820 Washington Park Blvd

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820 Washington Park Blvd

Michigan City, IN 46360
Asking Price
$265K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Commercial land asset located in Michigan City, Indiana.
  • Property occupies a total footprint of 0.173 acres.
  • Asking price for this parcel is 265000 dollars.
  • Strategic location offers access to regional economic hubs.
  • Site supports various commercial development and business use cases.

What's Special

This commercial land spans 0.173 acres at 820 Washington Park Blvd in Michigan City, Indiana. Situated in a region known for its proximity to Lake Michigan and its growing industrial and tourism sectors, this parcel provides a strategic footprint for developers or business owners looking to establish a presence in the local market. Michigan City benefits from its position within the Chicago metropolitan area, offering connectivity to major regional transit corridors and a consistent influx of visitors throughout the year. The site is suitable for various commercial development projects, allowing for versatile use cases ranging from retail storefronts to service-oriented business facilities. Investors seeking to capitalize on land development in a well-positioned coastal city will find this property aligns with diverse commercial growth objectives. The local economic landscape continues to evolve, supported by infrastructure improvements and steady demographic trends that favor new business ventures.

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NOI
$80,000
Cap Rate
30.19%
DSCR
5.08
Strong
Cash-on-Cash
80.84%
Monthly Payment
$1,311.075
Annual Cash Flow
$64,267.095

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