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Property profile & analytics

115 Coolspring Ave Michigan City, IN 46360-6116

  • Turn key restaurants
  • 1,281 SF
  • 0.42 lot acres
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US31-1802773
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Bubbles Ice Cream Parlor / Ice Cream Shop
  • Bicycle Rack / Bicycle Rack

Property Details for 115 Coolspring Ave

Year built
2003
Construction
WOOD
Lot size
0.42 lot acres
Property size
1,281 SF
Property type
Turn key restaurants
APN
46-01-32-484-010.000-022
APU
460132484010000022

Description

This exceptional opportunity presents the chance to acquire the highly successful Bubbles Ice Cream Parlor, a beloved Michigan City establishment since 2003. Located at 115 W Coolspring Ave, this family-owned business boasts a loyal customer base and prime location in LaPorte County's Neighborhood Commercial District (B-1 zoning). The 1,280 square foot, single-story building sits on an 18,150 square foot lot and includes 22 parking spaces. The asking price is $1,200,000, translating to $937.50 per square foot for the building and $936 per square foot for the land. The sale includes all furniture, fixtures, point-of-sale systems, and security cameras, offering a truly turnkey operation. The current owner is willing to provide training to ensure a smooth transition. Bubbles Ice Cream Parlor is consistently rated highly by satisfied customers and enjoys a reputation as the #1 dessert destination in LaPorte County, making this a rare opportunity to own a thriving, established business with significant potential for continued growth. This is a remarkable chance to own a well-established, profitable business in a desirable location. The property's Class D designation reflects its age and condition.


Value Estimations

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Location Insight

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  • Local Demand
City
Michigan City
County
Laporte
State
Indiana
Longitude
-86.8949
Latitude
41.695
CBSA code
33140
CBSA name
MICHIGAN CITY-LA PORTE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,197
$37,800
$100,900
$138,700
-
$37,800
$100,900
$138,700
More about this property
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