Michigan City, IN 46360 1406 Franklin Street
$499,000



27 more




























Presented By: Jordan Williams with VIA Realty - (773) 618-9199;
Home Details
Prime Mixed-Use Investment Opportunity - 1406 Franklin St, Michigan City, INLocated in the heart of Michigan City's growing commercial corridor, 1406 Franklin St features:3 ground-level retail storefronts with excellent street visibility and foot traffic(4) 1-bedroom apartments on the upper level, ideal for short- or long-term rental incomePrivate on-site parking lot with space for up to 15 vehicles - a rare find in this part of townThis is an ideal opportunity for investors or owner-operators looking to be part of Michigan City's revitalization. The building sits in close proximity to the multimillion-dollar Sola development, Grand Central Station, and is just minutes from Lake Michigan, the South Shore Line, Washington Park, and the Uptown Arts District.Zoning allows for a range of retail, service, or office uses on the ground floor, with stable residential income above. Whether you're expanding your portfolio or entering the market, this property checks all the boxes: location, parking, income diversity, and future growth potential. Address: 1406 Franklin St, Michigan City, IN Units: 7 Total (3 Commercial, 4 Residential) Parking: Up to 15 vehicles Investment Potential: Located in a rapidly appreciating area with new development momentum
Presented By: Jordan Williams with VIA Realty - (773) 618-9199;
General for 1406 Franklin Street
AppliancesWater Heater, Refrigerator
Building FeaturesExterior Lighting, Strip Mall Location, Sundeck, Mixed Use, Private Restrooms, Patio, Office Park Location
CityMichigan City
Community FeaturesCurbs, Street Lights, Restaurant, Park, Lake, Golf, Fishing
CountyLa Porte
DirectionsFranklin St. North to property on Left just past Ripley St.
ElectricCircuit Breakers
Gross Income61200
HeatingCentral
Legal Description42-01-32-229-003 LAND CO EX 45.42 FT N END LT 2 BLK 105. 42-01-32-229-002 LAND CO EX 45.63 FT N END LT 3 BLK 105.42-01-32-229-001 LAND CO 45.63 FT N END LT 3
Listing TermsCash, Conventional
Lot Size Square Feet13503.6
OwnerPaysCommon Area Maintenance, Water, Trash Collection, Sewer, Roof Maintenance, Insurance
Property SubtypeMixed Use
Property TypeCommercial Sale
Security FeaturesCarbon Monoxide Detector(s), Security Lights, Security System, Fire Alarm
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount3796.5
Tax Year2023
TownshipMichigan
UtilitiesCable Connected, Water Connected, Electricity Connected, Sewer Connected, Natural Gas Connected
Year Built1900
Zoning DescriptionMixed Use
Exterior for 1406 Franklin Street
Lot Dimensions45x95, 54x45, 53x50
Lot Size Acres0.31
Lot Size SourceAssessor
Parking FeaturesGravel, Off Street, Paved, On Street
Total Parking15
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
