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

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.

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
Waterfront YN
Yes
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

Exemption Information

Exemption YN
N

Frontage Type

Frontage Length
210

Income and Expenses

Expense Year
2015
New Taxes Expense
44145

Showing Requirements

Showing Instructions
Call LO for appointment and LA must be present please 24 hr.

Historical Information

Public Historical Remarks
Zoning: COMM, Utilities: On, Electrical Service: Substation, Roof Structure: Gable
Listing Office: Century 21 Circle
Last Updated: June - 19 - 2024
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