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Michigan City Plaza 4100-4112 Franklin St 86,297 SF 30% Leased Retail Building Michigan City, IN 46360 For Sale
INVESTMENT HIGHLIGHTS
- Value-Add Opportunity: Michigan City Plaza is 27.9% occupied, with 62,232 SF of vacant space available
- Excellent Visibility and Accessibility: Situated just off the fully signalized, hard-corner intersection of Franklin Street (22,554 VPD) and Highway
- Low Taxes: Indiana’s low property tax expense. This lower rate than surrounding markets will allow an investor to drive their base rent & bottom line
- Traffic Generating Surrounding Retailers: Surrounded by major national retailers, including Kohls, TJ Maxx, Meijer, ALDI, Walmart, Menards and More
- Strong Performing Regional Retail Corridor: Dominant retail hub for northwest Indiana, with over 1.8 million square feet of retail space.
- Notable Economic Development
EXECUTIVE SUMMARY
Michigan City Plaza 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 Meijer, Menards, Lowe’s Home Improvement, Kohl’s, AMC Theaters, ROSS, Walmart Superstore, and many more. The Property is located 3 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 Plaza.
This Property presents a value-creation opportunity, with 62,232 square feet of retail space available. This space can be leased as is or divided to accommodate diverse tenant needs.
PROPERTY FACTS
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- El Bracero Restaurant
- Accommodation and Food Services
- 4,025 SF
- -
- -
- Dec 2026
-
- Retailer
- 14,978 SF
- -
- TBD
- Jun 2033
Harbor Freight Tools is a privately held discount tool and equipment retailer founded in 1977 by Eric Smidt and Allan Smidt. Headquartered in Calabasas, California, the company began as a mail-order business and opened its first retail store in 1980. Harbor Freight operates over 1,600 stores across 48 states and employs more than 30,000 people. The retailer offers a wide range of products, including hand tools, power tools, automotive equipment, generators, and shop supplies, marketed under proprietary brands such as Pittsburgh, Bauer, Hercules, and U.S. General. Harbor Freight’s business model focuses on direct sourcing from manufacturers to reduce costs and provide tools at prices significantly lower than competitors. The company also maintains a strong e-commerce presence and offers financing options, loyalty programs, and extended service plans. Harbor Freight remains family-owned and is recognized for its commitment to affordability and value in the tool retail industry.
-
- Manufacturing
- 5,062 SF
- -
- -
- Aug 2028
The Sherwin-Williams Company delivers the best in paint and coatings products to the world. Every day, their employees provide the energy and experience to build on their track record of success – enabling them to innovate and grow in new and exciting ways. With their people as the foundation of their Company, they offer industry-leading innovation, value-added service and expertise, and differentiated distribution to their growing base of professional, industrial, commercial and consumer customers. Sherwin-Williams has one of the industry’s most recognized portfolios of branded and private-label products. The Company’s Sherwin-Williams® branded products are sold exclusively through a chain of company operated stores and facilities in the United States, Canada, the Caribbean and Latin America.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| El Bracero Restaurant | Accommodation and Food Services | 4,025 SF | - | - | Dec 2026 | |
|
|
Retailer | 14,978 SF | - | TBD | Jun 2033 | |
|
|
Manufacturing | 5,062 SF | - | - | Aug 2028 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Ideal for retail or commercial services.
- 1st Floor
- 46,000 SF
- Retail
- In-Line
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 9,000 SF | Retail | In-Line | Now |
| 1st Floor | 46,000 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 9,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1st Floor
| Size |
| 46,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1st Floor
| Size | 9,000 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Ideal for retail or commercial services.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 46-05-05-999-011.000-009 | Improvements Assessment | $124,300 |
| Land Assessment | $0 | Total Assessment | $124,300 |
PROPERTY TAXES
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Michigan City Plaza | 4100-4112 Franklin St
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