5223 Franklin St, Michigan City, IN 46360-7856
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.
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Hardee's Restaurant Take-out & Catering
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
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Property description
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