227 W 7th Street, Michigan City, IN 46360

$710,000
Property Type: Commercial Sale Square Footage: 2,392 Lot Size (sq. ft.): 6,400 Status: Closed
Current Price: $710,000 List Date: 7/12/2022 Last Modified: 2/24/2024

Overview

Description

A true taste of Ireland right here in Michigan City! This classic Irish Pub is centrally located in Michigan City's Historic District, across the street from Lighthouse Place Premium Outlets & steps away from the Uptown Arts District. Upon arriving, you'll be greeted with historic charm, beautiful landscaping & a massive granite outdoor patio with current seating for 50 & an outdoor rustic wood-burning fieldstone fireplace w/ a gas starter. Step inside & witness true historic charm dating back to the 1800s with a perfect blend of true Irish pub flare. Current indoor dining for up to 50, bar for up to 25, & party upstairs for up to 25 with total capacity of 150. With the South Shore Double Tracking project, this is an ideal location for visibility & foot traffic for full-time residents & vacationers alike! Property sits on a double city lot (80x80) & comes completely turn-key, including a THREE-WAY LIQUOR LICENSE. This is and will continue to be a fully operational business during sale.

Listing Details MLS# 514311

General Property Information

Living Area
2392
Building Area Source
Estimated
Accessibility Features YN
Yes
Year Built
1887
Lot Size Acres
0.1469
Lot Size Square Feet
6400
Lot Size Dimensions
80x80
Stories
0

Property Features

Building Features: Business District Location; Commercial Park Location; Courtyard; Exterior Lighting; Patio; Private Restrooms; Public Restrooms; Other Construction Materials: Block; Brick; Concrete; Frame; Vinyl Siding Cooling: Central Air Current Use: Commercial Flooring: Tile; Wood Foundation Details: Brick/Mortar Heating: Forced Air; Natural Gas Interior Features: Elevator Listing Terms: Cash; Conventional Lot Features: Near Public Transit Parking Features: Paved Possession: Negotiable Possible Use: Commercial; Recreational; Retail; Other Rail Availability: None Road Frontage Type: City Street Roof: Shake; Wood Security Features: Fire Alarm; Fire Sprinkler System; Security System Special Licenses: Liquor Tenant Pays: Gas; Water Utilities: Electricity Available; Electricity Connected; Natural Gas Available; Natural Gas Connected; Sewer Connected; Water Connected Water Source: Public Showing Requirements: 24 Hour Notice

Contract Information

Auction YN
No
Original List Price
849000
Property Sub Type
Retail
Property Attached YN
No
Listing Agreement
Exclusive Right To Sell
Occupant Type
Owner

Location Tax and Legal

Street Number
227
Street Direction Prefix
W
Street Name
7th
Street Suffix
Street
County
La Porte
State
IN
Postal Code
46360
Subdivision Name
N/A

Remarks and Miscellaneous

Public Remarks
A true taste of Ireland right here in Michigan City! This classic Irish Pub is centrally located in Michigan City's Historic District, across the street from Lighthouse Place Premium Outlets & steps away from the Uptown Arts District. Upon arriving, you'll be greeted with historic charm, beautiful landscaping & a massive granite outdoor patio with current seating for 50 & an outdoor rustic wood-burning fieldstone fireplace w/ a gas starter. Step inside & witness true historic charm dating back to the 1800s with a perfect blend of true Irish pub flare. Current indoor dining for up to 50, bar for up to 25, & party upstairs for up to 25 with total capacity of 150. With the South Shore Double Tracking project, this is an ideal location for visibility & foot traffic for full-time residents & vacationers alike! Property sits on a double city lot (80x80) & comes completely turn-key, including a THREE-WAY LIQUOR LICENSE. This is and will continue to be a fully operational business during sale.

Status Change Information

Major Change Timestamp
2022-10-12T11:56:46Z
Major Change Type
Status Change
Status Change Timestamp
2022-10-12
Offer Acceptance Date
2022-08-10
Close Date
2022-10-12
Close Price
710000
Concessions
No
Buyer Financing
Cash

More Information

Exemption Information

Exemption YN
Y

Frontage Type

Frontage Length
80

Income and Expenses

New Taxes Expense
3024
Electric Expense
0
Gross Income
0
Gross Scheduled Income
0
Insurance Expense
0
Maintenance Expense
0
Manager Expense
0
Net Operating Income
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
Prior to 10am preferred, Schedule through ShowingTime. 24-Hour Notice required.
24 Hour Notice
Yes

Historical Information

Public Historical Remarks
Utilities: On, Frontage Access: Public Road, Parking: Public Parking, Roof Structure: Gable,Pitched, Fire Protect: Fire Extinguishers

Location, Tax, and Legal

Postal Code +4
3407
Tax Legal Description
Legal Description: 42-01-29-406-010 E O S 40 FT E SD W 1/2 LT 7 BLK 27. TIF ASSMT #51 & & 42-01-29-406-011 E O S W 1/2 E 1/2 LT 7 BLK 27. TIF ASSMT #51
Parcel Number
460129406010000022
Township
Michigan
Directions
Wabash Street to 7th Street. Property located on the north side of street.
Cross Street
Wabash

Construction Materials

Block
Yes
Brick
Yes
Concrete
Yes
Frame
Yes
Vinyl Siding
Yes

Cooling

Central Air
Yes

Flooring

Tile
Yes
Wood
Yes

Foundation Details

Brick/Mortar
Yes

Heating

Forced Air
Yes
Natural Gas
Yes

Interior Features

Elevator
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Lot Features

Near Public Transit
Yes

Parking Features

Paved
Yes

Possession

Negotiable
Yes

Road Frontage Type

City Street
Yes

Roof

Shake
Yes
Wood
Yes

Security Features

Fire Alarm
Yes
Fire Sprinkler System
Yes
Security System
Yes

Utilities

Electricity Available
Yes
Electricity Connected
Yes
Natural Gas Available
Yes
Natural Gas Connected
Yes
Sewer Connected
Yes
Water Connected
Yes

Water Source

Public
Yes

Auction

Minimum Opening Bid
0
Buyer Premium Amount
0

Tenant Pays

Gas
Yes
Water
Yes

Current Use

Commercial
Yes

Possible Use

Commercial
Yes
Recreational
Yes
Retail
Yes
Other
Yes

Building Features

Business District Location
Yes
Commercial Park Location
Yes
Courtyard
Yes
Exterior Lighting
Yes
Patio
Yes
Private Restrooms
Yes
Public Restrooms
Yes
Other
Yes

Rail Availability

None
Yes

Special Licenses

Liquor
Yes
Listing Office: @properties/Christie's Intl RE
Last Updated: February - 24 - 2024
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2024 Triangle MLS, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.