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3940 S Franklin St 5,703 SF Retail Building Michigan City, IN 46360 $1,116,596 CAD ($195.79 CAD/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
$1,116,596 CAD
Price Per SF
$195.79 CAD
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
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 46-05-04-352-001.000-009 | Improvements Assessment | $252,934 CAD |
| Land Assessment | $673,932 CAD | Total Assessment | $926,867 CAD |
PROPERTY TAXES
Parcel Number
46-05-04-352-001.000-009
Land Assessment
$673,932 CAD
Improvements Assessment
$252,934 CAD
Total Assessment
$926,867 CAD
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3940 S Franklin St
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