Homes for sale - 1406 Franklin Street, Michigan City, IN 46360

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Joanna Lewkowicz

joanna@boutiquehomerealty.com +1(708) 226-4848

$565,000

Est. payment - /mo

10,624 SqFt

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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

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Listed by VIA Realty

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Joanna Lewkowicz

Designated Managing Broker | Owner | 471.018027 471018027

+1(708) 226-4848 | joanna@boutiquehomerealty.com

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1406 Franklin Street Michigan City, IN 46360

Joanna Lewkowicz

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1406 Franklin Street