910 Franklin St Michigan City, IN 46360
- Retail properties
- 1,300 SF
Current Use by Public Records
- Riccardo's Pizzeria / Pizza Restaurant
Property Details for 910 Franklin St
- Year built
- 1925
- Property size
- 1,300 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Michigan City
- County
- LaPorte
- State
- Indiana
- Longitude
- -86.8993
- Latitude
- 41.7125
