4461 S Franklin Street, Michigan City, IN 46360
$945,000
Property Type:
Commercial Sale
Square Footage:
10,965
Lot Size (sq. ft.):
84,872
Status:
Closed
Current Price:
$945,000
List Date:
6/28/2016
Last Modified:
6/19/2024
Overview
Description
Listing Details MLS# 397105
General Property Information
- Living Area
- 10965
- Building Area Source
- Builder
- Year Built
- 2003
- Lot Size Acres
- 1.9484
- Lot Size Square Feet
- 84872
- Lot Size Dimensions
- 0 x 0
- Water Body Name
- Lake Michigan
- Stories
- Yes
Property Features
Building Features:
Acoustical Ceiling(s); Business District Location; Exterior Lighting; Open Dock(s); Plastered Ceiling(s); Private Restrooms; Public Restrooms; Suspended Ceiling(s); Other
Construction Materials:
Block; Frame; Stone
Cooling:
Central Air; Exhaust Fan
Current Use:
Commercial
Electric:
200+ Amp Service; Circuit Breakers
Flooring:
Carpet; Concrete
Foundation Details:
Concrete Perimeter
Heating:
Central; Forced Air; Natural Gas; Other
Interior Features:
Elevator
Listing Terms:
Cash; Conventional; Lease Purchase
Parking Features:
Common; Lighted; Private
Possible Use:
Commercial; Medical/Dental; Place of Worship; Recreational; Other
Rail Availability:
None
Road Frontage Type:
City Street; Easement; Highway
Roof:
Aluminum; Composition
Security Features:
Fire Alarm; Fire Sprinkler System
Tenant Pays:
Gas; Water
Utilities:
Detention Pond; Electricity Available; Electricity Connected; Natural Gas Available; Natural Gas Connected; Sewer Connected
Water Source:
Public
Showing Requirements:
24 Hour Notice; Listing Agent Must Accompany
Contract Information
- Auction YN
- No
- Original List Price
- 1100000
- Property Sub Type
- Retail
- Property Attached YN
- No
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Vacant
Location Tax and Legal
- Street Number
- 4461
- Street Direction Prefix
- S
- Street Name
- Franklin
- Street Suffix
- Street
- County
- La Porte
- State
- IN
- Postal Code
- 46360
- Subdivision Name
- Towne Center West SD
Remarks and Miscellaneous
- Public Remarks
- For Sale or Lease! High traffic volume restaurant site just of I-94 on Highway 421 in Michigan City, Indiana. Approximately 24,000 cars per day pass this 10,965 square foot building on 1.94 acres of land less than .5 of a mile from the I-94/Highway 421 exit to Michigan City, Indiana. The site seats approximately 400 guest and has an extensive kitchen area for food preparation with grill area for client observation plus multiply steam table serving stations. There is also a separate dessert preparation and serving area in the main dining area. There are multiple walk-in coolers and freezers plus numerous other pieces of kitchen equipment remaining. This site sits among other major big box stores, national restaurant chains and 6 major hotel/motel operations. In addition, a Purdue University Extension is just down the road. People are passing this location on their way to outlett mall shopping center, beaches, and casino.
Status Change Information
- Major Change Timestamp
- 2017-06-26T12:27:01Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2017-06-26
- Offer Acceptance Date
- 2017-05-18
- Close Date
- 2017-06-26
- Close Price
- 945000
- Buyer Financing
- Cash
More Information
Building Features
- Clear Ceiling Height
- 10
- Acoustical Ceiling(s)
- Yes
- Business District Location
- Yes
- Exterior Lighting
- Yes
- Open Dock(s)
- Yes
- Plastered Ceiling(s)
- Yes
- Private Restrooms
- Yes
- Public Restrooms
- Yes
- Suspended Ceiling(s)
- Yes
- Other
- Yes
Exemption Information
- Exemption YN
- N
Frontage Type
- Frontage Length
- 210
Income and Expenses
- Expense Year
- 2015
- New Taxes Expense
- 44145
- 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
- Call LO for appointment and LA must be present please 24 hr.
- 24 Hour Notice
- Yes
- Listing Agent Must Accompany
- Yes
Historical Information
- Public Historical Remarks
- Zoning: COMM, Utilities: On, Electrical Service: Substation, Roof Structure: Gable
Location, Tax, and Legal
- Postal Code +4
- 7396
- Tax Legal Description
- Legal Description: TOWNE CENTER WEST SD LT 2
- Parcel Number
- 460508429009000009
- Zoning Description
- Commercial
- Township
- Coolspring
- Directions
- I94 North to Exit Hwy.421 South to site on Left.
- Cross Street
- Westwind Dr.
Construction Materials
- Block
- Yes
- Frame
- Yes
- Stone
- Yes
Cooling
- Central Air
- Yes
- Exhaust Fan
- Yes
Electric
- 200+ Amp Service
- Yes
- Circuit Breakers
- Yes
Flooring
- Carpet
- Yes
- Concrete
- Yes
Foundation Details
- Concrete Perimeter
- Yes
Heating
- Central
- Yes
- Forced Air
- Yes
- Natural Gas
- Yes
- Other
- Yes
Interior Features
- Elevator
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
- Lease Purchase
- Yes
Parking Features
- Common
- Yes
- Lighted
- Yes
- Private
- Yes
Road Frontage Type
- City Street
- Yes
- Easement
- Yes
- Highway
- Yes
Roof
- Aluminum
- Yes
- Composition
- Yes
Security Features
- Fire Alarm
- Yes
- Fire Sprinkler System
- Yes
Utilities
- Detention Pond
- Yes
- Electricity Available
- Yes
- Electricity Connected
- Yes
- Natural Gas Available
- Yes
- Natural Gas Connected
- Yes
- Sewer 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
- Medical/Dental
- Yes
- Place of Worship
- Yes
- Recreational
- Yes
- Other
- Yes
Rail Availability
- None
- Yes
Listing Office:
Century 21 Circle
Last Updated: June - 19 - 2024
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