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    Michigan City, IN Restaurants for Sale

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    Downtown Mixed-Use Building with Retail
    Updated: Sep 29, 2025
    Downtown Mixed-Use Building with Retail

    521 Franklin St, Michigan City, IN 46360

    $1,590,000
    21,057 sqft
    10‑unit mixed‑use building with 3 street‑level commercial spaces and 7 upstairs apartments
    Includes two office/retail storefronts and one restaurant space with established infrastructure
    Apartment mix includes open loft‑style studios and one‑bedroom units
    Seven unique apartments with individual character and layouts
    Located in the downtown Arts District near arts district retail and dining
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    This listing looks promising.

    Here's a quick look at some key insights for

    521 Franklin St, Michigan City, IN

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    • Est. Cap Rate

      9%
      Above avg (5.9%)

    • Est. NOI

      $143K
      Annual

    • Price @ 7% Cap

      $2.04M
      Above asking

    • Property Type

      Retail Stores
      Built 1880
    View Property Analytics
    Turnkey Restaurant With Rental Home
    Updated: Mar 19
    Turnkey Restaurant With Rental Home

    615 E In-212, Michigan City, IN 46360

    $675,000
    1,712 sqft 0.71 AC lot
    Locally owned established restaurant with 2‑way liquor & gaming license
    Restaurant is fully equipped with bar, TVs, neon bar lights, ample seating, and 2 separate bathrooms
    Major interior renovations completed in 2025, including plumbing, electrical, insulation, and A/C & HVAC upgrades
    Newly paved parking area with circular driveway, plus driveway and off‑street parking
    Separate 2‑bedroom home included for owner occupancy or potential rental income
    View details
    Restaurant Property on Franklin Street
    Restaurant Property on Franklin Street

    3940 Franklin St, Michigan City, IN 46360

    $675,000
    1.52 AC lot

    Restaurant property with frontage on Franklin Street, near Highway 20.

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    Michigan City Sports Bar For Sale
    Michigan City Sports Bar For Sale

    204 W Barker Ave, Michigan City, IN 46360

    $875,000

    Full-service sports bar with 3-way liquor license and gaming license.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Freestanding Hardee's Restaurant
    Freestanding Hardee's Restaurant

    5223 Franklin St, Michigan City, IN 46360

    Contact for pricing
    3,300 sqft 0.82 AC lot

    Built in 2019, this freestanding Hardee's restaurant operates under a long-term lease with renewal options.

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    Turn Key Retail Space ForSale
    Turn Key Retail Space ForSale

    909 Franklin St, Michigan City, IN

    $1,000,000
    2,350 sqft 0.09 AC lot

    Retail space with equipment and upper level residence for sale.

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    Michigan City Industrial Building Portfolio
    Michigan City Industrial Building Portfolio

    332 US-20, Michigan City, IN 46360

    $1,125,000
    38,190 sqft 2.00 AC lot

    Two properties available: industrial building and restaurant on US-20.

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 7 Active listings in Michigan City, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 65 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Former Pizza Hut For Sale
    Former Pizza Hut For Sale

    75 Pine Lake Ave, La Porte, IN 46350

    $1,200,000
    1,221 sqft

    1221 SF former Pizza Hut with pick-up window.

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    Drive-Thru Restaurant For Sale
    Drive-Thru Restaurant For Sale

    150 Pine Lake Avenue, La Porte, IN

    $2,999,000
    14,015 sqft 1.20 AC lot

    15-year absolute net lease, new construction, near major highway.

    View details
    New Buffalo Commercial Opportunity
    New Buffalo Commercial Opportunity

    801 W Buffalo Street, New Buffalo, MI 49117

    $450,000
    2,450 sqft 0.34 AC lot

    Restaurant and retail property in New Buffalo, Michigan for sale.

    View details
    New Buffalo Development Opportunity
    New Buffalo Development Opportunity

    18550 Harbor Country Drive, New Buffalo, MI 49117

    $299,999
    2.10 AC lot

    2.1 acres suitable for gas station, restaurant, storage, or residential.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    General Commercial Development Land
    General Commercial Development Land

    S Woodland Avenue, Michigan City, IN 46360

    $299,000
    17.53 AC lot

    Flat, out-of-floodplain commercial land with 250 feet of road frontage on S Woodland Ave and city water/sewer, electric, and gas available.

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    Commercial Land Near I-94
    Commercial Land Near I-94

    3886 N 950 W, Michigan City, IN 46360

    $350,000
    5.58 AC lot

    5.38 acres of commercial land in Michigan City, Indiana.

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    Valparaiso Land with Existing Infrastructure
    Valparaiso Land with Existing Infrastructure

    2510 Cumberland Drive, Valparaiso, IN 46383

    $570,240
    1.99 AC lot

    Commercial land with utilities and parking in premium location.

