521 Franklin ST Active Save Request In-Person Tour Request Virtual Tour
Michigan City,IN 46360
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 21,057 sqft
Price per Sqft $78
MLS Listing ID 828505
Year Built 1880
Annual Tax Amount $11,988
Tax Year 2024
Lot Size 0.284 Acres
Property Sub-Type Mixed Use
Property Description
Prime Downtown Mixed-Use Building in the Arts District! Outstanding opportunity to own a 10-unit building right in the heart of the vibrant Arts District. The property features three street-level commercial spaces -- two versatile office/retail storefronts and one restaurant space with established infrastructure. Upstairs, you'll find seven unique apartments, each with its own character and layout, offering a mix of options for tenants seeking something distinctive. With a mix of 0pen loft-style stuidos and one-bedroom units, these apartments attract long-term renters who value individuality and prime downtown living. The building sits on a highly visible block surrounded by galleries, shops, and restaurants, making it a sought-after location for both commercial and residential tenants. Strong income from a diverse range of tenants make this a great investment opportunity.
Location
State IN
County La Porte
Interior
Heating Central
Exterior
Exterior Feature None
View Y/N true
View true
Others
Acceptable Financing NRA20250925203100120492000000
Listing Terms NRA20250925203100120492000000