3940 Franklin Street Michigan City, IN ^$ 799,900

3940 Franklin Street

^$ 799,900

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3940 Franklin Street

Michigan City, IN, 46360

^$ 799,900

Bedrooms-- Baths-- Sq 5,726

Monthly Estimate*

^$ 4,990

3940 Franklin Street, Michigan City, IN 46360 - Image 1

3940 Franklin Street, Michigan City, IN 46360 - Image 2

3940 Franklin Street, Michigan City, IN 46360 - Image 3

3940 Franklin Street, Michigan City, IN 46360 - Image 4

3940 Franklin Street, Michigan City, IN 46360 - Image 5

3940 Franklin Street, Michigan City, IN 46360 - Image 6

3940 Franklin Street, Michigan City, IN 46360 - Image 7

3940 Franklin Street, Michigan City, IN 46360 - Image 8

3940 Franklin Street, Michigan City, IN 46360 - Image 9

3940 Franklin Street, Michigan City, IN 46360 - Image 10

Commercial Property for sale in Michigan City, IN

for $799,900. This 5,726 square foot building was built in 1965 on a lot size of 1.52.

This commercial property has 130' of frontage on highly trafficked Franklin Street, just north of Highway 20. Currently set up as a large restaurant, it features a bright entrance foyer and waiting area with seating for 12 and 3 indoor dining rooms plus a 3-season room with ceiling heaters. All dining rooms feature stone gas fireplaces. Three beverage/server stations, a large dish pit room, a 12-seat bar, and substantial kitchen space, along with 2 walk-ins and basement leave potential for many dining options. 3-way liquor license available with acceptable offer. Property also listed for lease; see MLS #826377.

Commercial Active

Price

^$ 799,900

Property Type

Commercial

Taxes

^$ 20,477

Style

Retail

Lot Size

1.52

Year Built

1965

Town/City

Michigan City

County/Region

La Porte

MLS | Web ID

818260

Features

Interior

Interior Amenities Entrance Foyer

General

Sewer Public Sewer

Heating Natural Gas

Utilities Electricity Connected Water Connected Natural Gas Connected

Year Built 1965

Electric 200+ Amp Service

Township Coolspring

Property Subtype Retail

Tax Year 2024

County La Porte

Property Type Commercial Sale

Building Features Public Restrooms Exterior Lighting Patio Skylight(s)

Status Active

Directions US 421/Franklin Street to property on east side

City Michigan City

Lot Size Square Feet 66211.2

Listing Terms Cash Conventional

Tax Annual Amount 20477

Standard Status Active

Legal Description W SD MID PT S 1/2 SW 1/4 S4 T37 R4. 1.52 A

Exterior

Exterior Amenities Lighting

Parking Features Paved

Water Source Public

Total Parking 40

Lot Size Acres 1.52

Lot Size Source Assessor

Waterfront Y/N N

* Excluded Features

List By

Anna Radtke

Listing Agent

@Properties/Christie's Intl Re

Broker

annaradtke@atproperties.com

Affordability Calculator

$6,697

Per Month

Monthly Principal & Interest: $4,990
Monthly Property Taxes: $1,706
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly 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

Trends
Schools

Commerical listings in Michigan City, IN

Average List Price ^$843,353

Percent of Sale Price 5%

About Michigan City, IN

42,412 Population

-7% Since 2002

^$42,478 Median Income

40.4 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1261196 Elementary School

1261197 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/20/2025	$799,900	-4.66%	Price Down
7/9/2025	$839,000	-6.67%	Price Down
5/14/2025	$899,000	-9.18%	Price Down
4/1/2025	$989,900		Listed Price

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3940 Franklin Street, Michigan City, IN, 46360 is a Commercial Property for sale at $799,900 with 5,726 sqft and a lot size of 1.52. 3940 Franklin Street was built in 1965. The property's zip code is 46360 which is in Michigan City, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Listing data provided courtesy of the Internet Data Exchange Program of the Greater Northwest Indiana Multiple Listing Service.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Greater Northwest Indiana Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/10/2025.

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3940 Franklin Street

Commercial Property for sale in Michigan City, IN

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