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$ 565,000
Est. payment /mo
Active
1406 Franklin ST Michigan City, IN 46360
10,624 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 10,624 sqft
Price per Sqft $53
MLS Listing ID 820750
Year Built 1900
Annual Tax Amount $3,796
Tax Year 2023
Lot Size 0.310 Acres
Acres 0.31
Lot Dimensions 45x95 , 54x45, 53x50
Property Sub-Type Mixed Use
Property Description
Prime Mixed-Use Investment Opportunity - 1406 Franklin St, Michigan City, INLocated in the heart of Michigan City's growing commercial corridor, 1406 Franklin St features:3 ground-level retail storefronts with excellent street visibility and foot traffic(4) 1-bedroom apartments on the upper level, ideal for short- or long-term rental incomePrivate on-site parking lot with space for up to 15 vehicles - a rare find in this part of townThis is an ideal opportunity for investors or owner-operators looking to be part of Michigan City's revitalization. The building sits in close proximity to the multimillion-dollar Sola development, Grand Central Station, and is just minutes from Lake Michigan, the South Shore Line, Washington Park, and the Uptown Arts District.Zoning allows for a range of retail, service, or office uses on the ground floor, with stable residential income above. Whether you're expanding your portfolio or entering the market, this property checks all the boxes: location, parking, income diversity, and future growth potential. Address: 1406 Franklin St, Michigan City, IN Units: 7 Total (3 Commercial, 4 Residential) Parking: Up to 15 vehicles Investment Potential: Located in a rapidly appreciating area with new development momentum
Location
State IN
County La Porte
Zoning Mixed Use
Interior
Heating Central
Fireplace N
Appliance Water Heater, Refrigerator
Exterior
View Y/N true
View true
Others
Tax ID 460132229001000022
Acceptable Financing NRA20250117024223805436000000
Listing Terms NRA20250117024223805436000000
Listed by VIA Realty