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1407 Franklin St 4,304 SF 100% Leased Retail Building Michigan City, IN 46360 $299,000 ($69.47/SF)
Investment Highlights
- Located along Franklin Street in downtown Michigan City, offering strong visibility and consistent traffic flow in an active commercial corridor.
- Easy connectivity to major roadways including U.S. Route 12 and Interstate 94, facilitating regional travel and commuter access.
- Positioned within Michigan City’s Midtown area, near major amenities, cultural hotspots, and growing mixed-use developments.
- Situated in close proximity to Lake Michigan shoreline, popular retail destinations, local dining, and hospitality services.
- Walkable access to surrounding neighborhoods and businesses, enhancing customer draw and convenience for employees.
- The site benefits from a neighborhood served by local transit and near the South Shore Line, which connects Michigan City to Chicago.
Executive Summary
1407 Franklin Street offers a highly adaptable property in the heart of Michigan City’s revitalizing downtown corridor. Originally constructed in 1928, this building sits along a prominent commercial stretch with exceptional visibility for both pedestrian and vehicular traffic. Its location along Franklin Street places it minutes from Lake Michigan’s shoreline, vibrant shopping destinations, and local dining options, making it an attractive choice for investors seeking strong long-term appreciation potential.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,304 SF
Building Class
C
Year Built
1928
Price
$299,000
Price Per SF
$69.47
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.89
Lot Size
0.05 AC
Opportunity Zone
Yes
Zoning
Commericial - B2 - General Commercial
Frontage
24’ on Franklin St
Moderately walkable
60/100
Very drivable
80/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 46-01-32-228-013.000-022 | Improvements Assessment | $120,600 |
| Land Assessment | $18,800 | Total Assessment | $139,400 |
Property Taxes
Parcel Number
46-01-32-228-013.000-022
Land Assessment
$18,800
Improvements Assessment
$120,600
Total Assessment
$139,400
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1407 Franklin St