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5510 Franklin St 12,000 SF of Retail Space Available in Michigan City, IN 46360
Highlights
- Freestanding retail building with generous 17,016 SF footprint available for lease.
- Surrounded by national tenants and adjacent to prominent healthcare and service destinations.
- Convenient access to I-94 and U.S. Highway 20, with strong traffic counts and customer draw.
- Excellent visibility along Franklin Street within Michigan City's concentrated retail corridor.
- Recent enhancements include updated façade, landscaping, and refreshed interior finishes.
- Thoughtfully designed interior layout supports a variety of retail concepts and merchandising needs.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 12,000 SF | Negotiable | $19.00 /SF/YR $1.58 /SF/MO $228,000 /YR $19,000 /MO | Triple Net (NNN) |
1st Floor
5510 Franklin Street offers a premier retail opportunity in Michigan City’s primary commercial corridor. Positioned on heavily traveled Franklin Street, this property ensures visibility and accessibility within a competitive market. The building features expansive glass frontage and a flexible, open floor plan that supports diverse merchandising configurations. Ample parking enhances the customer experience, while updated exterior elements and professional landscaping create a polished image for attracting clientele. The property benefits from proximity to established national retailers and high-traffic destinations, providing strong co-tenancy dynamics. Its location near a major hospital and within easy reach of regional highways, including I-94 and U.S. 20, ensures consistent vehicle flow and consumer density. Mechanical systems, efficient ceiling heights, and clear sightlines enhance operations and retail branding potential. Businesses seeking a well-maintained facility in a proven retail hub will find this opportunity compelling.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at 5510 Franklin St, Michigan City, IN 46360
- Tenant
- Description
- US Locations
- Reach
- Northwest Cancer Center
- MD/DDS
- 2
- Local
| Tenant | Description | US Locations | Reach |
| Northwest Cancer Center | MD/DDS | 2 | Local |
Property Facts
| Total Space Available | 12,000 SF | Gross Leasable Area | 16,950 SF |
| Property Type | Retail | Year Built | 1995 |
| Property Subtype | Freestanding | Parking Ratio | 2.95/1,000 SF |
| Total Space Available | 12,000 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 16,950 SF |
| Year Built | 1995 |
| Parking Ratio | 2.95/1,000 SF |
About the Property
The property is located at 5510 Franklin Street in Michigan City, LaPorte County, Indiana. It consists of a single-story retail building totaling 17,016 square feet, positioned along a major thoroughfare in the city’s northern retail corridor. The site offers surface parking, open-span interior layout, and large display windows. Major arterial connections in the area include Interstate 94 and U.S. Route 20, providing regional connectivity. The surrounding commercial district features various national retailers, restaurants, and service providers.
- Pylon Sign
Nearby Major Retailers
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5510 Franklin St
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