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Financial
Distress signals
Property profile

3015 E Michigan Blvd Trail Creek, IN 46360

FOR SALE
Retail space
Property ID
US31-2311041
2,304 SF 0.71 ac lot Built 1970
Last sale Jul 2018
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. Free & Clear No active or open recorded mortgage detected.
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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. …

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?
$3k
Tax billed · 2023
Assessed value$114k
Assessed land$52k
Assessed improvement$62k
Effective rate2.54%

Value estimate

· Oct 2026
$275k
$248k – $303k
AI approach$275k
NOI build-up
Gross scheduled income$62k
Vacancy & credit loss−$2k
Operating expenses−$15k
NOI · 8.15% cap applied$45k

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?
8.15%
$45k 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: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency19.5
Restaurant16.8
Building Supply16.7

Location

3015 E Michigan Blvd Trail Creek, IN 46360
County assessor Recorded deeds · 2 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1811 Franklin, Michigan City, IN 46360-4503 $365,000 Oct 2023 2,263 SF
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
2909 Us Hwy 12, Michigan City, IN 46360-2181 $1,000,000 Apr 2020 1,950 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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