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710 Franklin Street Michigan City, IN $ 1,600,000
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$ 1,600,000 Get more info
710 Franklin Street
$ 1,600,000
Back to search
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710 Franklin Street

Michigan City, IN, 46360
$ 1,600,000
Bedrooms-- Baths-- Sq 21,730

Monthly Estimate*

$ 9,982

710 Franklin Street, Michigan City, IN 46360 - Image 1
710 Franklin Street, Michigan City, IN 46360 - Image 2

Commercial Property for sale in Michigan City, IN

for $1,600,000. This 21,730 square foot building was built in 1914 on a lot size of 0.46.

Highly desirable property with options. Currently, this building is also being offered for Lease. The highest and best use would be offices for mid to large offices/ businesses. Average price $12.00 per sq ft annually. This property would be ripe for conversion into apartments/lofts on the second floor, commercial retail on the first floor, and developing of the parking lot. This area is best suited for Mixed-use. See attached survey. This building is 4 blocks to the train with the new double track, express train to Chicago and all the new residential and commercial development that is currently on the way. Michigan City is set to be the next "it spot" and is only 1 hr. from Chicago and 20 mins to Michigan. 1.2 miles from Lake Michigan. This Lakefront community is poised to be the place to be. The building has 600AMP service and is located in a TIF and opportunity zone. Facade grants are available. Future restaurant owners or tenants can also obtain a 3-way liquor license. Don't miss this opportunity.

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Commercial Active

Price

$ 1,600,000

Property Type

Commercial

Taxes

$ 10,190

Style

Retail

Lot Size

0.46

Year Built

1914

Town/City

Michigan City

County/Region

La Porte

MLS | Web ID

814372
Features
Interior
Interior Amenities Storage
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General
Sewer Public Sewer
Heating Forced Air
Utilities Cable Available Water Available Sewer Available Phone Available Natural Gas Available Electricity Available
Year Built 1914
Electric Other
View Downtown Trees/Woods
Township Michigan
Property Subtype Retail
Tax Year 2023
Community Features Curbs Street Lights Sidewalks
County La Porte
Property Type Commercial Sale
Subdivision Name Lytles Sub
Building Features Public Restrooms Mixed Use
Status Active
Directions From Rt 12 head Southeast on Washington. Make a left on 7th St property will be on your right.
City Michigan City
Lot Size Square Feet 20037.6
Listing Terms Cash Conventional
Tax Annual Amount 10190
Standard Status Active
Legal Description 42-01-29-412-002 E O S N 1/2 LT 3 BLK 32. TIF ASSMT #51
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Exterior
Exterior Amenities Lighting
Fencing None
Parking Features Off Street Paved Parking Lot Additional Parking
Lot Features Corner Lot Views Near Public Transit
Water Source Public
Total Parking 28
Lot Dimensions 61FTx167FT
Lot Size Acres 0.46
Lot Size Source Assessor
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* Excluded Features
List By
Michael Becze

Listing Agent

Mccolly Real Estate

Broker

mikebecze@mccolly.com

Email

Affordability Calculator

$10,831
Per Month
92%
8%
0%
Monthly Principal & Interest
$9,982
Monthly Property Taxes
$849
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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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Nearby
1261196 Elementary School
1261197 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
12/30/2024$1,600,000 Listed Price

Map

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710 Franklin Street, Michigan City, IN, 46360 is a Commercial Property for sale at $1,600,000 with 21,730 sqft and a lot size of 0.46. 710 Franklin Street was built in 1914. The property's zip code is 46360 which is in Michigan City, IN

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