200 N Michigan Street La Paz, IN 46537

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Fiveplex • 101Y Old

$1

200 N Michigan Street

5 Bedrooms
5 Bathrooms 4 Full, 1 Half
6106 Sq Ft
0.27 Acres
Property Description

***ONLINE AUCTION TO SETTLE ESTATE. Bidding begins on 10/26, begins to end 11/1 at 6PM. TERMS: $10,000 non-refundable earnest money deposit due the day of auction with balance due at closing. Property sold “as is” subject to seller confirmation. Not responsible for accidents. Taxes: Prorated to date of closing. Possession: At closing. Successful bidder will sign a Purchase Agreement. Taxes: Prorated to date of closing. Possession: At closing. Note: Inspect the property, arrange financing if necessary. Oakcrestauctions.hibid.com. This is a rare opportunity to own a five rental unit complex with unlimited possibilities and tremendous potential. Could be residential or other multiple uses, as property is zoned Commercial. Former uses include drug store, restaurant, and beauty shop. Great spot for a Mom and Pop shop. Signage available. Two units (C and D) need updating, approximately 6,100 SF. Great LaPaz location close to schools and Newton Park. Open houses Sun Oct 17, 2-4PM & Wed Oct 20, 4-6PM. Also shown by appt. *Important note - This is an estate now. NET INCOME is based off low rents because previous owner was kind and kept rents low. There IS market to have the rents raised. This same owner also occupied one of the units so the income does not reflect his portion of an additional rent. When figuring net incomes, please add in for an additional 3 units of rent.

Directions

North side of LaPaz on the NW corner of 1st Road and N. Michigan Street.

Map to 200 N Michigan Street, La Paz, IN 46537

Property
MLS # 202143348
Status Active
Property Type Investment
Property SubType Fiveplex
Square Feet 6106 Sq Ft
New Construction No
Style Two Story
Type Fiveplex
Bedrooms 5
Bathrooms 5 (4 Full, 1 Half)
Annual Taxes $2,100.00
Year Taxes Payable 2021
Year Built 1920
Virtual Tour propertypanorama.com »
Days on Market 15
External Features
Construction Fiveplex
Lot Size 11,761 sq ft
Acreage 0.27 Acres
Lot Dimensions 135x75x140x94
Fence None
Location
Area Marshall County
County Marshall
Subdivision None
Township North
City La Paz
State IN
Zip 46537
Schools
School District Union-North United School Corp.
Elementary Laville
Middle School Laville
High School Laville
Financial
Assoc. Dues $0.00 Not Applicable

MLS# 202143348.
Listing Provided Courtesy of Dave Goebel
RE/MAX OAK CREST -PLYMOUTH

IDX information provided by the Indiana Regional MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

Listing information last updated Thursday, October 28th, 2021 at 4:45 AM EDT.

Learn More About 200 N Michigan Street

Presented By
Lorri Haber
Lorri Haber
(260) 615-5686
Email
Select Agent to Contact

By clicking "Message Agent", you agree to be contacted by Lorri Haber about your request. Please see our Privacy Policy.