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US 20 & US 35 - US 20 & US 35 5.8 - 124.36 Acre Commercial Land Lots Offered at $28,900 - $47,900 Per Lot in Michigan City, IN 46360

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INVESTMENT HIGHLIGHTS

  • Development sites for sale
  • 4 Parcels Ready for Development Zoned for Variety of Uses Ares is in a TIF District

EXECUTIVE SUMMARY

Located along the U.S. 20/U.S. 35 corridor with access to Indiana Highway 212, this prime development opportunity consists of three separate parcels available for sale. The properties are zoned for a variety of uses, including industrial and manufacturing, retail and office space, residential, and agricultural purposes. Conveniently situated less than a mile west of the U.S. 20/I-94 interchange, the area is well-connected by major transportation infrastructure, including the Michigan City Airport and the South Shore Freight Line Railroad. Additionally, the site is within a designated Tax Increment Financing (TIF) District, offering potential financial incentives for development. Its strategic location provides easy access to two major manufacturing and technology projects currently under development in New Carlisle, IN, just a 15-minute drive via a four-lane state highway.

PROPERTY FACTS

Price $28,900 - $124,700
Sale Type Investment or Owner User
No. Lots 3
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Industrial
  • Retail
  • Office
Total Lot Size 136.26 AC

3 LOTS AVAILABLE

Lot 3

Price $47,900
Price Per AC $8,258.62
Lot Size 5.80 AC

Retail, commercial, hotel/motel and office uses. Sewer, water & gas at the street. Potential for rail access.

Lot 5

Price $47,900
Price Per AC $7,852.46
Lot Size 6.10 AC

Industrial/manufacturing, distribution and office development.

Lot 6

Price $28,900
Price Per AC $232.39
Lot Size 124.36 AC

Industrial/manufacturing, distribution and office development. Site 6 is the proposed Oehmstead Industrial Park.

DESCRIPTION

Located along the U.S. 20/U.S. 35 corridor, with access to Indiana Highway 212, includes three (3) separate parcels ready for development and available for sale. Zoning for these properties includes industrial and manufacturing, retail/office, residential and agricultural. This area is also serviced by the Michigan City Airport and South Shore Freight Line Railroad, and is located less than one mile west from the U.S. 20/I-94 interchange. The property is in a Tax Increment Financing (TIF) District and within a 15 minute, 4-lane state highway drive of two large new manufacturing and technology projects currently being developed in New Carlisle, IN. The South Shore Freight Railroad serves as the southern border for the 124.36 acre parcel, and could provide rail service to large scale users including manufacturing and distribution. Located in northwest Indiana, the property has excellent proximity to the I-94, SR 212 interchanges and the Toll Road. I-94 is a major transportation artery and critical in the delivery of goods throughout the Midwest. US 20/US 35 is the main transportation corridor serving the northern portion of Michigan City and Northern Indiana. These highways are also the direct routes to local establishments such as Blue Chip Casino, Lighthouse Place and primary hospital. Traffic counts from the I-94 interchange west along US 20/US 35 average 24,000 to 25,000 daily. Additionally, over 365,000 trucks pass through the I-65, I-94, I-80/90 corridor area each day to the various regions each one of these interstates services. The site has the potential to be a big box warehouse or another type of transportation facility for the heavily trafficked I-94 corridor.

  • Listing ID: 29680121

  • Date on Market: 10/2/2023

  • Last Updated:

  • Address: US 20 & US 35, Michigan City, IN 46360

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