1407 Franklin Street Michigan City, IN $ 399,000
1407 Franklin Street
$ 399,000
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1407 Franklin Street

Michigan City, IN, 46360
$ 399,000
Baths0.0 Sq 4,336

Monthly Estimate*

$ 2,787

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Studio

Commercial Property for sale in Michigan City, IN

for $399,000. This 4,336 square foot building was built in 1928 on a lot size of 0.05.

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 cafe 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!

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Commercial Active

Price

$ 399,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 4,269

Style

Mixed Use

Lot Size

0.05

Year Built

1928

Town/City

Michigan City

County/Region

La Porte

MLS | Web ID

803168

Features
General
Interior Features Chandelier
Sewer Public Sewer
Heating Forced Air Radiant Varies by Unit
Utilities Electricity Connected Natural Gas Connected Sewer Connected Water Connected
Appliances Built-In Refrigerator Gas Range Microwave Refrigerator Washer/Dryer Stacked Water Heater
Exterior Features None
Year Built 1928
Electric 100 Amp Service Circuit Breakers Separate Meters
Township Michigan
Property SubType Mixed Use
Tax Year 2023
County La Porte
Property Type Commercial Sale
Building Features Mixed Use
Status Active
Directions North on Franklin Street just past W Ripley St on the West side of Franklin adjacent to an alley
City Michigan City
Lot Size Square Feet 2178
Street Name Franklin
Tax Annual Amount 4269
Standard Status Active
Legal Description 42-01-32-228-013 LAND CO 24 FT 3 IN S END LTS 11 & 14 BK106
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Exterior
Parking Features On Street
Lot Features Near Public Transit
Water Source Public
Total Parking 0
Lot Dimensions 25x95
Lot Size Acres 0.05
Lot Size Source Assessor
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Interior
Street Suffix Street
Laundry Features In Unit Upper Level
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* Excluded Features
List By
Giorgios Karayannis

Listing Agent

@Properties/Christie's Intl Re

Broker

giorgios@atproperties.com

Email

Affordability Calculator

$3,143
Per Month
89%
11%
0%
Monthly Principal & Interest
$2,787
Monthly Property Taxes
$356
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1261196 Elementary School
1261197 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/4/2024$399,000 Listed Price

Map


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1407 Franklin Street, Michigan City, IN, 46360 is a Commercial Property for sale at $399,000 with 4,336 sqft and a lot size of 0.05. 1407 Franklin Street is a studio with 0.0 baths and was built in 1928. The property's zip code is 46360 which is in Michigan City, IN