Property summary
This 3,003 square foot vacant restaurant building, built in 2019, is available for $2,200,000. Located at 5223 Franklin Street in Michigan City, Indiana, 46360, this property sits on a 0.82-acre lot and boasts a modern design, including a drive-thru lane accommodating 27 vehicles. The property features all furnishings, fixtures, and equipment (FF&E) from its previous use as a Hardee's, reflecting the brand's latest prototypical design. Zoned GB (General Business), this location benefits from high traffic volume, with an average annual daily traffic count of 35,050 vehicles on the nearby Franklin Street (421) retail corridor. Its convenient location is just 10 minutes south of Indiana Dunes State Park and is easily accessible from major highways and local neighborhoods, surrounded by other retail outlets and service businesses. The property offers ample parking and is situated near key road intersections, providing easy access for customers. The lease type is NNN. This is a turn-key opportunity for a quick-service restaurant or similar commercial venture.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant Take-out & Catering
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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