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    FOR SALE
    Retail space

    3015 E Michigan Blvd, Trail Creek, IN 46360

    2,304 SF 0.71 ac lot Built 1970
    Entity Owned 7-yr Hold Free & Clear
    Property ID
    US31-2311041
    Property summary
    AI-generated overview

    Exceptional opportunity to acquire a thriving Class A bar and restaurant located at 3015 E Michigan Blvd, Trail Creek, IN 46360. This 2,304 square foot, single-story building sits on a 0.71-acre lot and boasts a full liquor license. Completely renovated in 2019, the property features a desirable location on busy Michigan Boulevard, placing it near numerous businesses, the municipal golf course, Long Beach, and within minutes of SR-20 and I-94, ensuring high visibility and convenient access. The asking price is $550,000, translating to $238.72 per square foot. This owner-user investment presents a unique chance to own a well-established business in a vibrant community. The property is zoned for commercial retail use and offers significant potential for continued success. Michigan City's diverse economy, including tourism, manufacturing, and retail, provides a strong customer base. The area is known for its attractions, such as the Old Lighthouse Museum and Washington Park, which includes a beach and recreational facilities. This turnkey operation is ready for immediate occupancy and presents a compelling investment opportunity for a discerning buyer. The property's prime location and established clientele make it an ideal acquisition for an experienced restaurateur or investor seeking a profitable venture in a thriving market. Don't miss this chance to own a piece of Michigan City's vibrant culinary scene.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1970
    Construction WOOD
    Total area 2,304 SF
    Lot 0.71 ac (30,928 SF)
    APN 46-01-35-153-002.000-026
    UPID US31-2311041
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Blend (final) Blend
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    Owner & transaction history
    Roeskeyville Properties LLC · 7 yrs held
    Roeskeyville Properties LLC
    since 2018
    2 recorded transactions
    2018
    2014
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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