Restaurant Property on Franklin
For Sale
$675,000
3940 Franklin St, Michigan City, IN 46360
Restaurant property with frontage on Franklin Street, near Highway 20.
Property SizeContact for details
Lot Size1.52 Acres
Days on Market213
Property Features for 3940 Franklin St
General Information
Standard status
Active
Lot size
1.52 Acres
Listing Agency:
@properties/Christie's Intl RE
(219) 221-0920
Listed By:
Anna Radtke
(219) 221-0920
Source:
Exprealty
Added: Jan 4
Changed: Jul 6
Last Checked: Jul 31 at 5:43PM
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 @properties/Christie's Intl RE
Investment Insights
Based on property information with market context.
This commercial property features 130 feet of frontage on Franklin Street, situated just north of Highway 20. Currently configured as a large restaurant, the property includes a bright entrance foyer and waiting area with seating for 12. It also features three indoor dining rooms, along with a three-season room equipped with ceiling heaters. All dining rooms include stone gas fireplaces. The layout incorporates three beverage/server stations, a large dish pit room, and a 12-seat bar. Substantial kitchen space, along with two walk-in coolers and a basement, provide potential for various dining options. A three-way liquor license is available with an acceptable offer. The property is also listed for lease.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
982
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Restaurant - Restaurant property with frontage on Franklin Street, near Highway 20.
Where is this restaurant located?
The property is located at 3940 Franklin St Michigan City, IN.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 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.
