased to present to qualified individuals, the opportunity to acquire 100% fee interest in Michigan City Marketplace, a fully occupied 18,500-square-foot shopping center shadow anchored by Meijer and Lowe’s Home Improvement. The Property is highly visible and strategically positioned along Franklin Street with 22,554 vehicles passing per day.
Michigan City Marketplace features a diverse line up of tenants, including American Mattress, ATI Physical Therapy, Gelsosomo’s Pizzeria AT&T Mobility, Insure One, and MC Nutrition. The Property is located along the Franklin Street retail corridor in Michigan City, the dominant retail hub for northwest Indiana. The submarket is anchored by many national retailers including Menards, Kohl’s, AMC Theaters, ROSS, Walmart Superstore and many more.
Michigan City Marketplace is located in Michigan City, Indiana, a thriving northwest suburb of LaPorte County and located three miles south of the Lighthouse Place Premium Outlets and Blue Chip Casino Hotel and Spa in the LaPorte Submarket. Additionally, the Gary/Chicago International Airport is conveniently situated 31 miles to the west and downtown Chicago is just an hour’s drive, located 66 miles northwest of Michigan City Marketplace.
Michigan City Marketplace features a diverse line up of tenants, including American Mattress, ATI Physical Therapy, Gelsosomo’s Pizzeria AT&T Mobility, Insure One, and MC Nutrition. The Property is located along the Franklin Street retail corridor in Michigan City, the dominant retail hub for northwest Indiana. The submarket is anchored by many national retailers including Menards, Kohl’s, AMC Theaters, ROSS, Walmart Superstore and many more.
Michigan City Marketplace is located in Michigan City, Indiana, a thriving northwest suburb of LaPorte County and located three miles south of the Lighthouse Place Premium Outlets and Blue Chip Casino Hotel and Spa in the LaPorte Submarket. Additionally, the Gary/Chicago International Airport is conveniently situated 31 miles to the west and downtown Chicago is just an hour’s drive, located 66 miles northwest of Michigan City Marketplace.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
18,500 SF
Building Class
B
Year Built
1996
Price
£3,403,726
Price Per SF
£184
Net Initial Yield
8%
NOI
£272,298
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.25
Land Acres
1.72 AC
Parking
95 Spaces (5.14 Spaces per 1,000 SF Leased)
Frontage
211 ft on Franklin St
Amenities
- Pylon Sign
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 46-05-09-151-012.000-009 | Improvements Assessment | £670,729 |
| Land Assessment | £446,574 | Total Assessment | £1,117,303 |
PROPERTY TAXES
Parcel Number
46-05-09-151-012.000-009
Land Assessment
£446,574
Improvements Assessment
£670,729
Total Assessment
£1,117,303
-
Adam Foret -
CBRE
1 of 12
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Michigan City Marketplace | 5172-5184 Franklin St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.