415 W US Highway 20, Michigan City, IN 46360 (MLS# 804229)

415 W US Highway 20, Michigan City, IN 46360

$780,000

Property Type: Commercial Sale Square Footage: 4,912 Lot Size (sq. ft.): 129,809 Status: Closed

Current Price: $780,000 List Date: 5/24/2024 Last Modified: 1/17/2025

Overview

Description

Discover the perfect location to expand or launch your business at 415 W US Highway 20. This prime real estate consists of two parcels totaling 2.98 acres and two buildings totaling 4,912 sq ft under roof. Conveniently situated near the Michigan City EDC and the office tower redevelopment project, this property offers incredible potential. Currently home to Music Towing & Auto Center, a successful business operating for over 50 years, this property is ideal for a towing and auto service center. The fenced back area provides additional security and functionality. Don't miss this opportunity to secure a versatile property in a thriving area. Call today to schedule a showing and explore the potential of 415 W US Highway 20!

Listing Details MLS# 804229

General Property Information

Number Of Units Total: 2
Living Area: 4912
Building Area Source: Assessor
Year Built: 1973
Parking Total: 50
Lot Size Acres: 2.98
Lot Size Square Feet: 129808.8
Lot Size Source: Assessor
Lot Size Dimensions: Irregular-two parcels
Basement YN: No
Stories: 0

Property Features

Building Features: Business District Location; Exterior Lighting; Private Restrooms Construction Materials: Steel Siding Cooling: Central Air Current Use: Automotive Electric: 220 Volts Exterior Features: Lighting Fencing: Back Yard; Fenced; Gate Flooring: Concrete Foundation Details: Concrete Perimeter Heating: Forced Air; Oil Listing Terms: Cash; Conventional Owner Pays: All Utilities Parking Features: Gated; Lighted; Parking Lot Possession: Close Of Escrow Possible Use: Automotive; Commercial; Office; Recreational; Retail Rail Availability: None Road Frontage Type: Highway Roof: Metal Sewer: Public Sewer Special Listing Conditions: Standard Tenant Pays: None Utilities: Electricity Connected; Natural Gas Connected; Phone Connected; Sewer Connected; Water Connected Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent; No Lockbox; No Sign

Contract Information

Auction YN: No
Historical MLS number: 527412
Original List Price: 895000
Property Sub Type: Mixed Use
Listing Agreement: Exclusive Right To Sell
Occupant Type: Owner

Location Tax and Legal

Street Number: 415
Street Direction Prefix: W
Street Name: US Highway 20
County: La Porte
State: IN
Postal Code: 46360

Remarks and Miscellaneous

Public Remarks: Discover the perfect location to expand or launch your business at 415 W US Highway 20. This prime real estate consists of two parcels totaling 2.98 acres and two buildings totaling 4,912 sq ft under roof. Conveniently situated near the Michigan City EDC and the office tower redevelopment project, this property offers incredible potential. Currently home to Music Towing & Auto Center, a successful business operating for over 50 years, this property is ideal for a towing and auto service center. The fenced back area provides additional security and functionality. Don't miss this opportunity to secure a versatile property in a thriving area. Call today to schedule a showing and explore the potential of 415 W US Highway 20!

Status Change Information

Major Change Timestamp: 2025-01-17T22:45:13Z
Major Change Type: Status Change
Status Change Timestamp: 2025-01-17
Offer Acceptance Date: 2024-10-08
Close Date: 2025-01-17
Close Price: 780000
Concessions: No
Buyer Financing: Other

More Information

Building Features

Building Dimensions: 72x46, 40x40
Number of Offices: Yes
Overhead Doors: 5
Business District Location: Yes
Exterior Lighting: Yes
Private Restrooms: Yes

Exemption Information

Exemption YN: No

Showing Requirements

Showing Instructions: Appointment only. Call Listing Agent.
Appointment Only: Yes
Call Listing Agent: Yes
No Lockbox: Yes
No Sign: Yes

Location, Tax, and Legal

Tax Annual Amount: 5309
Tax Year: 2023
Tax Legal Description: 13-05-05-451-019 IN SW 1/4 SE 1/4 S5 T37 R4 1.9391 AC 13-05-05-451-008 IN SW COR SE 1/4 S5 T37 R4 1.0385 AC
Parcel Number: 460505451019000009
Additional Parcels YN: Yes
Additional Parcels Description: 460505451020000009 13-05-05-451-008 IN SW COR SE 1/4 S5 T37 R4 1.0385 AC
Township: Coolspring
Directions: 421 (Franklin St) to US-20, west to 415 US-20, located on north side of US-20

Construction Materials

Steel Siding: Yes

Cooling

Central Air: Yes

Electric

220 Volts: Yes

Exterior Features

Lighting: Yes

Fencing

Back Yard: Yes
Fenced: Yes
Gate: Yes

Flooring

Concrete: Yes

Foundation Details

Concrete Perimeter: Yes

Heating

Forced Air: Yes
Oil: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Parking Features

Gated: Yes
Lighted: Yes
Parking Lot: Yes

Possession

Close Of Escrow: Yes

Road Frontage Type

Highway: Yes

Roof

Metal: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

Standard: Yes

Utilities

Electricity Connected: Yes
Natural Gas Connected: Yes
Phone Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Water Source

Public: Yes

Owner Pays

All Utilities: Yes

Tenant Pays

None: Yes

Current Use

Automotive: Yes

Possible Use

Automotive: Yes
Commercial: Yes
Office: Yes
Recreational: Yes
Retail: Yes

Rail Availability

None: Yes

Listing Office: Coldwell Banker Realty

Last Updated: January - 17 - 2025

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