822 Washington Park Blvd

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822 Washington Park Blvd

Michigan City, IN 46360
Asking Price
$275K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

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

  • Commercial land parcel located at 822 Washington Park Blvd
  • Total site area comprises 0.179 acres of developable land
  • Asset is currently offered for sale at $275,000
  • Property situated within the expanding Michigan City business corridor
  • Well-suited for professional office or commercial development projects

What's Special

Michigan City serves as a growing hub along the southern shore of Lake Michigan, providing strategic connectivity to the broader Chicago metropolitan region. This commercial land parcel at 822 Washington Park Blvd consists of 0.179 acres and presents a development candidate for professional services or specialized commercial operations. The location benefits from the steady economic activity characterizing this Indiana corridor, where proximity to regional transit routes and coastal access supports ongoing business investment. Investors and developers seeking to establish a footprint in this market will find this site suitable for a variety of small-scale commercial applications that align with local development standards. Given the site footprint, potential uses include a boutique office space, medical or professional service suite, or other specialized commercial facilities that require a compact, accessible location within the established urban fabric of Michigan City.

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NOI
$80,000
Cap Rate
29.09%
DSCR
4.90
Strong
Cash-on-Cash
77.18%
Monthly Payment
$1,360.55
Annual Cash Flow
$63,673.401

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