3232 Michigan Street New Chicago, IN ^$ 140,000

3232 Michigan Street

^$ 140,000

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3232 Michigan Street

New Chicago, IN, 46342

^$ 140,000

Bedrooms-- Baths-- Sq 1,290

Monthly Estimate*

^$ 884

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Commercial Property for sale in New Chicago, IN

for $140,000. This 1,290 square foot building was built in 1957 on a lot size of 0.215.

Formerly "Dairy Maid," this 1,290 sq ft building with ample parking offers incredible potential and many recent updates. It features newer mechanicals, a newer roof, and key interior improvements--just needing your finishing touches. Seller will consider Contract Terms. Single and double refrigerators currently on their sides will not remain but may be purchased separately.

Commercial Active

Price

^$ 140,000

Property Type

Commercial

Taxes

^$ 4,496

Style

Business

Lot Size

0.215

Year Built

1957

Town/City

New Chicago

County/Region

Lake

MLS | Web ID

844857

Features

General

Sewer Public Sewer

Heating Forced Air Natural Gas

Utilities Cable Available Water Connected Sewer Connected Natural Gas Connected Electricity Connected

Appliances None

Year Built 1957

Electric 100 Amp Service

View Neighborhood

Township Hobart

Property Subtype Business

Tax Year 2025

County Lake

Property Type Commercial Sale

Subdivision Name New Chicago Add 06

Building Features Private Restrooms

Status Active

Directions Michigan St. to 3232. SW corner of Michigan St. and Tyler Ave.

City New Chicago

Lot Size Square Feet 9365

Listing Terms Cash Conventional Contract

Tax Annual Amount 4496.86

Standard Status Active

Legal Description 6TH ADD NEW CHICAGO BLK 6 LOTS 1 TO 3

Exterior

Parking Features Paved

Lot Features Corner Lot Paved

Water Source Public

Total Parking 10

Lot Size Acres 0.215

Lot Size Source Assessor

Waterfront Y/N N

* Excluded Features

List By

Frank Ennis

Listing Agent

Mccolly Real Estate

Broker

Frank.Ennis@mccolly.com

Affordability Calculator

$1,259

Per Month

Monthly Principal & Interest: $884
Monthly Property Taxes: $375
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in New Chicago, IN

Average List Price ^$140,000

Percent of Sale Price 0%

About New Chicago, IN

2,398 Population

-7% Since 2002

^$33,532 Median Income

37.33 Median Age

20% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1261196 Elementary School

1261197 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/4/2026	$140,000		Listed Price

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3232 Michigan Street, New Chicago, IN, 46342 is a Commercial Property for sale at $140,000 with 1,290 sqft and a lot size of 0.215. 3232 Michigan Street was built in 1957. The property's zip code is 46342 which is in New Chicago, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Greater Northwest Indiana Multiple Listing Service.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Greater Northwest Indiana Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 10/4/2026.

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3232 Michigan Street

Commercial Property for sale in New Chicago, IN

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