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Kabelin ACE Hardware 432 St Johns Rd 50,000 SF 100% Leased Flex Building Michigan City, IN 46360 $3,250,000 ($65/SF)
Executive Summary
•For Sale or Lease 50,000 sq. ft. big box retail store in the dynamic Franklin St. (HWY US-421) retail corridor situated on 7.285 acres with US 20 frontage.
•1.5 miles north of interchange of I-94 and US-421. Just under 60miles southeast of the Chicago Loop and 40 minutes west of South Bend.
•Flexible land and building availability, with Ace Hardware committed to the trade area and willing to downsize
•Convertible to industrial office/warehouse use with direct access to designated heavy hall road (US-20)
•Can be combined with adjacent lots for up to 16.46 acres of B-2 zoned property.
•Located within Michigan City EDC, Mall, and Office Tower Property Redevelopment Project.
•Chiefly Steel Frame and Masonry featuring two loading docks in the southwest corner of the building.
•1.5 miles north of interchange of I-94 and US-421. Just under 60miles southeast of the Chicago Loop and 40 minutes west of South Bend.
•Flexible land and building availability, with Ace Hardware committed to the trade area and willing to downsize
•Convertible to industrial office/warehouse use with direct access to designated heavy hall road (US-20)
•Can be combined with adjacent lots for up to 16.46 acres of B-2 zoned property.
•Located within Michigan City EDC, Mall, and Office Tower Property Redevelopment Project.
•Chiefly Steel Frame and Masonry featuring two loading docks in the southwest corner of the building.
Property Facts
| Price | $3,250,000 | Rentable Building Area | 50,000 SF |
| Price Per SF | $65 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1983 |
| Property Type | Flex | Parking Ratio | 1.6/1,000 SF |
| Property Subtype | Light Distribution | No. Dock-High Doors/Loading | 2 |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 7.28 AC | ||
| Zoning | B-2 - General Business DIstrict | ||
| Price | $3,250,000 |
| Price Per SF | $65 |
| Sale Type | Investment or Owner User |
| Property Type | Flex |
| Property Subtype | Light Distribution |
| Building Class | C |
| Lot Size | 7.28 AC |
| Rentable Building Area | 50,000 SF |
| No. Stories | 1 |
| Year Built | 1983 |
| Parking Ratio | 1.6/1,000 SF |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | B-2 - General Business DIstrict |
Amenities
- Signage
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Flex space available for lease
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 50,000 SF | Flex | Full Build-Out | 120 Days |
1st Floor
| Size |
| 50,000 SF |
| Space Use |
| Flex |
| Condition |
| Full Build-Out |
| Available |
| 120 Days |
1st Floor
| Size | 50,000 SF |
| Space Use | Flex |
| Condition | Full Build-Out |
| Available | 120 Days |
Flex space available for lease
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 46-05-05-451-016.000-009 | Improvements Assessment | $447,000 |
| Land Assessment | $200,300 | Total Assessment | $647,300 |
Property Taxes
Parcel Number
46-05-05-451-016.000-009
Land Assessment
$200,300
Improvements Assessment
$447,000
Total Assessment
$647,300
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Kabelin ACE Hardware | 432 St Johns Rd
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