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1416-1418 Franklin St 13,390 SF 100% Leased Retail Building Michigan City, IN 46360 $649,000 ($48.47/SF)
Executive Summary
his 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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
13,390 SF
Building Class
C
Year Built
1921
Price
$649,000
Price Per SF
$48.47
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
1 Exterior
Building FAR
0.72
Lot Size
0.43 AC
Opportunity Zone
Yes
Zoning
B2 - Commercial B2
Parking
10 Spaces (0.75 Spaces per 1,000 SF Leased)
Frontage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Marilyn M Jones & Associates
- Administrative and Support Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Marilyn M Jones & Associates | Administrative and Support Services | - | - | - |
Fairly walkable
50/100
Fairly drivable
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 46-01-32-229-011.000-022 | Improvements Assessment | $175,600 |
| Land Assessment | $52,000 | Total Assessment | $227,600 |
Property Taxes
Parcel Number
46-01-32-229-011.000-022
Land Assessment
$52,000
Improvements Assessment
$175,600
Total Assessment
$227,600
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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1416-1418 Franklin St
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