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Property profile & analytics
FOR SALE
Car washes

3417 Franklin St Michigan City, IN 46360

4,702 SF 0.79 ac lot Built 1959
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US31-2011492
Property summary
AI-generated overview

This exceptional opportunity presents a well-established, high-quality car wash business in Michigan City, Indiana, for sale at $1,500,000. The 4,702 square foot facility, built in 1959, sits on a 0.79-acre lot with Commercial zoning. Victory Lane Auto Spa boasts a best-in-class tunnel car wash, complemented by unique hand-drying techniques and premium detailing services. Its prime location in a high-traffic area ensures excellent visibility and accessibility, attracting a loyal customer base from residents, dealerships, and tourists. The business benefits from recently installed, top-of-the-line equipment, ample space for multiple detailing areas, and efficient operational assembly, ensuring smooth service even during peak demand. The established reputation for personalized care and customer satisfaction fosters strong repeat business. With Michigan City's growth and tourism increase, opportunities exist for expansion through added services, marketing, or subscription packages. This turnkey operation offers a strong foundation for continued success and market capitalization. The single-unit building is classified as Class B. This is an ideal investment for entrepreneurs seeking a profitable, community-loved business with a proven track record of excellence.

Property profile
Verified
Property type Car washes
Use group CAR WASH
Year built 1959
Construction WOOD
Total area 4,702 SF
Lot 0.79 ac (34,543 SF)
APN 46-05-05-277-029.000-009
UPID US31-2011492
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
Current use
Occupant on record · Public records
  • Victory Lane Auto Spa Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Victory Lane Auto Spa INC · 5 yrs held
Victory Lane Auto Spa INC
since 2020
6 recorded transactions
2025
Price N/A
2023
Price N/A
2022
Price N/A
2020
Price N/A
2015
Price N/A
2015
$319,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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