Motivated seller! Located SE of I 94 at HWY 421 interchange. Great building potential. Newly sided and roofed building. Ripe for south end development opportunities. Value is in the highly visible location with considerable traffic counts. This property is prime for restaurant, hotel, or many other retail establishments. Drive by or make an appointment today!
Prime Opportunity in Michigan City, IN - Live and Work in Style! Welcome to this exceptional property located in the vibrant commercial business district of Michigan City, IN. This unique offering allows you to seamlessly integrate your business and residential needs in one fully updated, versatile space. Room to pull in and out your Semi Tractor Trailers, trucks with excess green space on 1/2 Acre. There is a Remodeled 2-Story 3 Bedroom, 2 Bathroom home complete with 2 Living Rooms, Kitchen, Mudroom, & 1 Car Attached garage. There is also a shed. Convenient location just off US-212/US-12 & I-94. Near the Industrial Parks, Fire Department and Michigan City Municipal Airport. Private Setting that can easily be fenced. Property Sold As Is. Exterior Roof, Gutters and some siding needed. Home will also need a new AC Unit. Dual Purpose: Perfect for entrepreneurs and business owners, this property provides the rare opportunity to run a business and live on-site. Enjoy the convenience and efficiency of combining your work and home life. This property is more than just a place to live; it's a smart investment for your future. Whether you're looking to establish a new business, relocate an existing one, or simply enjoy the convenience of living close to your work, this updated property offers endless possibilities. Priced to Sell, Make your offer today!
Discover the perfect location to expand or launch your business at 415 W US Highway 20. This prime real estate consists of two parcels totaling 2.98 acres and two buildings totaling 4,912 sq ft under roof. Conveniently situated near the Michigan City EDC and the office tower redevelopment project, this property offers incredible potential. Currently home to Music Towing & Auto Center, a successful business operating for over 50 years, this property is ideal for a towing and auto service center. The fenced back area provides additional security and functionality. Don't miss this opportunity to secure a versatile property in a thriving area. Call today to schedule a showing and explore the potential of 415 W US Highway 20!
Seize this prime restaurant opportunity located directly across from the bustling Lighthouse Premium Outlet Mall in Michigan City, Indiana. This exceptional property boasts unparalleled visibility and foot traffic, making it an ideal destination for culinary enthusiasts and seasoned restaurateurs alike. Nestled on a rare 0.47-acre, corner lot in the heart of the thriving Central Business Downtown District and near the picturesque Lake Michigan beachfront, this property offers a coveted position with prominent frontage on a main, historic street. It effortlessly attracts both locals and tourists exploring the vibrant retail scene. Featuring a spacious dining area, well-appointed kitchen facilities, and a charming ambiance, this property is poised to become a culinary hotspot along the coast. Enhance your revenues with a unique, grandfathered-in drive-thru window, enjoy the convenience of dedicated off-street parking for your customers, and benefit from the opportunity to add a special district liquor license. Whether you're launching a new venture or expanding your restaurant empire, this property provides an exceptional chance to capitalize on Michigan City's booming hospitality scene and nearby development. Unlock the full potential of this remarkable space, location, and lot size today!
Pleased to present to qualified investors this 32- Single Family Homes and 3 duplex portfolio scattered throughout the Michigan City, Indiana area. The majority of the units are located on two sides of the city. The investment portfolio consists of units varying from one bedroom to four bedrooms.The portfolio consistently operates at a 95% occupancy. The next investor / operator has potential to add significant instant equity because units have such low current rents.Most of the units were constructed in the 1950' with the exception of a few. The average price of comparable units are at a price point of $115,000-120,000 per unit.This portfolio has strong potential for revenue and growth coupled with the limited supply of housing in the area these factors add tremendous value in terms of both cash flow and home price appreciation for the next Buyer. This rental portfolio is poised to outperform current numbers due, to the fact leases are expiring and rent increases are beginning to occur. This opportunity offers the next Buyer a chance to take advantage of high occupancies and increase rents accordingly.This investment offering is a huge opportunity to build on the currently under- priced units and take advantage of natural rent growth post stabilization, offering the next investor an opportunity to grow rents and take advantage of home price appreciation for several years to come.Current rents are well below market rents, offering the next buyer a significant opportunity to grow revenue, optimize expenses, and drive the NOI margin.
