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Property profile & analytics
OFF-MARKET
Turn key restaurants

115 Coolspring Ave Michigan City, IN 46360-6116

1,281 SF 0.42 ac lot Built 2003
Individually Owned Absentee Owner Free & Clear
Property ID
US31-1802773
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2003
Construction WOOD
Total area 1,281 SF
Lot 0.42 ac (18,150 SF)
APN 46-01-32-484-010.000-022
UPID US31-1802773
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
  • Bubbles Ice Cream Parlor Grocery & Convenience Store Specialty Food Shop
  • Bicycle Rack Bicycle Rack
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
TIMOTHY C MARTIN
TIMOTHY C MARTIN
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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