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Property profile & analytics
OFF-MARKET
Turn key restaurants

110 9th St Michigan City, IN 46360-3504

12,271 SF 0.11 ac lot Built 1900
Entity Owned 5-yr Hold Absentee Owner Free & Clear
Property ID
US31-2243740
Property summary
AI-generated overview

This exceptional 3,200 square foot commercial property, located at 110 W 9th Street in Michigan City, Indiana's vibrant Uptown Arts District, presents a unique investment opportunity. Currently configured as an event space, this single-tenant property boasts a spacious open floor plan ideal for a variety of uses. Features include a built-in stage, DJ booth, and two restrooms. Existing stereo equipment is included, although a prospective tenant is responsible for verifying its functionality. The property's C1 zoning allows for diverse possibilities, including upscale event venues, dance studios, yoga/pilates studios, or fitness centers. Situated on the second floor, this location offers convenient access to the South Shore Train, providing a direct route to Chicago in approximately 60 minutes. The property benefits from its proximity to significant developments, including the $93 million-plus Station Block mixed-use project featuring over 200 residential units and commercial retail space, and the $230 million Sola residence hotel development. This prime location within a rapidly growing lakefront community offers exceptional potential for future appreciation. The property's APN is 46-01-29-412-001.000-022, 46-01-29-412-002.000-022, and is located in La Porte County, zip code 46360.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1900
Construction TYPE NOT SPECIFIED
Total area 12,271 SF
Lot 0.11 ac (5,000 SF)
APN 46-01-29-458-013.000-022
UPID US31-2243740
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
  • Royale With Cheese Restaurant
  • Stony Gardens Catering Take-out & Catering Catering Service
  • Oldschool on 9th Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Bocce Brothers LLC · 5 yrs held
Bocce Brothers LLC
since 2020
3 recorded transactions
2022
Price N/A
2020
Price N/A
2017
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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