Property summary
This exceptional investment opportunity encompasses a thriving 15,908-square-foot commercial property situated on a 3.25-acre lot in the desirable Long Beach, Indiana area. The property is comprised of two distinct components: a highly successful Hacienda Mexican restaurant, occupying 8,036 square feet, and a 7,872-square-foot office building housing five individual tenants, each with private access and a history of long-term occupancy. Both the restaurant and office building are currently fully leased under net lease agreements, providing a stable and predictable income stream. The restaurant's lease extends to 2033, ensuring long-term financial security. The property boasts ample surface parking, catering to both restaurant patrons and office tenants. Its prime location on N. Karwick Rd, just off busy SR 12, places it within a bustling tourist area and minutes from downtown Michigan City, ensuring high visibility and accessibility. The property is zoned Commercial and offers a compelling combination of established businesses and a strong potential for future growth within a vibrant Lake Michigan community. The asking price for this turnkey investment is $3,825,000.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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