Active

731 Franklin Street

Michigan City IN, 46360

$1,075,000


$89.58 per sqft

Active

12,000 sqft

Commercial

Built in 1910

Rare opportunity to own a fully occupied mixed use building in the Uptown Arts District of Michigan City. Vibrant corner location with high traffic count with 2 (potentially 3) ground level commercial spaces and 3 beautiful loft apartments above. Plenty on street public parking available and just steps from the seasonal Farmer's Market. Each residential loft is 2000 square feet and fully renovated. Two lofts have a rear deck/entry and designated parking (1 space per loft). Corner loft is accessed from side entry on 8th St. One loft unit is used as a STR. Huge potential in converting the remaining 2 loft apartments to short term rentals. Most units are currently occupied by long term tenants who already have 4+ years of occupancy and leases. Home to beloved and well established local businesses Hoity Toity and Mucho Mas. Building currently grosses over $117,000 annually.

810711

MLS ID

September 26, 2024

Listed

December 4, 2024

Updated

Map

731 Franklin Street
Michigan City IN, 46360

Interior Features

Total Stories

2


Interior Features

Double Vanity, Track Lighting, Walk-In Closet(s), Vaulted Ceiling(s), Laminate Counters, Elevator


Appliances

Dishwasher, Stainless Steel Appliance(s), Washer, Refrigerator, Microwave, Gas Range, Gas Water Heater, Dryer, Disposal


Laundry Description

Gas Dryer Hookup, Washer Hookup, In Unit


Floor Description

Other, Wood, Tile


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Natural Gas, Forced Air, Separate Meters

Exterior/Building Features

Lot Size

0.17 Acres


Exterior Features

Private Entrance, Rain Gutters


Lot Features

City Lot, Rectangular Lot, Level, Corner Lot


Roof

Flat, Rubber, Membrane


Sewer

Public Sewer

Other Property Details

Taxes

$7,777


Tax Frequency

Annually


Days on Market

69


Garage

No


Parking

Asphalt, On Street, Private, Paved


Parking Total

3


View

Yes


View Description

Neighborhood


County

La Porte


Municipality

Michigan


Water Source

Public


Pool

No


Zoning

Commercial

Courtesy of @properties/Christie's Intl RE, Michael Conner,
Listing Contact:  

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