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332-402 W. US Hwy 20 2 Properties Offered at $2,250,000 in Michigan City, IN
INVESTMENT HIGHLIGHTS
- Excellent location & a few minutes from busy Franklin Street in Michigan City with a traffic count of over 19,000 vehicles daily
- Limited competition
- Zoned B-2 General Commercial District which allows uses such as restaurant, retail, and hotel
- Ample parking - 45,700 SF of paved parking
EXECUTIVE SUMMARY
NAI Cressy is pleased to have the exclusive listing of a portfolio of two properties. The first is 332 W. US Hwy. 20 in Michigan City. This industrial building is 38,190 SF and sits on more than 2 acres in growing Michigan City. It has overhead doors servicing the building, municipal water and sewer, as well as a value-added annual income from the billboard on premises. The site is adjacent to Dunes Plaza Shopping Mall with long-standing tenants such as Pet Smart, TJ Maxx, Dollar General, Ross, and Five Below.
The second property in the portfolio is adjacent 402 W. US Hwy. 20, a restaurant that sits on 2.3 acres. The Sugar Bowl Restaurant is approximately 4,000 SF and sits on 2.3 acres in growing Michigan City. With pristine beaches and close to the Indiana Dunes and the south shore of Lake Michigan, Michigan City has it all. The restaurant has a vast history, establishing loyal customers. It can seat 100 customers, has a reception counter, private dining area for conferences or small parties, full kitchen, storage room, and restrooms. The owner is willing to sell the business and a two-way liquor license.
The properties can be sold separately or together.
The second property in the portfolio is adjacent 402 W. US Hwy. 20, a restaurant that sits on 2.3 acres. The Sugar Bowl Restaurant is approximately 4,000 SF and sits on 2.3 acres in growing Michigan City. With pristine beaches and close to the Indiana Dunes and the south shore of Lake Michigan, Michigan City has it all. The restaurant has a vast history, establishing loyal customers. It can seat 100 customers, has a reception counter, private dining area for conferences or small parties, full kitchen, storage room, and restrooms. The owner is willing to sell the business and a two-way liquor license.
The properties can be sold separately or together.
PROPERTY FACTS
| Price | $2,250,000 | Number of Properties | 2 |
| Price / SF | $53.39 / SF | Individually For Sale | 1 |
| Sale Type | Investment or Owner User | Total Building Size | 42,145 SF |
| Status | Active | Total Land Area | 3.36 AC |
| Price | $2,250,000 |
| Price / SF | $53.39 / SF |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 1 |
| Total Building Size | 42,145 SF |
| Total Land Area | 3.36 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 332 W Us-20, Michigan City, IN 46360 | Industrial | 38,190 SF | 1965 | $1,125,000 |
|
Dino's
402 W Us-20, Michigan City, IN 46360 |
Retail | 3,955 SF | 1994 | - |
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332-402 W. US Hwy 20
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