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$ 299,000
Est. payment /mo
Active
1407 Franklin ST Michigan City, IN 46360
4,336 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,336 sqft
Price per Sqft $68
MLS Listing ID 840570
HOA Y/N No
Year Built 1928
Annual Tax Amount $4,611
Tax Year 2025
Lot Size 2,178 Sqft
Acres 0.05
Property Sub-Type Mixed Use
Property Description
Versatile mixed-use commercial property with classic architecture is ideally positioned near the new South Shore commuter train station and The Franklin at 11th Street Station, a landmark 12-story luxury apartment development bringing new energy, residents, and momentum to downtown Michigan City. With the South Shore Line connecting Chicago's Millennium Station near Millennium Park to the South Bend International Airport, this value-add asset offers exceptional visibility and accessibility for commuters, tourists, and local patrons alike. Whether your vision is a vibrant cafe or delicatessen for morning commuters, a boutique retail space showcasing local makers, or another business concept that serves Michigan City's growing downtown, this property provides the ideal canvas. The opportunity extends beyond the commercial space. The upper level features an impressive 2,000-square-foot residential unit with 3 bedrooms and 1 bath, offering flexibility for owner occupancy or potential short-term rental use. Sunlight fills the apartment through oversized windows, highlighting the original hardwood floors and timeless character throughout. The spacious living room includes a charming library nook, while the formal dining room creates an inviting setting for intimate gatherings and fireside conversations. From the scenic shores of Lake Michigan to downtown boutiques, restaurants, arts, entertainment, and the expanding commuter corridor, this property is surrounded by reasons for people to live, work, visit, and invest in Michigan City. Additional incentives may be available through local improvement grants connected to the Michigan City Urban Enterprise Zone and the federally designated Opportunity Zone. Bring your vision and a hammer to capture the moment to be a part of Michigan City's continued growth and position your business, investment, or lifestyle vision in one of the city's most exciting downtown locations.
Location
State IN
County La Porte
Rooms
Basement Storage Space, Unfinished
Interior
Heating Forced Air
Fireplace N
Appliance Gas Range, Water Heater, Refrigerator, Microwave
Exterior
Exterior Feature None
Parking Features On Street
View Y/N true
View City
Building
Lot Description Near Public Transit
Sewer Public Sewer
Water Public
Others
Tax ID 460132228013000022
Acceptable Financing NRA20260609221418785935000000
Listing Terms NRA20260609221418785935000000
Listed by @properties/Christie's Intl RE • Giorgios Karayannis