401 Michigan St Burlington, IN 46915
- Retail properties
- 3,670 SF
Current Use by Public Records
- Horizon Bank / Bank
- Katie's Joyful Memories Photography / Photographer
Property Details for 401 Michigan St
- Year built
- 1971
- Property size
- 3,670 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional 3,670 square foot retail space, located at 401 S Michigan St in Burlington, Indiana, presents a unique investment opportunity. Previously a bank, this well-maintained Class B building boasts a solid 1971 construction and sits on a 13,200 square foot lot. The property features a prominent vault, numerous security deposit boxes, and a drive-through teller window with recently poured concrete. The flexible floor plan allows for diverse uses, including restaurants, bakeries, offices, or even another bank. Currently, a four-year agreement with Horizon Bank generates additional income through a self-operated ATM. The building benefits from convenient access to SR29/US421, ensuring high visibility and traffic. Recent improvements include a new gas furnace and mold remediation. Parking is available both in front of the building and in an additional lot at the rear, offering potential for expansion. Zoned B3 Central Business, this property is priced at $279,999 ($76.29/sq ft). Bakery renderings are available upon request. This is a truly blank slate, ready for your vision.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Burlington
- County
- Carroll
- State
- Indiana
- Longitude
- -86.3954
- Latitude
- 40.4821
