IN > Michigan City
Michigan City, IN 46360,521 Franklin ST
Michigan City, IN 46360,521 Franklin ST
Michigan City, IN 46360,521 Franklin ST
98
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$1,650,000
Est. payment /mo
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21,057 SqFt
Active

521 Franklin ST Michigan City, IN 46360

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Maurice Cornett

Maurice Cornett

+1(219) 781-1169

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 21,057 sqft

Price per Sqft $78

MLS Listing ID 828505

Year Built 1880

Annual Tax Amount $11,988

Tax Year 2024

Lot Size 0.284 Acres

Acres 0.284

Property Sub-Type Mixed Use

Property Description

Prime Downtown Mixed-Use Building in the Arts District! Outstanding opportunity to own a 10-unit building right in the heart of the vibrant Arts District. The property features three street-level commercial spaces -- two versatile office/retail storefronts and one restaurant space with established infrastructure. Upstairs, you'll find seven unique apartments, each with its own character and layout, offering a mix of options for tenants seeking something distinctive. With a mix of 0pen loft-style stuidos and one-bedroom units, these apartments attract long-term renters who value individuality and prime downtown living. The building sits on a highly visible block surrounded by galleries, shops, and restaurants, making it a sought-after location for both commercial and residential tenants. Strong income from a diverse range of tenants make this a great investment opportunity.

Location

State IN

County La Porte

Interior

Heating Central

Fireplace N

Exterior

Exterior Feature None

View Y/N true

View true

Others

Tax ID 460129404021000022

Acceptable Financing NRA20250925203100120492000000

Listing Terms NRA20250925203100120492000000

Listed by Coldwell Banker Realty • Daren Huber

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Maurice Cornett

Maurice Cornett

Broker Associate | License ID: 19001105, 3607323, 475.201736

+1(219) 781-1169

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521 Franklin ST