3417 Franklin St, Michigan City, IN 46360
For Sale
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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.
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Victory Lane Auto Spa Car Wash
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.