2 results
Address
Asking Price
10055 West 50 N Michigan City
Michigan City, IN
Lot Size:10.00Acres
Meticulously maintained predominately senior occupied fully tenant owned mobile home community located seven miles from Downtown Michigan City Indiana off of Lake Michigan Delta Group LLC in association with JDS Real Estate Services Inc. is pleased to present for sale this immaculate fully occupied, predominately 55+, fully tenant owned mobile home community located seven miles from Downtown Michigan City Indiana off of Lake Michigan. Market rents hover right around $400-$450 in the Michigan City MSA and the seller has not significantly raised rents to ever run in line with market figures. Within two years this park has the ability to yield north of an 8 Cap through two rent raises bringing rental rates on the conservative end of market which is a rarity for a stable and predominately senior fully TOH park in the Michigan City market.
$1,800,000
Michigan City Multi-Family
909 Spring St
Michigan City, IN
Lot Size:0.23Acres
$36,789
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Market Stats
Michigan City has 50 commercial real estate spaces for lease, representing 823,011 sqft space.
79 buildings are available for sale.
In the past 30 days, Michigan City has had 9 spaces leased.
Metropolitan areas near Michigan City, IN
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