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    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
    by Request
    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
    2023
    2022
    2020
    2015
    2015
    $319,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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