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3940 S Franklin St 5,703 SF Retail Building Michigan City, IN 46360 $799,900 ($140.26/SF)
Executive Summary
This commercial property has 130' of frontage on highly trafficked Franklin Street, just north of Highway 20. Currently set up as a large restaurant, it features a bright entrance foyer and waiting area with seating for 12 and 3 indoor dining rooms plus a 3-season room with ceiling heaters. All dining rooms feature stone gas fireplaces. Three beverage/server stations, a large dish pit room, a 12-seat bar, and substantial kitchen space, along with 2 walk-ins and drive-through window leave potential for many dining options. 3-way liquor license available with acceptable offer. Property also listed for lease; see MLS #826377.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,703 SF
Building Class
C
Year Built
1965
Price
$799,900
Price Per SF
$140.26
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.20 AC
Zoning
C - Commercial
Frontage
130’ on Franklin Street
Amenities
- Pylon Sign
- Air Conditioning
Nearby Major Retailers
Property Taxes
| Parcel Number | 46-05-04-352-001.000-009 | Improvements Assessment | $187,000 |
| Land Assessment | $482,000 | Total Assessment | $669,000 |
Property Taxes
Parcel Number
46-05-04-352-001.000-009
Land Assessment
$482,000
Improvements Assessment
$187,000
Total Assessment
$669,000
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3940 S Franklin St
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