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    1073 Pine St Michigan City, IN 46360

    Sponsored
    For Lease
    Contact for pricing

    Prime Michigan City retail space available.

    Lot size:
    5,350 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A retail opportunity, located at The Franklin at 11th Street Station in Michigan City, offers 5,350 square feet of space, divisible to a minimum of 1,200 square feet. Ideally suited for a restaurant and coffee shop, this property is part of a vibrant mixed-use development boasting 220 upscale apartments and a convenient, 565-space enclosed parking garage. Its strategic location at the intersection of Franklin and 11th Street provides excellent visibility and accessibility. The development is further enhanced by its proximity to the brand new South Shore Train Station, offering residents and patrons easy access to downtown Chicago within a 65-minute commute. The commercial zoning ensures flexibility for a variety of retail uses. This is a unique chance to establish a business within a thriving community, benefiting from high foot traffic and a strong residential base. The property's modern design and amenities create a desirable environment for both businesses and customers. The available space is highly adaptable, allowing for customization to meet specific business needs. Don't miss this chance to be part of Michigan City's premier mixed-use development.

    Property Features for 1073 Pine St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,350 SF
    Class
    A

    Building Details

    Year Built
    25

    Unit(s) available at that property

    Space
    Retail Space 1
    Size
    5,350 SF

    HighLights

    • Retail/Restaurant space available, totaling 5,350 square feet.
    • Divisible spaces from 1,200 square feet to 5,350 square feet maximum contiguous space.
    • Class A retail space in a 25‑year‑old building.
    • 565 parking spaces in an enclosed garage.
    • Located at the Franklin at 11th Street Station, near Frankline and 11th Street, with Commercial Retail zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    NICTD South Shore ... Parking Lot

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Michigan City
    County
    Laporte
    State
    Indiana
    Longitude
    -86.897825398569
    Latitude
    41.711700679012

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    FAQs

    What type of property is this?
    Restaurant - Prime Michigan City retail space available.
    Where is this restaurant located?
    The property is located at 1073 Pine St Michigan City, IN.
    What are key features of this property?
    This property features: Retail/Restaurant space available, totaling 5,350 square feet.; Divisible spaces from 1,200 square feet to 5,350 square feet maximum contiguous space.; Class A retail space in a 25-year-old building.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1073 Pine St Michigan City, IN 46360
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