1108 franklin Street, Michigan City, IN 46360 (MLS# 475137)

1108 franklin Street, Michigan City, IN 46360

$650,000

Property Type: Commercial Sale Square Footage: 9,449 Lot Size (sq. ft.): 30,868 Status: Closed

Current Price: $650,000 List Date: 5/27/2020 Last Modified: 2/24/2024

Overview

Description

This building is currently being used as the Moose Lodge. Would make a great restaurant, sports bar, or night club. There is a four lane bowing alley in the basement. A second bar and entertainment area is also located in the basement. You could have two different activities going on at the same time. This is across the street from the new purposed train station and double set of railroad tracks. This building could be used for many different uses, with zoning approval. Public bus service is available.

Listing Details MLS# 475137

General Property Information

Living Area: 9449
Building Area Source: Assessor
Accessibility Features YN: Yes
Year Built: 1900
Lot Size Acres: 0.7086
Lot Size Square Feet: 30868
Lot Size Dimensions: irregular
Stories: Yes

Property Features

Building Features: Acoustical Ceiling(s); Business District Location; Enclosed Stair(s); Exercise Room; Meeting Room; Passenger Elevator(s); Public Restrooms; Suspended Ceiling(s); Other Construction Materials: Block; Brick; Concrete; Other Cooling: Central Air; Exhaust Fan; Zoned Current Use: Commercial; Recreational Electric: 200+ Amp Service; 220 Volts; Circuit Breakers; Fuses Flooring: Concrete; Parquet; Vinyl; Other Foundation Details: Block; See Remarks Frontage Type: Other Heating: Ceiling; Forced Air; Natural Gas; Zoned Interior Features: Elevator Listing Terms: Cash; Conventional Lot Features: Corner Lot; Near Public Transit Parking Features: Gated; Lighted; Open; Paved; Unpaved Possession: Other Possible Use: Commercial; Office; Place of Worship; Recreational; Warehouse; Other Rail Availability: None Road Frontage Type: City Street Roof: Barrel; Membrane; Rubber Security Features: Fire Alarm; Fire Hydrant On Site; Fire Sprinkler System; Security Lights; Security System Tenant Pays: None Utilities: Cable Available; Electricity Available; Electricity Connected; Natural Gas Available; Natural Gas Connected; Phone Available; Sewer Connected Water Source: Public Showing Requirements: 24 Hour Notice

Contract Information

Auction YN: No
Original List Price: 750000
Property Sub Type: Mixed Use
Listing Agreement: Exclusive Right To Sell
Owner Name: Loyal Order of Moose 980
Occupant Type: Owner

Location Tax and Legal

Street Number: 1108
Street Name: franklin
Street Suffix: Street
County: La Porte
State: IN
Postal Code: 46360
Subdivision Name: Michigan City Land Companys

Remarks and Miscellaneous

Public Remarks: This building is currently being used as the Moose Lodge. Would make a great restaurant, sports bar, or night club. There is a four lane bowing alley in the basement. A second bar and entertainment area is also located in the basement. You could have two different activities going on at the same time. This is across the street from the new purposed train station and double set of railroad tracks. This building could be used for many different uses, with zoning approval. Public bus service is available.

Status Change Information

Major Change Timestamp: 2024-02-18T02:05:41Z
Major Change Type: Price Reduced
Price Change Timestamp: 2024-02-18T02:05:41Z
Status Change Timestamp: 2021-09-10
Offer Acceptance Date: 2021-05-21
Close Date: 2021-09-10
Close Price: 650000
Concessions: No
Buyer Financing: Cash

More Information

Building Features

Building Dimensions: irregular
Number of Offices: Yes
Office SqFt: 120
Acoustical Ceiling(s): Yes
Business District Location: Yes
Enclosed Stair(s): Yes
Exercise Room: Yes
Meeting Room: Yes
Passenger Elevator(s): Yes
Public Restrooms: Yes
Suspended Ceiling(s): Yes
Other: Yes

Exemption Information

Exemption YN: Y
Exemptions: yes

Income and Expenses

Electric Expense: 3000
Expense Year: 2019
Gross Income: 0
Gross Scheduled Income: 0
Insurance Expense: 0
Maintenance Expense: 0
Manager Expense: 0
Net Operating Income: 0
New Taxes Expense: 0
Other Expense: 0
Professional Management Expense: 0
Sewer Expense: 0
Supplies Expense: 0
Total Actual Rent: 0
Trash Expense: 0
Water Expense: 0

Showing Requirements

Showing Instructions: Please give 24 hour notice and showing times between 9 and 1
24 Hour Notice: Yes

Historical Information

Public Historical Remarks: Utilities: On, Frontage Access: Public Road,Stop Sign Intersect, Utilities: Storm Sewer Avail., Fire Protect: Fire Extinguishers

Location, Tax, and Legal

Postal Code +4: 3702
Tax Legal Description: Legal Description: 42-01-29-482-005 LAND CO 10 FT E SD EX 105 FT N END LT 2 BLK 96 LAND CO LT 4 BLK & see attached sheet their are seven parcels.
Parcel Number: 460129482005000022
Township: Michigan
Directions: Franklin Street North to the 1100 Block.
Cross Street: Detroit

Construction Materials

Block: Yes
Brick: Yes
Concrete: Yes
Other: Yes

Cooling

Central Air: Yes
Exhaust Fan: Yes
Zoned: Yes

Electric

200+ Amp Service: Yes
220 Volts: Yes
Circuit Breakers: Yes
Fuses: Yes

Flooring

Concrete: Yes
Parquet: Yes
Vinyl: Yes
Other: Yes

Foundation Details

Block: Yes
See Remarks: Yes

Frontage Type

Other: Yes

Heating

Ceiling: Yes
Forced Air: Yes
Natural Gas: Yes
Zoned: Yes

Interior Features

Elevator: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Corner Lot: Yes
Near Public Transit: Yes

Parking Features

Gated: Yes
Lighted: Yes
Open: Yes
Paved: Yes
Unpaved: Yes

Possession

Other: Yes

Road Frontage Type

City Street: Yes

Roof

Barrel: Yes
Membrane: Yes
Rubber: Yes

Security Features

Fire Alarm: Yes
Fire Hydrant On Site: Yes
Fire Sprinkler System: Yes
Security Lights: Yes
Security System: Yes

Utilities

Cable Available: Yes
Electricity Available: Yes
Electricity Connected: Yes
Natural Gas Available: Yes
Natural Gas Connected: Yes
Phone Available: Yes
Sewer Connected: Yes

Water Source

Public: Yes

Auction

Minimum Opening Bid: 0
Buyer Premium Amount: 0

Tenant Pays

None: Yes

Current Use

Commercial: Yes
Recreational: Yes

Possible Use

Commercial: Yes
Office: Yes
Place of Worship: Yes
Recreational: Yes
Warehouse: Yes
Other: Yes

Rail Availability

None: Yes

Listing Office: McColly Real Estate

Last Updated: February - 24 - 2024

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