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Listed price in listed location currency (USD).
$579,000

0025

MLS® 830759

  • Key Facts
  • Description
  • Map

Key Facts

Type Retail
Levels Commercial Sale
Size 4157 sqft
Garage No
Maintenance Fees 
Taxes $3,726
Approx. Age 1925
Avg. Price Per Sqft $139
MLS® Number 830759

Property Address: 3-2701-03 Franklin St, Michigan City, IN, 46360-6137

Average square foot calculated using Size range provided by listing agent.

Description

BEAUTIFULLY PRESENTED, VIBRANT LOCATION for this prized gem in your investment portfolio boasting a 10 percent cap rate. A low-maintenance, multi-unit commercial property is in the heart of the booming Michigan City's midtown area. This classic building has been brought into modern times completely renovated in 2020 and 2022 from floor to ceiling. Perfectly positioned on a corner of the bustling Franklin Street, poised to capture maximum visibility and foot traffic, ensuring sustained profitability for years to come. You will find intelligent updates throughout; 2-stage variable speed high-efficiency furnaces, 3-phase electric, all LED lighting, closed-cell insulation, Nova basement system, and many more advanced features to finish this impressive property that will leave you worry-free for years to come. Long-term tenants have already established a solid foundation, providing a steady income stream from day one. Feel secure with an optometry practice established in 1924 and an innovative salon as successful, long-term tenants providing reliability, securing this property's status as an exceptionally high return. Join the ranks of visionary investors who recognize this prime location and claim your stake in the future of Michigan City!
MLS® Number830759
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1925
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
-Sold Price

Pending

Nov 13, 2025List Date
$579,000List Price
  • Commute

Commute

Starting Address
Destination Address
2701-03 Franklin St, Michigan City, IN

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