3940 Franklin StMichigan City, IN 46360

Property Details for 3940 Franklin St

Lot size

0.16 AC

Property type

Land

Property subtype

Commercial land

APN

46-05-04-351-010.000-009

APU

460504351010000009

Description

This exceptional 5,720 square foot restaurant property in Michigan City, Indiana, presents a compelling redevelopment or remodel opportunity. Located on a 1.2-acre lot on bustling Franklin Street, this Class B retail building boasts a prime location within a thriving retail corridor, surrounded by national tenants and conveniently situated near I-94. The single-story building currently houses a second-generation restaurant and includes a liquor license (sold separately). The property's $1,100,000 asking price translates to $192.31 per square foot. Its high-traffic location draws customers from a wide regional area, including Michigan. Nearby establishments include a newly constructed Buffalo Wild Wings and a Taco Bell. This is a rare opportunity to acquire the last available street retail pad in this highly desirable location. The property is zoned for commercial retail use and offers significant potential for a variety of restaurant concepts, particularly those suited to a drive-through configuration. This is a unique chance to capitalize on a strong location and high demand in a growing market.

• Alternative Use

  Use

  Valuation

  Residential

  $2,563,892

  Hospitality

  $2,348,511

  Educational

  $1,953,934

  Medical

  $2,021,132

  Retail

  $3,039,452

Location Insight

City

Michigan City

County

Laporte

State

Indiana

Latitude

41.6826

Longitude

-86.893

CBSA code

33140

CBSA name

MICHIGAN CITY-LA PORTE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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