REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 650,000
Est. payment /mo
New
2701-03 Franklin ST Michigan City, IN 46360
4,157 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 4,157 sqft
Price per Sqft $156
MLS Listing ID 820160
Year Built 1925
Annual Tax Amount $3,549
Tax Year 2024
Lot Size 6,860 Sqft
Acres 0.1575
Property Sub-Type Office
Property Description
BEAUTIFULLY PRESENTED, VIBRANT LOCATION for this prized gem in your investment portfolio boasting a 9 percent cap rate. A low-maintenance, multi-unit commercial property is in the heart of the booming Michigan City's midtown area. This classic building has been brought into modern times completely renovated in 2020 and 2022 from floor to ceiling. Perfectly positioned on a corner of the bustling Franklin Street, poised to capture maximum visibility and foot traffic, ensuring sustained profitability for years to come. You will find intelligent updates throughout; 2-stage variable speed high-efficiency furnaces, 3-phase electric, all LED lighting, closed-cell insulation, Nova basement system, and many more advanced features to finish this impressive property that will leave you worry-free for years to come. Long-term tenants have already established a solid foundation, providing a steady income stream from day one. Feel secure with an optometry practice established in 1924 and an innovative salon as successful, long-term tenants providing reliability, securing this property's status as an exceptionally high return. Join the ranks of visionary investors who recognize this prime location and claim your stake in the future of Michigan City!
Location
State IN
County La Porte
Zoning Commercial
Interior
Interior Features Recessed Lighting
Fireplace N
Appliance Water Heater
Exterior
View Y/N true
View true
Building
Lot Description Corner Lot
Others
Tax ID 460132436008000022
Acceptable Financing NRA20250505203052907889000000
Listing Terms NRA20250505203052907889000000
Listed by @properties/Christie's Intl RE