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$ 1,290,000
Est. payment /mo
Price Dropped by $160K
234 E 2nd ST Michigan City, IN 46360
25,852 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 25,852 sqft
Price per Sqft $49
MLS Listing ID 834887
Year Built 1958
Annual Tax Amount $12,958
Tax Year 2024
Lot Size 1.890 Acres
Acres 1.89
Property Sub-Type Mixed Use
Property Description
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.
Location
State IN
County La Porte
Zoning Commercial
Interior
Interior Features High Ceilings
Heating Natural Gas
Fireplace N
Appliance Gas Water Heater, Water Heater
Exterior
View Y/N true
View true
Building
Lot Description Few Trees, Rectangular Lot, Near Public Transit
Others
Tax ID 460129205007000022
Acceptable Financing NRA20260303163525721464000000
Listing Terms NRA20260303163525721464000000
Listed by @properties/Christie's Intl RE • Anna Radtke