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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

910 Franklin St Michigan City, IN 46360

1,300 SF Built 1925
Property ID
Property summary
AI-generated overview

This 1,300 sq ft restaurant, located at 910 Franklin St, Michigan City, IN 46360, presents a unique owner-user investment opportunity. The property, built in 1925 and completely renovated in 2023, boasts a prime location in the downtown Arts District, near the South Shore Double Tracks and Lake Michigan beaches. The asking price is $169,900, reflecting a price per square foot of $130.69. The building sits on a 0.113 sq ft lot (APN: 460129476009000022). Over $100,000 was invested in building renovations and over $97,000 in new pizza equipment. The current lease, with approximately three years remaining, is $800 per month and includes a renewal option. This established business benefits from a highly visible location near the Blue Chip Casino, Prime Outlet Mall, and the zoo, attracting significant foot traffic. The sale includes the business and its established clientele. The property's charming exterior, envisioned with a white picket fence and cozy sidewalk seating, adds to its appeal. This turnkey operation is ready for a new owner to capitalize on its success and prime location. The business is open and ready to go.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1925
Total area 1,300 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Riccardo's Pizzeria Restaurant
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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