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
November 22, 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
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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