1407 Franklin Street Michigan City, IN $ 299,000
1407 Franklin Street
$ 299,000
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1407 Franklin Street

Michigan City, IN, 46360
$ 299,000
Bedrooms-- Baths-- Sq 4,336

Monthly Estimate*

$ 1,841

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Commercial Property for sale in Michigan City, IN

for $299,000. This 4,336 square foot building was built in 1928 on a lot size of 0.05.

Versatile mixed-use commercial property with classic architecture is ideally positioned near the new South Shore commuter train station and The Franklin at 11th Street Station, a landmark 12-story luxury apartment development bringing new energy, residents, and momentum to downtown Michigan City. With the South Shore Line connecting Chicago's Millennium Station near Millennium Park to the South Bend International Airport, this value-add asset offers exceptional visibility and accessibility for commuters, tourists, and local patrons alike. Whether your vision is a vibrant cafe or delicatessen for morning commuters, a boutique retail space showcasing local makers, or another business concept that serves Michigan City's growing downtown, this property provides the ideal canvas. The opportunity extends beyond the commercial space. The upper level features an impressive 2,000-square-foot residential unit with 3 bedrooms and 1 bath, offering flexibility for owner occupancy or potential short-term rental use. Sunlight fills the apartment through oversized windows, highlighting the original hardwood floors and timeless character throughout. The spacious living room includes a charming library nook, while the formal dining room creates an inviting setting for intimate gatherings and fireside conversations. From the scenic shores of Lake Michigan to downtown boutiques, restaurants, arts, entertainment, and the expanding commuter corridor, this property is surrounded by reasons for people to live, work, visit, and invest in Michigan City. Additional incentives may be available through local improvement grants connected to the Michigan City Urban Enterprise Zone and the federally designated Opportunity Zone. Bring your vision and a hammer to capture the moment to be a part of Michigan City's continued growth and position your business, investment, or lifestyle vision in one of the city's most exciting downtown locations.

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Commercial Active

Price

$ 299,000

Property Type

Commercial

Taxes

$ 4,611

Style

Mixed Use

Lot Size

0.05

Year Built

1928

Town/City

Michigan City

County/Region

La Porte

MLS | Web ID

840570

Features
General
Sewer Public Sewer
Heating Forced Air
Utilities Electricity Connected Water Connected Sewer Connected Natural Gas Connected
Appliances Gas Range Water Heater Refrigerator Microwave
Year Built 1928
Electric 100 Amp Service Circuit Breakers
View City
Township Michigan
Property Subtype Mixed Use
Tax Year 2025
County La Porte
Property Type Commercial Sale
Building Features Mixed Use
Status Active
Directions Head North on Franklin St. The property is on the west side of Franklin in between Ripley St and William St.
City Michigan City
Lot Size Square Feet 2178
Listing Terms Cash Conventional
Tax Annual Amount 4611.45
Standard Status Active
Legal Description 42-01-32-228-013 LAND CO 24 FT 3 IN S END LTS 11 & 14 BK106
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Exterior
Exterior Amenities None
Parking Features On Street
Lot Features Near Public Transit
Water Source Public
Total Parking 0
Lot Size Acres 0.05
Lot Size Source Assessor
Waterfront Y/N N
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Interior
Laundry Features Upper Level
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* Excluded Features
List By
Giorgios Karayannis

Listing Agent

@Properties/Christie's Intl Re

Broker

giorgios@atproperties.com

Email

Affordability Calculator

$2,225
Per Month
83%
17%
0%
Monthly Principal & Interest
$1,841
Monthly Property Taxes
$384
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
6/12/2026$299,000 Listed Price

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1407 Franklin Street, Michigan City, IN, 46360 is a Commercial Property for sale at $299,000 with 4,336 sqft and a lot size of 0.05. 1407 Franklin Street was built in 1928. The property's zip code is 46360 which is in Michigan City, IN