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Financial
Distress signals
Property profile

204 W Barker Ave Michigan City, IN 46360

FOR SALE
Turn key restaurants
Property ID
US31-1157165
6,400 SF 0.11 ac lot Built 1939
Last sale Jun 2017
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a fully built-out sports bar and grill in Michigan City, Indiana, historically operated as a full-service bar with a 3-way liquor license and a fully equipped kitchen featuring a hood. It includes a gaming license. The facility has an outdoor fenced patio with a fully enclosed bar area. The site provides customer parking and is located less than one mile from Lighthouse Premium Outlet Mall.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$5k
Tax billed · 2023
Assessed value$158k
Assessed land$19k
Assessed improvement$140k
Effective rate3.02%

Value estimate

· Oct 2026
$270k
$243k – $297k
AI approach$270k
NOI build-up
Gross scheduled income$173k
Vacancy & credit loss−$7k
Operating expenses−$42k
NOI · 12.47% cap applied$125k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
12.47%
$125k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionLA PORTE

Location intelligence

Which uses thrive at this corner?
Best fit: Accounting Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Accounting Firm10.0
Garden Center9.6
Locksmith9.1

Location

204 W Barker Ave Michigan City, IN 46360
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
922 Chicago, Michigan City, IN 46360-4105 $40,000 Jun 2023 3,340 SF
3414 Michigan, Michigan City, IN 46360-6583 $150,000 Mar 2021 3,600 SF
4353 Franklin, Michigan City, IN 46360-7806 $4,150,000 May 2020 6,006 SF
906 Franklin, Michigan City, IN 46360-3512 $430,000 Mar 2020 10,101 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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