2323-2325 Wabash Street, Michigan City, IN 46360 (MLS# 829825)

2323-2325 Wabash Street, Michigan City, IN 46360

$649,000

Property Type: Commercial Sale Square Footage: 9,381 Lot Size (sq. ft.): 4,792 Status: Active

Current Price: $649,000 List Date: 10/24/2025 Last Modified: 10/28/2025

Overview

Description

Be a part of Michigan City History. The Stadium Inn is one of the oldest and respected establishments in Michigan City. Restaurant and Bar with 2 leased apartments upstairs. Walk-in cooler, freezer, coolers in the bar area, True Refrigerator in kitchen as well as stove, oven, hood, and deep fryer. Roof is 2 to 5 years old. There are 3 new water heaters for building. Bar features 3 way liquor license, out door patio, all POS equipment included, incremental income on 3rd party juke box, pool table, dart machines, cash station. Pull tab sales also. Owner currently occupies 1 upstairs unit. Large parking lot behind building. Call today for a showing.

Listing Details MLS# 829825

General Property Information

Number Of Units Total: 3
Living Area: 9381
Building Area Source: Assessor
Year Built: 1925
Parking Total: 50
Lot Size Acres: 0.11
Lot Size Square Feet: 4791.6
Lot Size Source: Assessor
Waterfront YN: No
Basement YN: Yes
Stories: 2

Property Features

Appliances: Dishwasher; Dryer; Freezer; Gas Range; Gas Water Heater; Microwave; Range Hood; Refrigerator; Stainless Steel Appliance(s); Washer; Water Heater Basement: Storage Space; Unfinished Building Features: Courtyard; Multi Tenant; Patio; Private Restrooms Business Type: Bar/Tavern/Lounge Construction Materials: Brick; Stone; Vinyl Siding Cooling: Ceiling Fan(s); Central Air Current Use: Retail Electric: 200+ Amp Service Exterior Features: Private Yard Flooring: Carpet; Concrete; Hardwood; Laminate; Tile; Vinyl Heating: Forced Air; Natural Gas Laundry Features: Upper Level Listing Terms: Cash; Conventional; Owner Assisted Lock Box Information: Combo Lot Features: Corner Lot; Few Trees; Near Public Transit; Private Owner Pays: All Utilities; Common Area Maintenance; HVAC Maintenance; Insurance; Management; Roof Maintenance; Snow Removal; Taxes; Trash Collection Parking Features: Additional Parking; Attached; Garage Door Opener; Garage Faces Rear; Gravel; Off Street; On Street; Paved Possession: Close Of Escrow Possible Use: Commercial; Investment; Office; Place of Worship; Retail Rail Availability: None Roof: Composition; Shingle Security Features: Carbon Monoxide Detector(s); Smoke Detector(s) Sewer: Public Sewer Special Licenses: Gambling; Liquor Special Listing Conditions: None Tenant Pays: None Utilities: Cable Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Water Source: Public

Contract Information

Auction YN: No
Original List Price: 649000
Property Sub Type: Mixed Use
Listing Agreement: Exclusive Right To Sell
Seller to consider offering concessions: Yes
Occupant Type: Owner

Location Tax and Legal

Street Number: 2323-2325
Street Name: Wabash
Street Suffix: Street
County: La Porte
State: IN
Postal Code: 46360

Remarks and Miscellaneous

Public Remarks: Be a part of Michigan City History. The Stadium Inn is one of the oldest and respected establishments in Michigan City. Restaurant and Bar with 2 leased apartments upstairs. Walk-in cooler, freezer, coolers in the bar area, True Refrigerator in kitchen as well as stove, oven, hood, and deep fryer. Roof is 2 to 5 years old. There are 3 new water heaters for building. Bar features 3 way liquor license, out door patio, all POS equipment included, incremental income on 3rd party juke box, pool table, dart machines, cash station. Pull tab sales also. Owner currently occupies 1 upstairs unit. Large parking lot behind building. Call today for a showing.

Status Change Information

Major Change Timestamp: 2025-10-24T18:02:42Z
Major Change Type: New Listing
Status Change Timestamp: 2025-10-24

More Information

Building Features

Number of Offices: Yes
Overhead Doors: Yes
Courtyard: Yes
Multi Tenant: Yes
Patio: Yes
Private Restrooms: Yes

Exemption Information

Exemption YN: No

Income and Expenses

Electric Expense: 3000
Total Actual Rent: 750

Showing Requirements

Showing Instructions: Use ShowingTime or call Listing Agents. 24-48 Hour Notice required for showings.

Location, Tax, and Legal

Tax Annual Amount: 4638
Tax Year: 2024
Tax Legal Description: 42-01-32-428-007 G & W LT 12 BLK 2.
Parcel Number: 460132428007000022
Additional Parcels YN: Yes
Additional Parcels Description: 46429900508126
Township: Michigan
Directions: US-20 E, turn left onto Ohio St., turn right onto W. Arthur St., turn left onto Wabash St., destination is on the left.

Appliances

Dishwasher: Yes
Dryer: Yes
Freezer: Yes
Gas Range: Yes
Gas Water Heater: Yes
Microwave: Yes
Range Hood: Yes
Refrigerator: Yes
Stainless Steel Appliance(s): Yes
Washer: Yes
Water Heater: Yes

Basement

Storage Space: Yes
Unfinished: Yes

Construction Materials

Brick: Yes
Stone: Yes
Vinyl Siding: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes

Electric

200+ Amp Service: Yes

Exterior Features

Private Yard: Yes

Flooring

Carpet: Yes
Concrete: Yes
Hardwood: Yes
Laminate: Yes
Tile: Yes
Vinyl: Yes

Heating

Forced Air: Yes
Natural Gas: Yes

Laundry Features

Upper Level: Yes

Listing Terms

Cash: Yes
Conventional: Yes
Owner Assisted: Yes

Lock Box Information

Combo: Yes

Lot Features

Corner Lot: Yes
Few Trees: Yes
Near Public Transit: Yes
Private: Yes

Parking Features

Additional Parking: Yes
Attached: Yes
Garage Door Opener: Yes
Garage Faces Rear: Yes
Gravel: Yes
Off Street: Yes
On Street: Yes
Paved: Yes

Possession

Close Of Escrow: Yes

Roof

Composition: Yes
Shingle: Yes

Security Features

Carbon Monoxide Detector(s): Yes
Smoke Detector(s): Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

None: Yes

Utilities

Cable Connected: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

View

City: Yes

Water Source

Public: Yes

Owner Pays

All Utilities: Yes
Common Area Maintenance: Yes
HVAC Maintenance: Yes
Insurance: Yes
Management: Yes
Roof Maintenance: Yes
Snow Removal: Yes
Taxes: Yes
Trash Collection: Yes

Tenant Pays

None: Yes

Current Use

Retail: Yes

Possible Use

Commercial: Yes
Investment: Yes
Office: Yes
Place of Worship: Yes
Retail: Yes

Business Type

Bar/Tavern/Lounge: Yes

Rail Availability

None: Yes

Special Licenses

Gambling: Yes
Liquor: Yes

Listing Office: Century 21 Alliance Group

Last Updated: October - 28 - 2025

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