110 9Th StMichigan City, IN 46360

Property Details for 110 9Th St

Year built

1900

Construction

TYPE NOT SPECIFIED

Lot size

0.11 AC

Property size (Sq ft)

12,271 SF

Property type

Turn key restaurants

APN

46-01-29-458-013.000-022

APU

460129458013000022

Description

This exceptional 3,200 square foot commercial property, located at 110 W 9th Street in Michigan City, Indiana's vibrant Uptown Arts District, presents a unique investment opportunity. Currently configured as an event space, this single-tenant property boasts a spacious open floor plan ideal for a variety of uses. Features include a built-in stage, DJ booth, and two restrooms. Existing stereo equipment is included, although a prospective tenant is responsible for verifying its functionality. The property's C1 zoning allows for diverse possibilities, including upscale event venues, dance studios, yoga/pilates studios, or fitness centers. Situated on the second floor, this location offers convenient access to the South Shore Train, providing a direct route to Chicago in approximately 60 minutes. The property benefits from its proximity to significant developments, including the $93 million-plus Station Block mixed-use project featuring over 200 residential units and commercial retail space, and the $230 million Sola residence hotel development. This prime location within a rapidly growing lakefront community offers exceptional potential for future appreciation. The property's APN is 46-01-29-412-001.000-022, 46-01-29-412-002.000-022, and is located in La Porte County, zip code 46360.

• CAP approach

  CAP return

  Valuation

  6%

  $5,797,018

  6.5%

  $5,351,094

  7%

  $4,968,872

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,027,710

  Geo Method

  $4,027,710

• Alternative Use

  Use

  Valuation

  Residential

  $4,513,848

  Hospitality

  $4,134,660

  Educational

  $3,439,989

  Medical

  $3,558,295

  Retail

  $5,351,094

Location Insight

City

Michigan City

County

Laporte

State

Indiana

Latitude

41.7125

Longitude

-86.9002

CBSA code

33140

CBSA name

MICHIGAN CITY-LA PORTE, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

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.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].