Welcome to your next investment and lifestyle opportunity nestled in the heart of Michigan City, Indiana! This versatile mixed-use commercial property boasts an enviable location just moments away from the bustling new South Shore commuter train station, making it a prime spot for both locals and commuters alike. Imagine the endless possibilities as you step into this dynamic space, perfectly positioned whether you're dreaming of a vibrant cafe where commuters can grab their morning coffee or cater to a diverse array of businesses; a boutique retail space showcasing local artisans, or professional offices for entrepreneurs seeking a central hub, this property offers the ideal canvas to bring your vision to life. But it's not just about business - the upper level boasts a sprawling, 2,000 square foot exquisite residential unit with 3 bedrooms and 1 bath where sunlight streams through the oversized windows, casting a warm glow on the original hardwood floors below. Relax in the spacious living room, spacious for a oversized couch and complimented with a library nook. The gourmet kitchen awaits the culinary enthusiast while entertaining guests in the formal dining room, where intimate gatherings are elevated by the ambiance of days gone by and indulge in fireside chats with a glass of your favorite bourbon. Experience the timeless elegance of a bygone era in this meticulously preserved unit to make your home or generate income with a short-term rental. From the scenic shores of Lake Michigan to the charming boutiques and eateries of downtown Michigan City, there's no shortage of reasons for visitors to explore and discover what your establishment has to offer and your life desires. Seize the opportunity with the possibility of utilizing local improvement grants with the Michigan City Urban Enterprise Zone and the federally designated Opportunity Zone. Capture the moment to be a part of Michigan City's vibrant community and elevate your experiences to new heights!
Welcome to this wonderful investment opportunity! This mixed use, corner lot property is ready for your commercial an residential use. The main floor commercial unit boasts an open floor plan with plenty of natural sunlight, and a private office space. Above the commercial space is a recently remodeled, 1,400 square foot residential apartment with three bedrooms and a beautiful kitchen. This property also features a large detached garage with two sizable bay doors.
Excellent business opportunity in Downtown Arts District. Three storefronts boasting over 21,000 Sq Ft on Street level and above. There are 7 nice apartments above the storefronts. One large storefront potentially available and one apartment will become available upon sale. What a great opportunity to live and have your own business while collecting rents in the buildings you own. Arrange to see this great property and set in motion moving toward your dreams.
BEAUTIFULLY PRESENTED, VIBRANT LOCATION for this prized gem in your investment portfolio. A turnkey, multi-unit commercial property is in the heart of the booming Michigan City's midtown area. This classic building has been brought into modern times completely renovated in 2020 and 2021 from floor to ceiling. Perfectly positioned on a corner of the bustling Franklin Street, poised to capture maximum visibility and foot traffic, ensuring sustained profitability for years to come. You will find intelligent updates throughout; 2-stage variable speed high-efficiency furnaces, 3 phase electric, all LED lighting, closed-cell insulation, Nova basement system, and many more advanced features to finish this impressive property that will leave you worry-free for years to come. Where long-term tenants have already established a solid foundation, providing a steady stream of income from day one. Feel secure with an optometry practice established in1924 and an innovative salon as successful, long-term tenants providing reliability, securing this property's status as an exceptional high return. Join the ranks of visionary investors who recognize this prime location and claim your stake in the future of Michigan City!
Welcome to a unique opportunity to own a piece of Michigan City's history with Chappy's Stadium INN, an iconic bar and beloved establishment rooted in tradition and community. Nestled in the heart of this vibrant city, this mixed-use property offers more than just a place to grab a drink or a bite to eat; it's a cornerstone of the community, steeped in nostalgia and tradition. It encapsulates a heritage of hospitality and charm complete with the cherished business itself and boasting two, beautiful 3-bedroom income-generating residential units adding revenue potential and investment flexibility. From the well-stocked bar to the fully equipped kitchen, all the assets you need to continue this storied establishment is included in the sale that has contributed to its enduring success. Whether it's the bustling atmosphere of the bar or the comforting aroma of homestyle cooking, the Stadium INN holds a special place in the hearts of all who enter. Don't miss your chance to own this legacy and write the next chapter of this celebrated establishment.
Welcome to a fantastic opportunity, with all the updated complete. Nestled in the heart of the business community this 3828 square-foot meticulous maintain building stands as a pillar of transformation. Owners had the interior taken down to the studs and replaced it all. Hosting a new roof and replaced plumbing and electrical systems new furnace, flooring, and Drywall. The AC unit is 3 years old The layout includes a welcoming reception area with a waiting area and a seamless transition into the spacious open versatile area , and functionally designed featuring several office, spaces, restrooms, and dressing areas to accommodate various business needs.Conveniences key with ample of offstreet parking and a dedicated parking parking lot in assessability for both clients and employees. Zone B2 this property offers in less possibilities for entrepreneurs and investors alike.Situated near the lake, Michigan shoreline, a compliment to the convenience to Chicago South Shore train. This location offers the perfect blend of work and leisure. With close proximity to an array of restaurant shops, and recreational amenities, including the beachfront, residence and business alike will find everything they need just minutes away. With an easy access to the highway and the south shore train commute is a breeze, further enhancing the appeal of this prime location. Don't miss your chance to be part of Michigan City's vibrant future - sees the opportunity to live, work, and thrive in this dynamic community.
Flexible mixed use or two unit residential rental! Brimming with potential and great return in an ideal location right on Franklin St. in Michgan City. Off street parking and separate access. Room for your creativity!
FANTASTIC OPPORTUNITY TO OWN THIS ONE OWNER PROPERTY! sitting on almost an acre of land. 2839 square feet of open space awaits your endless possibilities. 12-14-foot ceilings, with 2 10-foot overhead doors. This 1 bathroom building checks all of the boxes for your perfect investment. This beautiful, and very loved building was home to a well-known Custom Cabinet maker for the last 34 years. Phenomenal location, located near the new Hospital, and many other medical buildings as well. Excellent visibility with heavy traffic, and close proximity to the Toll Road, I-94. is right around the corner. Minutes to Lake Michigan, Blue Chip Casino, Zoo, and Prime Outlet Mall. Make an appointment to see this investment. You will not be disappointed!!
Seller financing available for this incredible business opportunity! Looking to relocate your business? Trying to avoid those high Illinois taxes? Or maybe you just need some extra storage space? Well this property has endless opportunities! Nearly 3000 sq ft gutted building w/ vaulted ceilings & a detached 1200 sq ft lofted storage building. Situated right on Michigan Boulevard, down the street from the new upcoming Franklin at 11th Street Train Station & recently built Dunkin Donuts. Zoned B2; mixed use, residential, and much more!
Location, Location,,very accommodating entry/exit off US 12 and Freyer Rd. 2 parcels, with total acreage 2.322..(Great for truck terminal as Buildings 1 and 2 has 4 docs and 3 drive through's combined..Multiple over head doors, steel siding and roofs, studio apt has 1 year old rubber roof, all with unique insides, $3225 a month income now, with apartment to rent, easy at $800 has it's on utilities..so much to see in this 10962 square feet area. Great Boat and RV storage. aprox 4 miles from Lake Michigan, and near by South Shore Rail Road, 3.3 miles from Michigan City Municipal Airport, one hour from Chicago. Traffic count of 5967 vehicles per day. 3609 E Dunes Highway and 210 Freyer Rd Michigan City, In. 46360 addresses Motivated seller See attachment for more information Sold as is condition
CREXI AUCTION JULY 22-24 Amazing opportunity to buy this 21,000 (+/-) sq ft building and parking lot in the Uptown Arts DistCL A. apx 123 X 165. Corner of Franklin & 7th. HealthLinc occupies 85% of the building, they are moving to a new facility 4-1-24. Multiple offices, set up for many uses.Potential to convert to Mixed-Use. Michigan City will give grants up to $15,000 per unit for residential rentals. The parking lot also has development potential. 4 blocks to the south shore train with the express train (60 mins) to downtown Chicago. 20 mins to Michigan. This is the new IT lakefront community you want to be!!This property is blocks from Sola, $240M mixed use development, which includes hotel residences & retail and Station Block, the $93M+ which will include 220 residential units and poised to include retail/commercial units. This will directly impact the area with the estimated increase in value of $50M once complete. Call or Text listing broker for more info....
If you're looking to start a business without the hassle of setting up shop from scratch, you might want to consider something already established! An exciting option for entrepreneurs who want to hit the ground running with a proven business model and existing customer base. With its proximity to the beach communities, visitors and locals alike are drawn to the area. Whatever your plans may be, this location attracts a steady stream of trafficproviding ample opportunities for your business to thrive. Don't miss out on this chance to make your entrepreneurial dreams a reality!