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    Valparaiso, IN Commercial Land
    Valparaiso, IN Commercial Land

    2500 Cumberland Drive, Valparaiso, IN 46383

    $227,383
    1.00 AC lot

    One-acre commercial lot in a premium, fully developed location.

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    Off-Market Properties in Michigan City, IN

    Consider similar Off-Market properties in Michigan City, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    5223 Franklin St
    RESTAURANT

    5223 Franklin St, Michigan City, IN 46360-7856

    Value Estimation by Request
    0.82 AC lot
    View details
    701 Washington St
    RESTAURANT

    701 Washington St, Michigan City, IN 46360-3420

    Value Estimation by Request
    1,324 sqft 0.31 AC lot
    View details
    5860 Franklin St
    RESTAURANT

    5860 Franklin St, Michigan City, IN 46360

    Value Estimation by Request
    5,283 sqft 0.91 AC lot
    View details
    2613 Us Hwy 12
    RESTAURANT

    2613 Us Hwy 12, Michigan City, IN 46360-2158

    Value Estimation by Request
    1,224 sqft 0.88 AC lot
    View details
    5809 Franklin St
    RESTAURANT

    5809 Franklin St, Michigan City, IN 46360-7852

    Value Estimation by Request
    3,640 sqft 2.53 AC lot
    View details
    801 Franklin St
    RESTAURANT

    801 Franklin St, Michigan City, IN 46360-3507

    Value Estimation by Request
    2,583 sqft 0.07 AC lot
    View details
    433 Dahlia St
    RESTAURANT

    433 Dahlia St, Michigan City, IN 46360-2104

    Value Estimation by Request
    5,325 sqft 3.25 AC lot
    View details
    3956 Franklin St
    RESTAURANT

    3956 Franklin St, Michigan City, IN 46360-7353

    Value Estimation by Request
    6,915 sqft 1.03 AC lot
    View details
    216 Us Hwy 20
    RESTAURANT

    216 Us Hwy 20, Michigan City, IN 46360-7371

    Value Estimation by Request
    1,950 sqft 0.76 AC lot
    View details
    212 Us Hwy 20
    RESTAURANT

    212 Us Hwy 20, Michigan City, IN 46360-7371

    Value Estimation by Request
    1,864 sqft 0.95 AC lot
    View details
    3715 Franklin St
    RESTAURANT

    3715 Franklin St, Michigan City, IN 46360-7310

    Value Estimation by Request
    2,190 sqft 1.26 AC lot
    View details
    5300 Franklin St
    RESTAURANT

    5300 Franklin St, Michigan City, IN 46360-7375

    Value Estimation by Request
    5,283 sqft 0.73 AC lot
    View details
    416 Us Hwy 20
    RESTAURANT

    416 Us Hwy 20, Michigan City, IN 46360-7363

    $525,000
    Estimated value
    15,464 sqft 1.61 AC lot
    View details
    4357 Franklin St
    RESTAURANT

    4357 Franklin St, Michigan City, IN 46360-7895

    Value Estimation by Request
    2,579 sqft 0.54 AC lot
    View details
    3801 Franklin St
    RESTAURANT

    3801 Franklin St, Michigan City, IN 46360-7312

    Value Estimation by Request
    2,760 sqft 0.54 AC lot
    View details
    110 9th St
    RESTAURANT

    110 9th St, Michigan City, IN 46360-3504

    Value Estimation by Request
    12,271 sqft 0.11 AC lot
    View details
    3311 Pottawattomie Trl
    RESTAURANT

    3311 Pottawattomie Trl, Michigan City, IN 46360-1039

    $1,635,000
    Estimated value
    9,199 sqft 0.55 AC lot
    View details

    Michigan City, IN Restaurants Market Trends and Statistics

    Explore 72 restaurants for sale in Michigan City, IN, showcased through 7 active listings on our real estate platform. These investment opportunities span a total of 63,309 square feet of properties for sale, with an estimated market value of $4,390,000.

    Sale prices for restaurant properties in Michigan City, IN start at $675,000, averaging $1,097,500, and reaching up to $1,590,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 6
    Bars & Pubs 2
    Coffee shops 2

    Demographics Overview

    Population 44K
    Population Growth (5Y) +0.7%
    Median Household Income $59,641
    College Educated 15.5%

    High-Yield Neighborhoods for Investment

    Identify Michigan City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    46360 $948.6K

    Taxes & Financing

    Tax Rate (average for all types) 2.64%
    Property Tax per SF $45.66 per SF
    Tax Rate vs County Average 0.23 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in LaPorte County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in LaPorte County

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