23,522 Lot Size0.54 Acres
403 Lake Shore Dr, Michigan City, IN 46360
Est: $4,315/moGet pre-approved

Description

PRIME LAND & LOCATION FOR LAKE SHORE DRIVE DEVELOPMENT- Opportunity like this does not present itself often! Featuring the only B-1 Neighborhood Commercial Zoned lot in the area, and located in an Opportunity Zone, this half acre parcel situated along the magnificent shores of Lake Michigan is something to truly be excited about! This special lot is located in the Region's steadily evolving landscape here in Michigan City, with great potential for a Mixed Use Commercial/Residential Development. More...PRIME LAND & LOCATION FOR LAKE SHORE DRIVE DEVELOPMENT- Opportunity like this does not present itself often! Featuring the only B-1 Neighborhood Commercial Zoned lot in the area, and located in an Opportunity Zone, this half acre parcel situated along the magnificent shores of Lake Michigan is something to truly be excited about! This special lot is located in the Region's steadily evolving landscape here in Michigan City, with great potential for a Mixed Use Commercial/Residential Development. More information available upon request and approval. Opportunity awaits at 403 Lake Shore Drive!
LISTING UPDATED: 02/19/2026 12:23 PM

Listing Agent

  1. Kaileyne Krask

    Kaileyne Krask

    Listing Agent

    @properties Christie’s International Real Estate

    P: (219)-851-7290

Property Details for 403 Lake Shore Drive

Status
MLS #
541641
Days on Market
639
Taxes
-
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Land / Unimproved Land
Year Built
-
Lot Size
0.54 AC
Zoning
Commercial
Subdivision
N/A
OriginalListPrice
$1,000,000.00
NRA_ExemptionYN
No
NRA_AuctionYN
No
TaxAssessedValue
$112,000.00
NRA_EarnestMoneyDeposit
$20,000.00

Location

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Building Information for 403 Lake Shore Drive

Lot Size0.54 AC

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$4,315 per month

30 year fixed, 6.55% Interest

Principal and Interest

$4,315

Property Taxes

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HOA Dues

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Property Information for 403 Lake Shore Drive

Summary
Location and General Information
  • Directions: US-12 to Washington Park Blvd, S Lake Avenue, Right on LSD. Property is on corner lot of LSD & S Lake Ave.
  • Cross Street Address: S Lake Avenue
  • City/Town: Michigan City
  • State: IN
  • Township: Michigan
  • ZIP: 46360
  • Latitude: 41.73
  • Longitude: -86.89
  • Area: 521-LPC Lake Mich. B
  • County: La Porte
Taxes and HOA
  • Annual Tax Amount: $.00
  • APN/Key #: 460121314035000022
  • Tax Year: 2022
  • Tax Legal Description: Legal Description: 42-01-21-314-035 PCE IN MID PT W 1/2 SW 1/4 S21 T38 R4 .109 AC & 42-01-21-314-001 IN FRL NW 1/4 SW 1/4 S21 T38 R4 .3992 AC
Property
Lot Information
  • Lot Measurement: Acres
  • Lot Square Footage: 23,522.00
  • Lot Dimensions: 100x235
  • Acres: .54
  • LotSizeSource: Assessor
  • WaterfrontYN: Yes
  • WaterfrontFeatures: Lake Privileges
  • View: Lake, Water
Property and Assessments
  • Property Type: Land
  • Property Subtype 1: Unimproved Land
  • Age: 0
  • Lot Description: Corner Lot
  • Auction: No
  • Road Access: City Street
  • Permits Needed: All Permits
  • Potential Use: Commercial, Vacant, Unimproved, Retail, Residential, Other, Mixed Use, Multi-Family, Investment, Development
  • Current Use: Other, Unimproved
  • AssociationYN: No
  • DevelopmentStatus: Other, Raw Land, Proposed
Utilities
  • Utilities: Natural Gas Available, Water Available, Sewer Available
  • Sewer: None
  • WaterSource: Public
Interior and Exterior Features
Exterior Features
  • Out Buildings: None
Interior Features
  • Total 3/4 Baths: 0
Rental
Rental Information
  • Land Lease: No
  • LeaseConsideredYN: No

Property History for 403 Lake Shore Drive

DateEvent & SourcePriceAppreciation
Jul 22, 2024

Price Change

Northwest Indiana REALTORS® Association #541641

$849,000
Feb 14, 2024

Price Change

Northwest Indiana REALTORS® Association #541641

$925,000
Feb 14, 2024

Price Change

Northwest Indiana REALTORS® Association #541641

$925,000
DateEvent & SourcePrice
07/22/2024

Price Change

Northwest Indiana REALTORS® Association #541641

$849,000
02/14/2024

Price Change

Northwest Indiana REALTORS® Association #541641

$925,000
02/14/2024

Price Change

Northwest Indiana REALTORS® Association #541641

$925,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 403 Lake Shore Drive

This home is within Michigan City Area Schools.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Lake Hills Elementary School
PublicK to 6

Martin T Krueger Middle School
Public7 to 8

Michigan City High School
Public9 to 12

A K Smith Area Career Center
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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403 Lake Shore Drive is a 0.54 ac of land for sale in Michigan City, IN 46360. This property was listed for sale on November 17, 2023 by @properties Christie’s International Real Estate, it's currently listed at $849,000. This listing's school district is Michigan City Area Schools. Nearby schools include Lake Hills Elementary School, Martin T Krueger Middle School and Michigan City High School. 403 Lake Shore Drive is a 0-bed, 0-bath, 0.54 ac of land on a 23,522 sq. ft. / 0.54 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Based on information submitted to the MLS GRID as of 02/19/2026 12:23 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the 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. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.