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    3015 Michigan Blvd Michigan City, IN 46360

    Sponsored
    For Sale
    $550,000

    Profitable Turnkey Establishment

    Property size:
    2,304 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Exceptional opportunity to acquire a thriving Class A bar and restaurant located at 3015 E Michigan Blvd, Trail Creek, IN 46360. This 2,304 square foot, single-story building sits on a 0.71-acre lot and boasts a full liquor license. Completely renovated in 2019, the property features a desirable location on busy Michigan Boulevard, placing it near numerous businesses, the municipal golf course, Long Beach, and within minutes of SR-20 and I-94, ensuring high visibility and convenient access. The asking price is $550,000, translating to $238.72 per square foot. This owner-user investment presents a unique chance to own a well-established business in a vibrant community. The property is zoned for commercial retail use and offers significant potential for continued success. Michigan City's diverse economy, including tourism, manufacturing, and retail, provides a strong customer base. The area is known for its attractions, such as the Old Lighthouse Museum and Washington Park, which includes a beach and recreational facilities. This turnkey operation is ready for immediate occupancy and presents a compelling investment opportunity for a discerning buyer. The property's prime location and established clientele make it an ideal acquisition for an experienced restaurateur or investor seeking a profitable venture in a thriving market. Don't miss this chance to own a piece of Michigan City's vibrant culinary scene.

    Property Features for 3015 Michigan Blvd

    General Information

    Property type
    Restaurants
    Square Feet
    2,304 SF
    Class
    A
    Lot Size
    30,928 SF

    Building Details

    Year Renovated
    2019
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • Thriving Class A bar and restaurant with full liquor license.
    • 2,304 SF single‑story building on a 0.71‑acre lot, completely renovated in 2019.
    • Prime location on busy Michigan Blvd near businesses, golf course, Long Beach, SR‑20, and I‑94.
    • Asking price: $550,000 ($238.72/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Michigan City
    County
    LaPorte
    State
    Indiana
    Longitude
    -86.8528738
    Latitude
    41.7041417

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    FAQs

    What type of property is this?
    Restaurant - Profitable Turnkey Establishment
    Where is this restaurant located?
    The property is located at 3015 Michigan Blvd Michigan City, IN.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: Thriving Class A bar and restaurant with full liquor license.; 2,304 SF single-story building on a 0.71-acre lot, completely renovated in 2019.; Prime location on busy Michigan Blvd near businesses, golf course, Long Beach, SR-20, and I-94.
    Request Owner's contact information
    3015 Michigan Blvd Michigan City, IN 46360
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    Michigan City, IN 46360
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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
    3015 Michigan Blvd Michigan City, IN 46360
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