Property profile

2148 Karwick Rd Long Beach, IN 46360

OFF-MARKET
Turn key restaurants
Property ID
US31-1902439
8,036 SF 3.25 ac lot Built 2005
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2005
Construction WOOD
Total area 8,036 SF
Lot 3.25 ac (141,570 SF)
APN 46-01-14-354-013.000-070
UPID US31-1902439

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2148 Karwick Rd Long Beach, IN 46360-1504
Long Beach metro Census 41100 MICHIGAN CITY-LA PORTE, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$400k
CAP Approach CAP
by Request
Comparable Approach Comparable
$883k
Blend (final) Blend
$640k

Owner & transaction history

since 2025
1 recorded transaction
2025
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $640,000 +6.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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