115 Coolspring Ave Michigan City, IN 46360-6116
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.
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Bubbles Ice Cream Parlor Grocery & Convenience Store Specialty Food Shop
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Bicycle Rack Bicycle Rack
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.