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Michigan City, IN NNN Properties for Sale

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Panera Bread Drive-Through Restaurant
Updated: Oct 9
Panera Bread Drive-Through Restaurant

5673 Franklin St, Michigan City, IN 46360

$3,209,000
4,500 sqft 1.00 AC lot
4,500‑square‑foot freestanding restaurant on approximately one acre
Built in 2013 with drive‑through service
New 15‑year NNN lease, with 10% increases every five years during the initial term
Four additional five‑year renewal options
Lease guarantee by Hanna Graham Investments
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Scored against comparables nationwide. These are worth a look.

Scored against comparables nationwide. These are worth a look.

Cap Rate available after sign in
Est. NOI available after sign in
Local Demand available after sign in
Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Michigan City, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

7 Brew Drive-Through Restaurant
7 Brew Drive-Through Restaurant

6283 US Hwy 6, Portage, IN 46368

$1,951,220
510 sqft

The property includes dual drive-through lanes and a 15-year NNN ground lease.

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Street Retail Building with Parking
Street Retail Building with Parking

1500 West 37th Avenue, Hobart, IN 46342

$495,000
2,400 sqft

Retail building with a drive-in door, adjacent gravel lot option, and 18 paved parking spaces.

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Rainstorm Express Car Wash
Rainstorm Express Car Wash

8585 East 37th Avenue, Hobart, IN 46342

Contact for pricing
5,904 sqft 2.63 AC lot

The Hobart property is subject to a long-term triple-net lease.

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Hooters Absolute NNN Property
Hooters Absolute NNN Property

1665 Olmstead Dr, Portage, IN 46368

$2,980,000

Built in 2017 for the restaurant brand, the single-tenant property has scheduled rent increases and four five-year renewal options.

View details

Michigan City, IN Nnn Properties Market Trends and Statistics

Explore 1 nnn properties for sale in Michigan City, IN on our real estate platform. These investment opportunities span a total of 4,500 square feet of properties for sale, with an estimated market value of $3,209,000.

Sale prices for triple net lease properties in Michigan City, IN average $3,209,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 44K
Population Growth (5Y) +0.7%
Median Household Income $59,641
College Educated 15.5%

Taxes & Financing

Tax Rate (average for all types) 2.64%
Property Tax per SF $45.66 per SF
Tax Rate vs County Average 0.23 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in LaPorte County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Michigan City fall within the 10,000 to 25,000 square foot range.

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