1115 Franklin Street Michigan City, IN $ 549,000
1115 Franklin Street
$ 549,000
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1115 Franklin Street

Michigan City, IN, 46360
$ 549,000
Bedrooms-- Baths-- Sq 5,737

Monthly Estimate*

$ 3,380

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Commercial Property for sale in Michigan City, IN

for $549,000. This 5,737 square foot building was built in 1900 on a lot size of 0.06.

Prime investment opportunity in the heart of downtown Michigan City! This fully leased, mixed-use property offers immediate cash flow and long-term upside in a highly desirable location. The street-level retail space enjoys excellent visibility and steady foot traffic, making it an ideal anchor for the property. Two residential apartments above the retail space provide consistent rental income---one of which has been completely renovated with modern finishes, offering strong tenant appeal and reduced maintenance concerns. Adding further value is a separate carriage house, enhancing the overall versatility of the property. All units are currently rented with active leases in place, making this a true turnkey investment. Situated in a vibrant corridor of Michigan City, this property is conveniently located one block from the south shore train station. Whether you're looking to expand your portfolio or secure a stable, income-producing asset in a prime location, this property delivers on all fronts!

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Commercial Active

Price

$ 549,000

Property Type

Commercial

Taxes

$ 4,618

Style

Mixed Use

Lot Size

0.06

Year Built

1900

Town/City

Michigan City

County/Region

La Porte

MLS | Web ID

835608

Features
General
Sewer Public Sewer
Heating Forced Air Natural Gas
Utilities Electricity Connected Water Connected Sewer Connected Natural Gas Connected
Appliances Gas Range Refrigerator
Year Built 1900
Electric 100 Amp Service 200+ Amp Service
View City
Township Michigan
Property Subtype Mixed Use
Tax Year 2025
County La Porte
Property Type Commercial Sale
MaintenanceExpense 0
Subdivision Name Land Companys Add
Building Features Multi Tenant Mixed Use Public Restrooms Private Restrooms
Status Active
Directions North on Franklin from Highway 20
City Michigan City
Lot Size Square Feet 2600
Listing Terms Cash Conventional
Tax Annual Amount 4618
Electric Expense 0
Trash Expense 0
Standard Status Active
Legal Description 42-01-29-466-015 LAND CO 23-1/2 FT S SD LTS 12 & 13 BLK 95 & 23-1/2 FT S SD LT 9 EX 15 FT W SD LT 9 BLK 95
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Exterior
Exterior Amenities None
Parking Features On Street
Lot Features Corner Lot
Water Source Public
Total Parking 0
Lot Size Acres 0.06
Lot Size Source Assessor
Waterfront Y/N N
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* Excluded Features
List By
Kimberly Fowler

Listing Agent

Blackrock Real Estate Services

Broker

kimfowler91@gmail.com

Email

Affordability Calculator

$3,765
Per Month
90%
10%
0%
Monthly Principal & Interest
$3,380
Monthly Property Taxes
$385
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
3/18/2026$549,000 Listed Price

Map


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1115 Franklin Street, Michigan City, IN, 46360 is a Commercial Property for sale at $549,000 with 5,737 sqft and a lot size of 0.06. 1115 Franklin Street was built in 1900. The property's zip code is 46360 which is in Michigan City, IN