3940 Franklin St, Michigan City, IN 46360-7315
- Commercial land
- 0.16 lot acres
Current Use by Public Records
- Franklin Street Family Restaurant / Restaurant
Property Details for 3940 Franklin St
- Lot size
- 0.16 lot acres
- Property type
- Commercial land
- APN
- 46-05-04-351-010.000-009
- APU
- 460504351010000009
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Mar 28, 2023 | — | John Fegaras | John Fegaras | Intrafamily Transfer · related | — |
| Sep 24, 2015 | — | John Fegaras | 5718 Franklin Street LLC | Warranty Deed | $90k · City Of Michigan City |
| May 19, 2015 | — | 5718 Franklin Street LLC | John Fegaras | Quit Claim Deed · related | — |
Description
This exceptional 5,720 square foot restaurant property in Michigan City, Indiana, presents a compelling redevelopment or remodel opportunity. Located on a 1.2-acre lot on bustling Franklin Street, this Class B retail building boasts a prime location within a thriving retail corridor, surrounded by national tenants and conveniently situated near I-94. The single-story building currently houses a second-generation restaurant and includes a liquor license (sold separately). The property's $1,100,000 asking price translates to $192.31 per square foot. Its high-traffic location draws customers from a wide regional area, including Michigan. Nearby establishments include a newly constructed Buffalo Wild Wings and a Taco Bell. This is a rare opportunity to acquire the last available street retail pad in this highly desirable location. The property is zoned for commercial retail use and offers significant potential for a variety of restaurant concepts, particularly those suited to a drive-through configuration. This is a unique chance to capitalize on a strong location and high demand in a growing market.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Michigan City
- County
- Laporte
- State
- Indiana
- Longitude
- -86.893
- Latitude
- 41.6826
- CBSA code
- 33140
- CBSA name
- MICHIGAN CITY-LA PORTE, IN METROPOLITAN STATISTICAL AREA
