Property profile

3417 Franklin St Michigan Michigan City, IN 46360

FOR SALE
Car washes
Property ID
US31-2011492
4,702 SF 0.79 ac lot Built 1959
Entity Owned 6-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Car Wash

Location

3417 Franklin St, Unit Michigan Michigan City, IN 46360
Michigan City metro Census 40400 MICHIGAN CITY-LA PORTE, IN METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$375k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$375k

Owner & transaction history

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

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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