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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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