Property Listing No Longer Available for Sale

2036-2054 East US Highway 20

Michigan City, IN

Shopping Center for Sale - $3,500,000 - 40,000 Sq. Ft.


Property Info

CIMLS#925296
Location
  2036-2054 East US Highway 20
  Michigan City IN 46360
UpdatedJanuary 16th, 2017
TypeShopping Center
Price$3,500,000
Building40,000 Sq. Ft.

Property Description

Fully leased, approx. 40,000 sf retail strip building built in 2000. This well maintained, one (1) story building has 4 tenant spaces, each with individual HVAC and separately metered. Anchor tenants include Dollar General Store (approx. 9,100 sf) and Napa Auto Parts (approx. 5,490 sf). The two other tenants include Help at Home (approx. 3,300 sf) and Evergreen Furniture Store (approx. 22,235 sf). The Evergreen Furniture Store has 33' pole beams across, which would allow for future sub dividing of this space. The property is comprised of one parcel and includes plenty of surface parking. Partially replaced roof on Napa Auto Parts and a portion of the Evergreen Furniture Store (2015). New HVAC (July 2016) on top roof of Dollar General Store.

**Seller owns furniture store; if furniture store is not purchased then a lease term extension must be negotiated in order to allow the seller to constuct a new location**

Offered in cooperation with Indiana Real Estate License #RB14014802

Location Description:

Located in Michigan City (Trail Creek), Indiana in the Evergreen Business Center.

Highlights:

>> Anchor Tenants: Dollar General Store & Napa Auto Parts

>> Fully Leased

* Email for additional photos


Financials

Sales Info:

>> Commision split: 2.0%