2701-03 Franklin Street Michigan City, IN $ 599,000
2701-03 Franklin Street
$ 599,000
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2701-03 Franklin Street

Michigan City, IN, 46360
$ 599,000
Bedrooms-- Baths-- Sq 4,157

Monthly Estimate*

$ 3,737

2701-03 Franklin Street, Michigan City, IN 46360 - Image 1
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Commercial Property for sale in Michigan City, IN

for $599,000. 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 boasting a 9 percent cap rate. A low-maintenance, 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 2022 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. Long-term tenants have already established a solid foundation, providing a steady income stream from day one. Feel secure with an optometry practice established in 1924 and an innovative salon as successful, long-term tenants providing reliability, securing this property's status as an exceptionally 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

$ 599,000

Property Type

Commercial

Taxes

$ 3,726

Style

Retail

Lot Size

0.1575

Year Built

1925

Town/City

Michigan City

County/Region

La Porte

MLS | Web ID

830759

Features
Interior
Interior Amenities High Ceilings Recessed Lighting
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General
Sewer Public Sewer
Heating Natural Gas
Utilities Cable Available Water Connected Sewer Connected Natural Gas Connected Electricity Connected
Appliances Water Heater
Security Features Fire Alarm Security System Smoke Detector(s)
Year Built 1925
Electric 200+ Amp Service Other
Township Michigan
Property Subtype Retail
Tax Year 2024
County La Porte
Insurance Expense 1900
Property Type Commercial Sale
Building Features Exterior Lighting Suspended Ceiling(s) Acoustical Ceiling(s)
Status Active
Directions N or S on Franklin St to Harrison St building on Southwest corner.
City Michigan City
Zoning Description Commercial
Lot Size Square Feet 6860.7
Listing Terms Cash Conventional
Tax Annual Amount 3726
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
Exterior Amenities Storage
Parking Features Additional Parking On Street Concrete
Lot Features Corner Lot
Water Source Public
Total Parking 25
Lot Size Acres 0.1575
Lot Size Source Assessor
Waterfront Y/N N
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* Excluded Features
List By
Giorgios Karayannis

Listing Agent

@Properties/Christie's Intl Re

Broker

giorgios@atproperties.com

Email

Affordability Calculator

$4,047
Per Month
92%
8%
0%
Monthly Principal & Interest
$3,737
Monthly Property Taxes
$311
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
Pricing History
DatePricePrice ChangeDescription
11/13/2025$599,000 Listed Price

Map


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2701-03 Franklin Street, Michigan City, IN, 46360 is a Commercial Property for sale at $599,000 with 4,157 sqft and a lot size of 0.1575. 2701-03 Franklin Street was built in 1925. The property's zip code is 46360 which is in Michigan City, IN