Michigan City, IN 46360 521-525 Franklin Street

$1,650,000

521-525 Franklin Street Michigan City, IN - Image 1521-525 Franklin Street Michigan City, IN - Image 2521-525 Franklin Street Michigan City, IN - Image 3
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Presented By: Mike Liberatore with MTM Realty Group -
  • MLS# 801952
  • 04/08/2024
  • Get pre-approved
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  • SQFT • 21,057

Home Details

Excellent business opportunity in Downtown Arts District. Three storefronts boasting over 21,000 Sq Ft on Street level and above. There are 7 nice apartments above the storefronts. One large storefront potentially available and one apartment will become available upon sale. What a great opportunity to live and have your own business while collecting rents in the buildings you own. Arrange to see this great property and set in motion moving toward your dreams.
Presented By: Mike Liberatore with MTM Realty Group -

Interior Features for 521-525 Franklin Street

Other Interior Features

Street SuffixStreet

General for 521-525 Franklin Street

Building FeaturesAcoustical Ceiling(s), Exterior Lighting, High Speed Internet Avail, Mixed Use, Multi Tenant, Private Restrooms
CityMichigan City
Community FeaturesCurbs, Restaurant, Sidewalks, Street Lights
CountyLa Porte
DirectionsFRANKLIN STREET NORTH TOWARDS LAKE MICHIGAN, WEST SIDE BETWEEN 5TH AND 6TH STREET
Electric200+ Amp Service
Electric Expense3407
Exterior FeaturesLighting, Private Entrance
HeatingCentral
Insurance Expense22077
Interior FeaturesBar, Other
Legal Description42-01-29-404-021 E O S 33 1/2 FT S SD LT 6 BLK 23. TIF ASSMT #51 & 42-01-29-404-022 EOS N SD LT 7 BLK 23 (2-11/8/96) TIF ASSMT #51
Lot Size Square Feet12066.12
OwnerPaysSewer, Water
Property SubTypeMixed Use
Property TypeCommercial Sale
Security FeaturesCarbon Monoxide Detector(s), Smoke Detector(s)
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount11988
Tax Year2023
TownshipMichigan
UtilitiesElectricity Connected, Natural Gas Connected
ViewDowntown
Year Built1890
Zoning DescriptionMixed Use

Exterior for 521-525 Franklin Street

FencingNone
Frontage Length70
Lot Dimensions69 x 175
Lot FeaturesCity Lot
Lot Size Acres0.277
Lot Size SourceAssessor
Parking FeaturesOn Street, Outside
Total Parking0
Water SourcePublic

Additional Details

Price History

Arlene Olenik-Lowe

Price $1,650,000
MLS#801952
List Date 04/08/2024
Property Type Commercial
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