Commercial Sale For Sale

710 Franklin Street, Michigan City, Indiana

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Property Description

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.

Basic Details
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : NRA814372
Price : $1,600,000
Bedrooms : 0
Rooms : 0
Bathrooms : 0
Half Bathrooms : 0
Year Built : 1914
Lot Area : 20,037.60 Sqft
Status : Active
Acres : 0.46
Property Subtype 1 : Retail
Status : Active
Features
Heating System : Forced Air
Basement : Yes
Parking : Paved, Off Street, Additional Parking, Parking Lot
Exterior Features : Lighting
Interior Features : Storage
Address Map
Country : US
State : IN
County : La Porte
City : Michigan City
Street : Franklin
Street Number : 710
Street Suffix : Street
Postal Code : 46360
Floor Number : 0
Longitude : W87° 5' 59.7''
Latitude : N41° 42' 53.3''
Directions : From Rt 12, head Southeast on Washington. Make a left on 7th St, property will be on your right.
Subdivision : Lytles Sub
Township : Michigan
MLS Addon
Office Name : McColly Real Estate
Listing Agent MLS ID : NRA17496
Listing Office MLS ID : NRA254
Annual Tax Amount : $10,190
HOA/POA-Annual Amt. : $0
HOA/POA-Monthly Amt. : $0
Lot Dimensions : 61FTx167FT
Tax Year : 2023
Commercial Sale For Sale
  • Listing ID : NRA814372
  • Bedrooms : 0
  • Bathrooms : 0
  • Lot Area : 20,037.60 Sqft
$1,600,000
Agent info
Dan Kelley
Remax County Wide 1st
814 E LaSalle South Bend, IN 46617
Contact Agent