402 Us-20 Michigan City, IN 46360
- Retail properties
- 3,955 SF
- 2.30 lot acres
Current Use by Public Records
- Retail properties
Property Details for 402 Us-20
- Year built
- 1994
- Lot size
- 2.30 lot acres
- Property size
- 3,955 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional restaurant opportunity, the Sugar Bowl, is located at 402 US-20 in Michigan City, Indiana, and presents a compelling investment prospect. The 3,955 square foot building sits on a 2.3-acre lot (APN: 46-05-08-201-014.000-009), offering ample space and potential for expansion. Built in 1994, the property boasts a spacious interior with seating for 100 patrons, a reception counter, a private dining area, a full kitchen, storage, and restrooms. The restaurant benefits from a high-traffic location on US-20, a major highway with over 19,000 vehicles daily, and is conveniently situated near Franklin Street and the Dunes Plaza Shopping Mall, which includes tenants such as PetSmart, TJ Maxx, Dollar General, Ross, and Five Below. The B2 General Commercial zoning allows for diverse uses, including restaurant, retail, and hotel. The property features 45,700 square feet of paved parking and municipal water and sewer. The asking price is $1,125,000 ($284.45/sq ft). The sale includes the established business and a two-way liquor license. This property is part of a larger portfolio, offering additional acreage for potential development. The property's proximity to pristine beaches, the Indiana Dunes, and Lake Michigan provides a unique and attractive location for a thriving restaurant business. This is a rare opportunity to acquire a well-established restaurant with significant growth potential in a desirable location.
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
- -86.9015
- Latitude
- 41.6803
