1406 Franklin Street new Save Request In-Person Tour Request Virtual Tour
Michigan City,IN 46360
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
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
Rooms
Basement Full,Storage Space
Interior
Heating Central
Cooling Ceiling Fan(s),Central Air
Flooring Carpet,Linoleum
Fireplace No
Appliance Water Heater,Refrigerator
Exterior
Parking Features Gravel,Off Street,Paved,On Street
Utilities Available Cable Connected,Water Connected,Electricity Connected,Sewer Connected,Natural Gas Connected
Roof Type Other
Building
Foundation Brick/Mortar
Structure Type Aluminum Siding,Brick
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional