Property profile

3101 Us Hwy 12 Michigan City, IN 46360

OFF-MARKET
Turn key restaurants
Property ID
US31-0232267
9,725 SF 1.27 ac lot Built 1961
Entity Owned 11-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1961
Construction WOOD
Total area 9,725 SF
Lot 1.27 ac (55,191 SF)
APN 46-01-23-151-100.000-022
UPID US31-0232267

Cap rate & NOI

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

Location

3101 Us Hwy 12 Michigan City, IN 46360-2269
Michigan City metro Census 41300 MICHIGAN CITY-LA PORTE, IN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2015
2 recorded transactions
2015
Price N/A
2012
Price N/A

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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