Your email has been sent.
Michigan City Plaza 4100-4112 Franklin St 86,297 SF 22% Leased Retail Building Michigan City, IN 46360 For Sale
Investment Highlights
- Value-Add Opportunity: Michigan City Plaza is 27.9% occupied, with 62,232 SF of vacant space available
- Excellent Visibility and Accessibility: Situated just off the fully signalized, hard-corner intersection of Franklin Street (22,554 VPD) and Highway
- Low Taxes: Indiana’s low property tax expense. This lower rate than surrounding markets will allow an investor to drive their base rent & bottom line
- Traffic Generating Surrounding Retailers: Surrounded by major national retailers, including Kohls, TJ Maxx, Meijer, ALDI, Walmart, Menards and More
- Strong Performing Regional Retail Corridor: Dominant retail hub for northwest Indiana, with over 1.8 million square feet of retail space.
- Notable Economic Development
Executive Summary
Michigan City Plaza is located along the Franklin Street retail corridor in Michigan City, the dominant retail hub for northwest Indiana. The submarket is anchored by many national retailers, including Meijer, Menards, Lowe’s Home Improvement, Kohl’s, AMC Theaters, ROSS, Walmart Superstore, and many more. The Property is located 3 miles south of the Lighthouse Place Premium Outlets and Blue Chip Casino Hotel and Spa in the LaPorte Submarket. Additionally, the Gary/Chicago International Airport is conveniently situated 31 miles to the west, and downtown Chicago is just an hour’s drive, located 66 miles northwest of Michigan City Plaza.
This Property presents a value-creation opportunity, with 62,232 square feet of retail space available. This space can be leased as is or divided to accommodate diverse tenant needs.
Property Facts
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- El Bracero Restaurant
- Accommodation and Food Services
- 4,025 SF
- -
- -
- Dec 2026
-
- Retailer
- 14,978 SF
- -
- TBD
- Jun 2033
Harbor Freight Tools began as a mail-order tool business in Southern California in 1977 and has since expanded into a retail and e-commerce company serving customers across the United States. The company sells a wide assortment of tools and equipment, including automotive products, hand tools, power tools, storage solutions, outdoor power equipment, generators, welding supplies, and shop equipment. Harbor Freight has built its business around value-focused sourcing and direct retail distribution, with stores supported by online shopping and customer support services. The business remains centered on serving DIY users, tradespeople, and other customers who need practical tools and equipment for everyday projects.
-
- Manufacturing
- 5,062 SF
- -
- -
- Aug 2028
Founded in 1866 by Henry Sherwin and Edward Williams in Cleveland, Sherwin-Williams grew from a paint business into a global company focused on paints, coatings, stains, and related products. The company serves professional, industrial, commercial, and consumer customers through manufacturing, distribution, and retail channels. Its portfolio includes architectural paints, protective and marine coatings, automotive finishes, and wood finishing products. Sherwin-Williams markets products under brands such as Valspar, Krylon, Minwax, Cabot, Dutch Boy, and HGTV HOME by Sherwin-Williams, reflecting a broad presence across multiple coatings and home-improvement verticals.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| El Bracero Restaurant | Accommodation and Food Services | 4,025 SF | - | - | Dec 2026 | |
|
|
Retailer | 14,978 SF | - | TBD | Jun 2033 | |
|
|
Manufacturing | 5,062 SF | - | - | Aug 2028 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Ideal for retail or commercial services.
- 1st Floor
- 46,000 SF
- Retail
- In-Line
- Now
Anchor, endcap and inline space available at the SEC of Franklin Street and US Hwy 20 in Michigan City, Indiana. Incredible visibility and frontage to Franklin Street. Pylon signage available. Spaces are all clean and well-maintained. Anchor space is 47,226 SF; endcap is 5,825 SF and inline space is 9,181 SF. Co-tenants include Harbor Freight Tools and Mexican restaurant outparcel. Franklin Street is the main retail corridor between downtown Michigan City and I-94.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 9,000 SF | Retail | In-Line | Now |
| 1st Floor | 46,000 SF | Retail | In-Line | Now |
| 4112 | 5,825 SF | Retail | End Cap | Now |
1st Floor
| Size |
| 9,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1st Floor
| Size |
| 46,000 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
4112
| Size |
| 5,825 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
1st Floor
| Size | 9,000 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Ideal for retail or commercial services.
4112
| Size | 5,825 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
Anchor, endcap and inline space available at the SEC of Franklin Street and US Hwy 20 in Michigan City, Indiana. Incredible visibility and frontage to Franklin Street. Pylon signage available. Spaces are all clean and well-maintained. Anchor space is 47,226 SF; endcap is 5,825 SF and inline space is 9,181 SF. Co-tenants include Harbor Freight Tools and Mexican restaurant outparcel. Franklin Street is the main retail corridor between downtown Michigan City and I-94.
Nearby Major Retailers
Property Taxes
| Parcel Number | 46-05-05-999-011.000-009 | Improvements Assessment | $120,300 |
| Land Assessment | $0 | Total Assessment | $120,300 |
Property Taxes
Contact the Sale Advisor
Michigan City Plaza | 4100-4112 Franklin St