$1,250,000
$1,600,000
21.9%For more information regarding the value of a property, please contact us for a free consultation.
710 Franklin ST Michigan City, IN 46360
21,730 SqFt
Key Details
Sold Price $1,250,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 21,730 sqft
Price per Sqft $57
Subdivision Lytles Sub
MLS Listing ID 814372
Year Built 1914
Annual Tax Amount $10,190
Tax Year 2023
Lot Size 0.460 Acres
Property Sub-Type Retail
Property Description
Highly desirable property with options. Currently, this building is also being offered for Lease. The highest and best use would be offices for mid to large offices/ businesses. Average price $12.00 per sq ft annually. This property would be ripe for conversion into apartments/lofts on the second floor, commercial retail on the first floor, and developing of the parking lot. This area is best suited for Mixed-use. See attached survey. This building is 4 blocks to the train with the new double track, express train to Chicago and all the new residential and commercial development that is currently on the way. Michigan City is set to be the next "it spot" and is only 1 hr. from Chicago and 20 mins to Michigan. 1.2 miles from Lake Michigan. This Lakefront community is poised to be the place to be. The building has 600AMP service and is located in a TIF and opportunity zone. Facade grants are available. Future restaurant owners or tenants can also obtain a 3-way liquor license. Don't miss this opportunity.
Location
State IN
County La Porte
Interior
Heating Forced Air
Exterior
Exterior Feature Lighting
View Y/N true
View true
Building
Lot Description Corner Lot, Views, Near Public Transit
Others
Acceptable Financing NRA20241120201551845933000000
Listing Terms NRA20241120201551845933000000
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Bought with Non Member
NEARBY SCHOOLS & BUSINESSES