517 E Barker Ave Michigan City, IN 46360
Estimated payment $1,996/month
Total Views
15,652
--
Bed
--
Bath
2,600
Sq Ft
$121
Price per Sq Ft
Highlights
- 6 Car Attached Garage
- Tile Flooring
- Forced Air Heating and Cooling System
About This Home
Great opportunity to own a turnkey bar/restaurant and well maintained apartment! This fully outfitted bar and restaurant is currently operated by a much beloved local business and has everything you need including a new refrigeration system as of 2021, new AC unit in the upstairs apartment, and the west wall was fully tuck pointed in 2024. The building is situated on a great corner lot with its own parking lot in a high traffic area. The open concept and ample square footage allows for it to be converted to virtually any type of business. The bright, open concept 3 bedroom 1 bathroom apartment upstairs also has long term, reliable tenants for additional income or you can work downstairs and live above. The price includes a 2-way liquor license, and almost all kitchen/bar equipment and inventory. This is a great package in an ever growing city!Tuck pointing done on west wall in 2024New AC unit installed in the upstairs apartment in 2024New multi-unit refrigeration installed in restaurant in 2021
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $3,083
Year Built
- Built in 1930
Interior Spaces
- 2,600 Sq Ft Home
- 2-Story Property
- Basement
Flooring
- Carpet
- Linoleum
- Tile
Laundry
- Dryer
- Washer
Parking
- 6 Car Attached Garage
- Off-Street Parking
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
Community Details
- 2 Units
- Culver Add Subdivision
Listing and Financial Details
- Assessor Parcel Number 460133160036000022
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,227 | $118,500 | $25,800 | $92,700 |
| 2022 | $3,155 | $121,300 | $25,800 | $95,500 |
| 2021 | $3,323 | $127,900 | $25,800 | $102,100 |
| 2020 | $3,323 | $127,900 | $25,800 | $102,100 |
| 2019 | $2,783 | $124,500 | $22,400 | $102,100 |
| 2018 | $2,503 | $114,500 | $22,400 | $92,100 |
| 2017 | $3,345 | $113,900 | $22,400 | $91,500 |
| 2016 | $2,401 | $113,700 | $20,700 | $93,000 |
| 2014 | $2,283 | $76,100 | $24,900 | $51,200 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/25/2025 06/25/25 | Price Changed | $315,000 | -6.0% | $121 / Sq Ft |
| 05/13/2025 05/13/25 | Price Changed | $335,000 | -2.9% | $129 / Sq Ft |
| 04/09/2025 04/09/25 | Price Changed | $345,000 | -1.4% | $133 / Sq Ft |
| 02/12/2025 02/12/25 | For Sale | $350,000 | -- | $135 / Sq Ft |
Source: Northwest Indiana Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | Ticor Title Insurance Co |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $132,000 | Commercial |
Source: Public Records
Similar Homes in Michigan City, IN
Source: Northwest Indiana Association of REALTORS®
MLS Number: 816803
APN: 46-01-33-160-036.000-022
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