Residential Income For Sale

1407 Franklin Street, Michigan City, Indiana

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Property Description

Welcome to your next investment and lifestyle opportunity nestled in the heart of Michigan City, Indiana! This versatile mixed-use commercial property boasts an enviable location just moments away from the bustling new South Shore commuter train station, making it a prime spot for both locals and commuters alike. Imagine the endless possibilities as you step into this dynamic space, perfectly positioned whether you’re dreaming of a vibrant cafA(c) where commuters can grab their morning coffee or cater to a diverse array of businesses; a boutique retail space showcasing local artisans, or professional offices for entrepreneurs seeking a central hub, this property offers the ideal canvas to bring your vision to life. But it’s not just about business – the upper level boasts a sprawling, 2,000 square foot exquisite residential unit with 3 bedrooms and 1 bath where sunlight streams through the oversized windows, casting a warm glow on the original hardwood floors below. Relax in the spacious living room, spacious for a oversized couch and complimented with a library nook. The gourmet kitchen awaits the culinary enthusiast while entertaining guests in the formal dining room, where intimate gatherings are elevated by the ambiance of days gone by and indulge in fireside chats with a glass of your favorite bourbon. Experience the timeless elegance of a bygone era in this meticulously preserved unit to make your home or generate income with a short-term rental. From the scenic shores of Lake Michigan to the charming boutiques and eateries of downtown Michigan City, there’s no shortage of reasons for visitors to explore and discover what your establishment has to offer and your life desires. Seize the opportunity with the possibility of utilizing local improvement grants with the Michigan City Urban Enterprise Zone and the federally designated Opportunity Zone. Capture the moment to be a part of Michigan City’s vibrant community and elevate your experiences to new heights!

Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : NRA810093
Price : $339,000
Bedrooms : 3
Rooms : 0
Bathrooms : 0
Half Bathrooms : 2
Year Built : 1928
Lot Area : 2,178 Sqft
Status : Active
Acres : 0.05
Property Subtype 1 : Apartment
Status : Active
Features
Heating System : Forced Air, Radiant, Varies By Unit
Basement
Pet Policy
Parking : On Street
Interior Features : Chandelier
Appliances
Appliances : Microwave, Refrigerator, Gas Range, Built-in Refrigerator, Washer/dryer Stacked
Address Map
Country : US
State : IN
County : La Porte
City : Michigan City
Street : Franklin
Street Number : 1407
Street Suffix : Street
Postal Code : 46360
Floor Number : 0
Longitude : W87° 6' 7.3''
Latitude : N41° 42' 31.9''
Township : Michigan
MLS Addon
Office Name : @properties/Christie's Intl RE
Listing Agent MLS ID : NRA15303
Listing Office MLS ID : NRA2006
Annual Tax Amount : $4,482
HOA/POA-Annual Amt. : $0
HOA/POA-Monthly Amt. : $0
Lot Dimensions : 25x95
Tax Year : 2023
Residential Income For Sale
  • Listing ID : NRA810093
  • Bedrooms : 3
  • Bathrooms : 0
  • Lot Area : 2,178 Sqft
$339,000
Agent info
Dan Kelley
Remax County Wide 1st
814 E LaSalle South Bend, IN 46617
Contact Agent