2701-03 Franklin Street Michigan City, IN $ 675,000
2701-03 Franklin Street
$ 675,000
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2701-03 Franklin Street

Michigan City, IN, 46360
$ 675,000
Baths0.0 Sq 4,157

Monthly Estimate*

$ 4,715

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Studio

Commercial Property for sale in Michigan City, IN

for $675,000. This 4,157 square foot building was built in 1925 on a lot size of 0.1575.

BEAUTIFULLY PRESENTED, VIBRANT LOCATION for this prized gem in your investment portfolio. A turnkey, multi-unit commercial property is in the heart of the booming Michigan City's midtown area. This classic building has been brought into modern times completely renovated in 2020 and 2021 from floor to ceiling. Perfectly positioned on a corner of the bustling Franklin Street, poised to capture maximum visibility and foot traffic, ensuring sustained profitability for years to come. You will find intelligent updates throughout; 2-stage variable speed high-efficiency furnaces, 3 phase electric, all LED lighting, closed-cell insulation, Nova basement system, and many more advanced features to finish this impressive property that will leave you worry-free for years to come. Where long-term tenants have already established a solid foundation, providing a steady stream of income from day one. Feel secure with an optometry practice established in1924 and an innovative salon as successful, long-term tenants providing reliability, securing this property's status as an exceptional high return. Join the ranks of visionary investors who recognize this prime location and claim your stake in the future of Michigan City!

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Commercial Active

Price

$ 675,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 3,628

Style

Retail

Lot Size

0.1575

Year Built

1925

Town/City

Michigan City

County/Region

La Porte

MLS | Web ID

801112

Features
General
Interior Features High Ceilings Recessed Lighting Storage
Sewer Public Sewer
Heating Natural Gas
Utilities Cable Available Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Appliances Water Heater
Exterior Features Storage Uncovered Courtyard
Security Features Fire Alarm Security System Smoke Detector(s) Varies By Unit
Year Built 1925
Electric 200+ Amp Service Three Phase Separate Meters
Township Michigan
Property SubType Retail
Tax Year 2023
Community Features Sidewalks
County La Porte
Insurance Expense 1282
Property Type Commercial Sale
Building Features Acoustical Ceiling(s) Exterior Lighting Suspended Ceiling(s)
Status Active
Directions From Coolspring Ave North on Franklin st. and on the Southwest corner of Harrison St. and Franklin St.
City Michigan City
Zoning Description Commercial
Lot Size Square Feet 6860.7
Street Name Franklin
Property Attached Y/N N
Tax Annual Amount 3628.2
Current Financing Cash Conventional
Standard Status Active
Legal Description 42-01-32-436-008 J R & A E DEWOLFE 2ND LT 1 BLK 5.
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Exterior
Fencing None
Parking Features Additional Parking Concrete On Street Open Parking Pad Unpaved
Lot Features Corner Lot
Water Source Public
Total Parking 25
Lot Dimensions 52x132
Lot Size Acres 0.1575
Lot Size Source Assessor
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Interior
Street Suffix Street
Laundry Features None
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* Excluded Features
List By
Giorgios Karayannis

Listing Agent

@Properties/Christie's Intl Re

Broker

giorgios@atproperties.com

Email

Affordability Calculator

$5,017
Per Month
94%
6%
0%
Monthly Principal & Interest
$4,715
Monthly Property Taxes
$302
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1261196 Elementary School
1261197 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/21/2024$675,000 Listed Price

Map


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2701-03 Franklin Street, Michigan City, IN, 46360 is a Commercial Property for sale at $675,000 with 4,157 sqft and a lot size of 0.1575. 2701-03 Franklin Street is a studio with 0.0 baths and was built in 1925. The property's zip code is 46360 which is in Michigan City, IN