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Mixed-Use Restaurant and Bar
For Sale
$649,000

2323-2325 Wabash Street, Michigan City, IN 46360

The property combines a food-and-beverage operation, upstairs apartments, and an outdoor patio.

Property SizeContact for details
Days on Market454

Property Features for 2323-2325 Wabash Street

General Information

Standard status Active
Property subtype Mixed Use

Restaurant

Commercial Hood Yes
Patio Yes
Equipment Included Yes
Liquor License Yes

Additional Details

Business Included Yes

Taxes and HOA fees

Annual Taxes $4,638

Amenities

juke box
pool table
dart machines
cash station
3
Parking. Corner Lot.
50 Parking Spaces. Gravel, Paved Driveway, Off Street, On Street.
City
Corner.

Building Details

Year Built 1925
Listing Agency: Century 21 Alliance Group
Listed By: Nicholas Sommer · License #RB14050981
Source: Xome
Added: Jun 2, 2025 Changed: Aug 29 Last Checked: Aug 29 at 5:48PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Alliance Group

Investment Insights

Based on property information with market context.

Located at 2323-2325 Wabash Street in Michigan City, this mixed-use property includes a restaurant and bar with residential apartments on the upper level. The building dates to 1925 and features an outdoor patio plus a large rear parking area with 50 spaces.

The commercial portion includes a walk-in cooler, freezer, bar coolers, True refrigerator, stove, oven, hood, and deep fryer. Included operational equipment also consists of POS systems, a pool table, dart machines, cash station, and jukebox. The property has a 3-way liquor license, pull tab sales, and three water heaters. The roof is 2 to 5 years old.

Key Highlights

  • Mixed‑use property with restaurant, bar, and upstairs apartments
  • 3‑way liquor license included
  • Restaurant equipment includes walk‑in cooler, freezer, hood, stove, oven, and deep fryer

Property Analytics

Current Use

Bars & Pubs

Suggested Use

Top Pick Law Firm Accounting Firm Dental Office Computer & Electronic Repair Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity
Yes
Commercial hood
Yes
Liquor license

Location Intelligence

Trade Area within ½ mile

521
Businesses Nearby

Demographics for 46360, IN

44,209
Population
21,652
Households
2
Avg Household Size
42
Median Age
23%
College-Educated
90%
High-School Grad
76.6 sq mi
ZIP Area
577
Density / Sq Mi
$59,641
Median Household Income
$36,738
Median Earnings
$924
Median Rent
$155,900
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - The property combines a food-and-beverage operation, upstairs apartments, and an outdoor patio.
Where is this mixed-use property located?
The property is located at 2323-2325 Wabash Street Michigan City, IN.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Mixed‑use property with restaurant, bar, and upstairs apartments; 3‑way liquor license included; Restaurant equipment includes walk‑in cooler, freezer, hood, stove, oven, and deep fryer
More about this property
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