1416 Franklin Street Michigan City, IN $ 649,000
1416 Franklin Street
$ 649,000
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1416 Franklin Street

Michigan City, IN, 46360
$ 649,000
Bedrooms-- Baths-- Sq 13,390

Monthly Estimate*

$ 3,996

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Commercial Property for sale in Michigan City, IN

for $649,000. This 13,390 square foot building was built in 1947 on a lot size of 0.42.

This versatile space is designed for multi-tenant use, offering strong investment and income potential. 3 blocks from the new South Shore train Station and "The Franklin" luxury apartment development. On the street level along Franklin Street, you'll find a spacious three-office suite along with a separate standalone retail space, perfect for a variety of business uses. The second floor features a residential unit with 2 bedrooms and 1.5 bathrooms--ideal for owner occupancy or rental income. The main building has a brand-new roof installed in 2025, adding peace of mind for future ownership. At the rear of the property on Ripley sits an industrial building, formerly home to a bolt company. This structure includes a loading dock and generous warehouse space, making it ideal for storage, light manufacturing, or distribution. Located in a rapidly developing area with increasing foot traffic and investment, this property offers endless possibilities for entrepreneurs and investors alike. Schedule your tour today and explore the potential firsthand.

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Commercial Active

Price

$ 649,000

Property Type

Commercial

Taxes

$ 5,663

Style

Mixed Use

Lot Size

0.42

Year Built

1947

Town/City

Michigan City

County/Region

La Porte

MLS | Web ID

835851

Features
General
Sewer Public Sewer
Heating Forced Air Natural Gas
Utilities Electricity Connected Water Connected Sewer Connected Natural Gas Connected
Appliances Dryer Washer Refrigerator Gas Range Freezer
Security Features Fire Alarm
Year Built 1947
Electric 100 Amp Service
View City
Township Michigan
Property Subtype Mixed Use
Tax Year 2024
County La Porte
Property Type Commercial Sale
Subdivision Name Land Cos Add/Michigan City
Building Features Multi Tenant Business District Location Open Dock(s) Courtyard Shower/Locker Room Private Restrooms
Status Active
Directions Franklin St to Ripley
City Michigan City
Lot Size Square Feet 18295
Listing Terms Cash Owner Assisted Conventional Contract
Tax Annual Amount 5663
Standard Status Active
Legal Description 42-01-32-229-011 LAND CO LTS 5-8-9 & S1/2 LTS 1 & 4 BLK 105
Assoc/CIC None
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Exterior
Exterior Amenities Storage
Parking Features On Street
Lot Features Corner Lot Landscaped
Water Source Public
Total Parking 0
Lot Size Acres 0.42
Lot Size Source Assessor
Waterfront Y/N N
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Interior
Laundry Features Electric Dryer Hookup Washer Hookup Upper Level Main Level Lower Level Gas Dryer Hookup
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* Excluded Features
List By
Vince Kisala

Listing Agent

Coldwell Banker Real Estate Gr

Broker

vince@kisala.com

Email

Affordability Calculator

$4,468
Per Month
89%
11%
0%
Monthly Principal & Interest
$3,996
Monthly Property Taxes
$472
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
3/21/2026$649,000 Listed Price

Map


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1416 Franklin Street, Michigan City, IN, 46360 is a Commercial Property for sale at $649,000 with 13,390 sqft and a lot size of 0.42. 1416 Franklin Street was built in 1947. The property's zip code is 46360 which is in Michigan City, IN