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401 Michigan St Burlington, IN 46915

For Sale
$250,000

Former bank, high traffic, income potential.

Property size:
3,670 SF

Description

Added:
Feb 3, 2025
Days on Market:
314
This exceptional 3,670 square foot commercial property, situated on a 0.3-acre lot at 401 S Michigan Street in Burlington, Indiana, presents a unique investment opportunity. Built in 1971, this former bank boasts a solid structure and is ready for immediate occupancy. The building features an iconic vault and numerous security deposit boxes, offering versatile possibilities for a variety of businesses. The open floor plan allows for creative customization, making it ideal for restaurants, bakeries, office spaces, salons, or even a return to its banking roots. A significant advantage is the existing drive-up ATM, currently under contract with Horizon Bank, generating a consistent income stream. Further enhancing its functionality is a drive-through teller window at the rear, recently updated with fresh concrete. Ample parking is available both in front of the building and in an additional lot at the rear, providing room for expansion. The property's prime location on SR29/US421 ensures high visibility and significant traffic flow. Recent improvements include a new gas furnace and completed mold remediation, ensuring the building is in excellent condition. Bakery design renderings are available for interested parties. This is a turnkey opportunity to own a well-maintained, income-producing commercial property in a thriving downtown location.

Property Features for 401 Michigan St

General Information

Property type
Other commercial real estate
Square Feet
3,670 SF
Lot Size
13,068 SF

Building Details

Year Built
1971

Property Profile Location Intelligence

Current Use by Public Records

Horizon Bank Bank Katie's Joyful Memories ... Photographer

Suggested Use

Restaurant Building Supply Auto Repair Shop Clothing Store Department Store Storage Facility Bar & Pub Garden Center Convenience Store Cafe & Coffee Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Burlington
County
Carroll
State
Indiana
Longitude
-86.39533
Latitude
40.48222

FAQs

What type of property is this?
Commercial real estate - Former bank, high traffic, income potential.
Where is this commercial real estate located?
The property is located at 401 Michigan St Burlington, IN.
What is the asking price?
The asking price for this property is $250,000.
More about this property
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