5820 South Franklin Street
Michigan City, IN
Hotel for Sale - $2,500,000 - 96,870 Sq. Ft. on 5.45 acres
Property Info
| CIMLS# | 746669 |
| Location 5820 South Franklin Street Michigan City IN 46360 | |
| Updated | April 20th, 2016 |
| Type | Hotel |
| Price | $2,500,000 |
| Building | 96,870 Sq. Ft. |
| Land | 5.45 acres |
Property Description
Sale of a Clarion Inn & Suites in Michigan City, Indiana off of the I-94 expressway plus restaurant. Includes an additional adjacent 1.16 acres of land with frontage. Hotel website http://www.clarionhotel.com/hotel-michigan_city-indiana-IN323; Restaurant website - http://www.crawfordspub.com
Location Description:
Michigan City is located on the southern shore of Lake Michigan. The property is on the east side of Franklin Street (U.S. 421) and the north side of C.R. 400 North in the southwesterly portion of Michigan City, LaPorte County, Indiana. The location is about 1/2 mile northof the U.S. 421 interchange with I-94 and has intensive commercial development. Recently opened shopping area including Kohl's, TJ Maxx, Pet Smart, Panera Bread in addition to Wal-Mart, Lowes, Menards, Marquette Mall and Lighthouse Outlet Mall with 120 stores. Near Blue Chip Casino.
Highlights:
>> 117 Room Hotel in Great Location With 1.16 Acres of Excess Land
>> Easy Access Off Major Chicago/Detroit Freeway I-94 & Near I-80 .
>> Restaurant Seating 242
>> 9 Banquet Areas with Seating to 300
>> 12 Suites, Pool and Many Amenities
* Email for additional photos
Financials
Sales Info:
>> Commision split: 5.0%