2148 Karwick RdMichigan City, IN 46360

For Sale
$3,825,000
Profitable Restaurant & Office Complex

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity encompasses a thriving 15,908-square-foot commercial property situated on a 3.25-acre lot in the desirable Long Beach, Indiana area. The property is comprised of two distinct components: a highly successful Hacienda Mexican restaurant, occupying 8,036 square feet, and a 7,872-square-foot office building housing five individual tenants, each with private access and a history of long-term occupancy. Both the restaurant and office building are currently fully leased under net lease agreements, providing a stable and predictable income stream. The restaurant's lease extends to 2033, ensuring long-term financial security. The property boasts ample surface parking, catering to both restaurant patrons and office tenants. Its prime location on N. Karwick Rd, just off busy SR 12, places it within a bustling tourist area and minutes from downtown Michigan City, ensuring high visibility and accessibility. The property is zoned Commercial and offers a compelling combination of established businesses and a strong potential for future growth within a vibrant Lake Michigan community. The asking price for this turnkey investment is $3,825,000.

Highlights

  • Long Beach, IN Hacienda Mexican Restaurant with 8,036 SF.
  • Five-tenant office building (7,872 SF) with long-term leases.
  • Total 15,908 SF building on a 3.25-acre lot.
  • Both restaurant and office building are fully leased under net leases.
  • Hacienda Restaurant lease expires in 2033.
  • Commercially zoned property.

Property Details for 2148 Karwick Rd

Property type
Retail properties, Restaurants
Square Feet
15,908 SF
Lot Size (sq. ft)
141,570 SF

Location Insight

City
Michigan City
County
LaPorte
State
Indiana
Latitude
41.7391374
Longitude
-86.8544205
2148 Karwick Rd, Michigan City, Indiana

FAQs

What type of property is this?
Retail property - Profitable Restaurant & Office Complex
Where is the retail property located?
The property is located at 2148 Karwick Rd Michigan City, IN.
What is the asking price?
The asking price for this property is $3,825,000.
What are key features of this property?
This property features: Long Beach, IN Hacienda Mexican Restaurant with 8,036 SF.; Five-tenant office building (7,872 SF) with long-term leases.; Total 15,908 SF building on a 3.25-acre lot.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2148 Karwick Rd
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