IN > Michigan City
Michigan City, IN 46360,2701-03 Franklin ST
Michigan City, IN 46360,2701-03 Franklin ST
Michigan City, IN 46360,2701-03 Franklin ST
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$599,000
Est. payment /mo
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4,157 SqFt
Active

2701-03 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 Retail

Listing Status Active

Purchase Type For Sale

Square Footage 4,157 sqft

Price per Sqft $144

MLS Listing ID 830759

Year Built 1925

Annual Tax Amount $3,726

Tax Year 2024

Lot Size 6,860 Sqft

Acres 0.1575

Property Sub-Type Retail

Property Description

BEAUTIFULLY PRESENTED, VIBRANT LOCATION for this prized gem in your investment portfolio boasting a 9 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!

Location

State IN

County La Porte

Zoning Commercial

Interior

Interior Features High Ceilings, Recessed Lighting

Heating Natural Gas

Fireplace N

Appliance Water Heater

Exterior

Exterior Feature Storage

View Y/N true

View true

Building

Lot Description Corner Lot

Others

Tax ID 460132436008000022

Acceptable Financing NRA20251113195950598713000000

Listing Terms NRA20251113195950598713000000

Listed by @properties/Christie's Intl RE • Giorgios Karayannis

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Maurice Cornett

Maurice Cornett

Broker Associate | License ID: 19001105, 3607323, 475.201736

+1(219) 781-1169

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2701-03 Franklin ST