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    Michigan City, IN
    Conventional Restaurant

    Michigan City, IN Conventional Restaurants for Sale

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    Trail Creek, IN Long Beach, IN Beverly Shores, IN La Porte, IN Chesterton, IN New Buffalo, MI Michiana, MI Westville, IN
    6 properties
    Turnkey Restaurant With Rental Home
    Updated: Mar 19
    Turnkey Restaurant With Rental Home

    615 E In-212, Michigan City, IN 46360

    $675,000
    1,712 sqft 0.71 AC lot
    Locally owned established restaurant with 2‑way liquor & gaming license
    Restaurant is fully equipped with bar, TVs, neon bar lights, ample seating, and 2 separate bathrooms
    Major interior renovations completed in 2025, including plumbing, electrical, insulation, and A/C & HVAC upgrades
    Newly paved parking area with circular driveway, plus driveway and off‑street parking
    Separate 2‑bedroom home included for owner occupancy or potential rental income
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    This listing looks promising.

    Here's a quick look at some key insights for

    615 E In-212, Michigan City, IN 46360

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    • Est. Cap Rate

      4.9%
      NOI ÷ price

    • Est. NOI

      $33K
      Annual

    • Price @ 7% Cap

      $476K
      Suggested
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    Restaurant Property on Franklin Street
    Updated: Jan 4
    Restaurant Property on Franklin Street

    3940 Franklin St, Michigan City, IN 46360

    $675,000
    1.52 AC lot
    130' of frontage on highly trafficked Franklin Street.
    Currently set up as a large restaurant with multiple dining rooms.
    Features a 3‑season room with ceiling heaters.
    Stone gas fireplaces in all dining rooms.
    Substantial kitchen space with 2 walk‑ins and basement.
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    Freestanding Hardee's Restaurant
    Freestanding Hardee's Restaurant

    5223 Franklin St, Michigan City, IN 46360

    Contact for pricing
    3,300 sqft 0.82 AC lot

    Built in 2019, this freestanding Hardee's restaurant operates under a long-term lease with renewal options.

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    Iconic Pizza Business Opportunity
    Iconic Pizza Business Opportunity

    2400 Franklin Street, Michigan City, IN 46360

    Contact for pricing
    1,588 sqft

    Turnkey Roma's Pizza business for sale in Michigan City.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Turn-Key Restaurant and Bar
    Turn-Key Restaurant and Bar

    Michigan City, IN 46360

    Contact for pricing

    Turn-key restaurant and bar with updated dining areas, large commercial kitchen, walk-in coolers, and ADA-compliant entry.

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    Michigan City Industrial Building Portfolio
    Michigan City Industrial Building Portfolio

    332 US-20, Michigan City, IN 46360

    Contact for pricing
    38,190 sqft 2.00 AC lot

    Two properties available: industrial building and restaurant on US-20.

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    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 6 Active listings in Michigan City, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Property with Vacant Apartment
    Mixed-Use Property with Vacant Apartment

    810 Lincolnway, La Porte, IN 46350

    $249,900
    5,760 sqft

    Downtown mixed-use building offers updated commercial space plus an upstairs unit ready for a new residence or rental concept.

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    New Buffalo Brewery with Views
    New Buffalo Brewery with Views

    New Buffalo, MI 49117

    $3,999,999
    3.58 AC lot

    Brewery in New Buffalo with Galien River views.

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    Former Pizza Hut For Sale
    Former Pizza Hut For Sale

    75 Pine Lake Ave, La Porte, IN 46350

    Contact for pricing
    1,221 sqft

    1221 SF former Pizza Hut with pick-up window.

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    New Buffalo Restaurant and Retail
    New Buffalo Restaurant and Retail

    801 W Buffalo St, New Buffalo, MI 49117

    $450,000

    Restaurant and retail space in New Buffalo, Michigan for sale.

    View details

    Michigan City, IN Conventional Restaurants Market Trends and Statistics

    Explore 6 conventional restaurants for sale in Michigan City, IN, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 44,790 square feet of properties for sale, with an estimated market value of $1,350,000.

    Sale prices for conventional restaurants in Michigan City, IN average $675,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 7
    Bars & Pubs 4
    Commercial kitchens 2
    Coffee shops 1

    Demographics Overview

    Population 44K
    Population Growth (5Y) +0.7%
    Median Household Income $59,641
    College Educated 15.5%

    High-Yield Neighborhoods for Investment

    Identify Michigan City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    46360 $980K

    Taxes & Financing

    Tax Rate (average for all types) 2.64%
    Property Tax per SF $45.66 per SF
    Tax Rate vs County Average 0.23 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in LaPorte County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in LaPorte County

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