1115 Franklin ST, Michigan City, IN 46360
1115 Franklin ST, Michigan City, IN 46360
1115 Franklin ST, Michigan City, IN 46360
36
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$510,000
Est. payment /mo
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1 Bath
2,600 SqFt
Price Dropped by $19K

1115 Franklin ST Michigan City, IN 46360

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Maurice Cornett

Maurice Cornett

+1(219) 781-1169

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,600 sqft

Price per Sqft $196

Subdivision Land Companys Add

MLS Listing ID 837999

Full Baths 1

HOA Y/N No

Year Built 1900

Annual Tax Amount $4,618

Tax Year 2025

Lot Size 2,613 Sqft

Acres 0.06

Property Sub-Type Quadruplex

Property Description

Prime investment opportunity in the heart of downtown Michigan City! Looking for a multi-unit property that also includes a retail space? This fully leased, mixed-use property offers immediate cash flow and long-term upside in a highly desirable location. The commercial building boasts a new roof (2024), furnace, 200 amp service and many other updates and improvements! The street-level retail space enjoys excellent visibility and steady foot traffic, making it an ideal anchor for the property. Two residential apartments above the retail space provide consistent rental income---one of which has been completely renovated with modern finishes, offering strong tenant appeal and reduced maintenance concerns. Adding further value is a separate carriage house, enhancing the overall versatility of the property. All units are currently rented with active leases in place, making this a true turnkey investment. Situated in a vibrant corridor of Michigan City, this property is conveniently located one block from the south shore train station. Whether you're looking to expand your portfolio or secure a stable, income-producing asset in a prime location, this property delivers on all fronts!

Location

State IN

County La Porte

Rooms

Basement Full

Interior

Interior Features Other

Heating Forced Air, Natural Gas

Fireplace N

Appliance Gas Range, Refrigerator

Exterior

Exterior Feature None

Parking Features On Street

View Y/N true

View City

Building

Lot Description Corner Lot

Story Two

Sewer Public Sewer

Water Public

Level or Stories Two

Schools

School District Michigan City

Others

Tax ID 460129466015000022

SqFt Source Assessor

Acceptable Financing NRA20260429183815389968000000

Listing Terms NRA20260429183815389968000000

Pets Allowed Call

Listed by Blackrock Real Estate Services • Kimberly Fowler

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Maurice Cornett

Maurice Cornett

Broker Associate License ID: 19001105, 3607323, 475.201736

+1(219) 781-1169

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1115 Franklin ST