2148 Karwick Rd Long Beach, IN 46360-1504
- Turn key restaurants
- 8,036 SF
- 3.25 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 2148 Karwick Rd
- Year built
- 2005
- Construction
- WOOD
- Lot size
- 3.25 lot acres
- Property size
- 8,036 SF
- Property type
- Turn key restaurants
- APN
- 46-01-14-354-013.000-070
- APU
- 460114354013000070
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Laporte
- State
- Indiana
- Longitude
- -86.8548
- Latitude
- 41.7389
- CBSA code
- 33140
- CBSA name
- MICHIGAN CITY-LA PORTE, IN METROPOLITAN STATISTICAL AREA
