3015 E Michigan Blvd Trail Creek, IN 46360
Restaurant bar in Michigan City, Indiana, for sale.
Property Features for 3015 E Michigan Blvd
General Information
- Standard status
- Active
- Size
- 2,304 SF
- Property subtype
- Retail
Listing office Ascend Real Estate Advisors
Listing date Oct 30, 2023
Source Crexi
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 Ascend Real Estate Advisors
Investment Insights
Based on property information with market context.
Key Highlights
- Location in Michigan City, IN
- Formerly known as Creekside Bar and Grill
- Proximity to attractions like the Old Lighthouse Museum and Washington Park
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.2k | $27.00 |
| − Vacancy | −$2.4k | −$1.05 |
| EGI | $59.8k | $25.95 |
| − OpEx | −$14.9k | −$6.49 |
| NOI | $44.8k | $19.46 |
Alternative Uses
Property Analytics
Current Use by Public Records
Similar Off Market Nearby
- Bananas night club — 617 emma st, michigan city, in 46360
- TAP HOUSE — 2323 E Michigan Blvd, Michigan City, IN 46360, United States
