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Active
710 Franklin Street
Michigan City IN, 46360
$1,600,000
$73.63 per sqft
Active
21,730 sqft
Commercial
Built in 1914
Highly desirable property with options. Currently, this building is also being offered for Lease. The highest and best use would be offices for mid to large offices/ businesses. Average price $12.00 per sq ft annually. This property would be ripe for conversion into apartments/lofts on the second floor, commercial retail on the first floor, and developing of the parking lot. This area is best suited for Mixed-use. See attached survey. This building is 4 blocks to the train with the new double track, express train to Chicago and all the new residential and commercial development that is currently on the way. Michigan City is set to be the next "it spot" and is only 1 hr. from Chicago and 20 mins to Michigan. 1.2 miles from Lake Michigan. This Lakefront community is poised to be the place to be. The building has 600AMP service and is located in a TIF and opportunity zone. Facade grants are available. Future restaurant owners or tenants can also obtain a 3-way liquor license. Don't miss this opportunity.
814372
MLSⓇ ID
December 30, 2024
Listed
December 30, 2024
Updated
Map
710 Franklin Street
Michigan City IN, 46360
Interior Features
Interior Features
Storage
Floor Description
Carpet, Laminate
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
0.46 Acres
Exterior Features
Lighting
Lot Features
Corner Lot, Views, Near Public Transit
Roof
Flat
Sewer
Public Sewer
Other Property Details
Taxes
$10,190
Tax Frequency
Annually
Days on Market
40
Garage
No
Parking
Additional Parking, Off Street, Paved, Parking Lot
Parking Total
28
View
Yes
View Description
Downtown, Trees/Woods
County
La Porte
Municipality
Michigan
Water Source
Public
Pool
No
Courtesy of McColly Real Estate, Michael Becze,
Listing Contact:
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