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1411 Franklin St 10,049 SF 100% Leased Industrial Building Michigan City, IN 46360 $999,000 ($99.41/SF)

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Investment Highlights

2 offices

Executive Summary

The retail space is currently occupied by Rent-A-Center, whose lease expires at the end of 2024. The retail space has a showroom, bathroom, and two offices. The industrial area has three-phase electricity, two bathrooms, a mezzanine office, and an overhead heater.

Property Facts

Price	$999,000	Rentable Building Area	10,049 SF
Price Per SF	$99.41	No. Stories	1
Sale Type	Investment or Owner User	Year Built	1949
Property Type	Industrial	Clear Ceiling Height	16’
Property Subtype	Showroom General Retail Storefront Retail/Office	No. Drive In / Grade-Level Doors	1
Building Class	C	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size	0.34 AC
Zoning	B2 - Established to accommodate a wide range of specialized commercial uses including highway oriented service and commercial types of establishments to se

Price	$999,000
Price Per SF	$99.41
Sale Type	Investment or Owner User
Property Type	Industrial
Property Subtype	Showroom General Retail Storefront Retail/Office
Building Class	C
Lot Size	0.34 AC
Rentable Building Area	10,049 SF
No. Stories	1
Year Built	1949
Clear Ceiling Height	16’
No. Drive In / Grade-Level Doors	1
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	B2 - Established to accommodate a wide range of specialized commercial uses including highway oriented service and commercial types of establishments to se

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Walk Score®

Very Walkable (87)

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Property Taxes

Parcel Number	46-01-32-228-014.000-022	Improvements Assessment	$80,400
Land Assessment	$28,800	Total Assessment	$109,200

Property Taxes

Parcel Number

46-01-32-228-014.000-022

Land Assessment

$28,800

Improvements Assessment

$80,400

Total Assessment

$109,200

(219) 775-9105

Contact

Jennifer Gaudy
Cross Property Management

Listing ID: 33479470
Date on Market: 10/10/2024
Last Updated:
Address: 1411 Franklin St, Michigan City, IN 46360

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