FANTASTIC OPPORTUNITY TO OWN AN AMAZING piece of COMMERCIAL property. This PRIME location is the LAST CORNER AVAILIABLE, It is receiving maximum exposure with over 30,000 vehicles driving by daily. The cleared frontage on both 300 & HWY-421 allows for easy access. The 4.089 acres is immediately off of I94, taking the South 421/Westville exit. Utilities have been placed on the property, along with a well. Zoning is B-3, Property is sitting at the south end of Michigan City. There is a Harley Davidson Shop, and a large Speedway Truck Stop directly across the Highway. There is also a large Chevrolet, Buick, GMC dealership across the street on 300 N. The newly built Franciscan Hospital is just North West of the I 94 exit. AND.....directly across the highway sits the NEW Huge LOVE'S Truck Stop which is still being built! So many opportunities await. CITY WATER IS NOW AVAILABLE AS WELL.BRING YOUR INVESTMENT IDEAS, AND GRAB THIS PRIME LOCATION!!!
Truffle's Pastry Shoppe 32 years of fine quality pasties!For Sale Turn Key w all equipment. ( Not the Name) Bring your baking business here and live in the upper level residence or rent it out.New Train Station less than 2 blocks away. Great opportunity to provide Coffee shop and pastries. Current owner to retire after 30+ years.This space can be utilize for any type of retail and or professional office space w an attached 4 car garage built in 2002. Main floor Bakery features Custom display cases for sales of product. Kitchen features walk in cooler & freezer (freezer needs work), large Middleby Marshall Baking Oven, prep tables sinks and more. Upper-level apartment feature Hardwood floors throughout, Custom Kitchen 14'x14', Dining room 10'x14', Master Bedroom 14'x14' w master bath, Jacuzzi Tub and His & Her sinks. Second bedroom 11'x15', Second Bath , Den - Piano room or 3rd bedroom 10x12.Lower level for storage of all sorts.New Roof Garage and new paint apartment & more.
Excellent location for a large office user or potential income property. 2 story 10,144 SF office building located on Hwy 20 less than 10 minutes from downtown Michigan City. Building is separately metered and could easily be divided and leased to separate tenants. There are 20 private offices, 3 conference rooms, 4 private restrooms, a break room with kitchen, server room, and multiple storage rooms. The building sits on 4.27 acres and currently has 33 parking spaces. 2021 pay 2022 taxes $6,168.44. Call to schedule your showing today.
Unique opportunity to acquire a turnkey single family investment home collection in the energized Lake Michigan community of Michigan City, Indiana. Currently going through transformative redevelopment projects related to the shoreline and the South Shore double tracking project, Michigan City is seeing great interest and investment, to the tune of hundreds of millions in new projects. This downtown housing collection offers an investor a turnkey opportunity to get a 9.1 CAP on the investment. Currently consists of 16 homes ready for your ownership. Tenants pay all utilities. Laundry machines are not included in the sale, but most kitchen appliances are. Out of respect to our seller and tenants, only qualified buyers with POF and signed NDA may receive list of properties and property rent roll.
Rare contiguous three lots on ideally situated corner with excellent visibility directly across from Lighthouse Place Premium Outlet mall, and within the historic Uptown Arts District and CBD of Michigan City. Current business (seasonal retail garden center, available separately) shows strong traffic and repeat customers. Existing building has approx 1705sf, with walk-in cooler, kitchen prep area, concrete floors and two roll-up garage doors to open plan, high-ceiling interior, that would make a dramatic dining area. New owner can purchase existing business and expand, or maximize the character of the site for outstanding restaurant location with excellent indoor/outdoor patio potential, or develop the lot to its full potential. Now that South Shore rail double-track project has been fully approved, this is an ideal investment site. Business and real estate available - #507190.
Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176
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Michigan City is located in Indiana. Michigan City, Indiana has a population of 31,352. Michigan City is less family-centric than the surrounding county with 21.81% of the households containing married families with children. The county average for households married with children is 26.06%.
The median household income in Michigan City, Indiana is $38,631. The median household income for the surrounding county is $49,921 compared to the national median of $57,652. The median age of people living in Michigan City is 37.1 years.
The average high temperature in July is 82.3 degrees, with an average low temperature in January of 17.8 degrees. The average rainfall is approximately 39.9 inches per year, with 61.5 inches of snow per year.
