1416 Franklin ST, Michigan City, IN 46360
1416 Franklin ST, Michigan City, IN 46360
1416 Franklin ST, Michigan City, IN 46360
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$599,000
Est. payment /mo
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12,470 SqFt
Active

1416 Franklin ST Michigan City, IN 46360

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Maurice Cornett

Maurice Cornett

+1(219) 781-1169

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 12,470 sqft

Price per Sqft $48

Subdivision Land Cos Add/Michigan City

MLS Listing ID 835851

HOA Y/N No

Year Built 1947

Annual Tax Amount $5,663

Tax Year 2024

Lot Size 0.420 Acres

Acres 0.42

Property Sub-Type Mixed Use

Property Description

This versatile space is designed for multi-tenant use, offering strong investment and income potential. 3 blocks from the new South Shore train Station and "The Franklin" luxury apartment development. On the street level along Franklin Street, you'll find a spacious three-office suite along with a separate standalone retail space, perfect for a variety of business uses. The second floor features a residential unit with 2 bedrooms and 1.5 bathrooms--ideal for owner occupancy or rental income. The main building has a brand-new roof installed in 2025, adding peace of mind for future ownership. At the rear of the property on Ripley sits an industrial building, formerly home to a bolt company. This structure includes a loading dock and generous warehouse space, making it ideal for storage, light manufacturing, or distribution. Located in a rapidly developing area with increasing foot traffic and investment, this property offers endless possibilities for entrepreneurs and investors alike. Schedule your tour today and explore the potential firsthand.

Location

State IN

County La Porte

Rooms

Basement Unfinished

Interior

Heating Forced Air, Natural Gas

Fireplace N

Appliance Dryer, Washer, Refrigerator, Gas Range, Freezer

Exterior

Exterior Feature Storage

Parking Features Additional Parking, On Street

View Y/N true

View City

Building

Lot Description Corner Lot, Landscaped

Sewer Public Sewer

Water Public

Others

Tax ID 460132229011000022

Security Features Fire Alarm

Acceptable Financing NRA20260321174553720112000000

Listing Terms NRA20260321174553720112000000

Listed by Coldwell Banker Real Estate Gr • Vince Kisala

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Maurice Cornett

Maurice Cornett

Broker Associate License ID: 19001105, 3607323, 475.201736

+1(219) 781-1169

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1416 Franklin ST