$1,600,000

Est. payment - /mo

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21,730 SqFt

Active

710 Franklin Street Michigan City, IN 46360

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Carol Vieceli

listwithcarolv@gmail.com +1(219) 299-3357

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 21,730 sqft

Price per Sqft $73

Subdivision Lytles Sub

MLS Listing ID 814372

Year Built 1914

Annual Tax Amount $10,190

Tax Year 2023

Lot Size 0.460 Acres

Lot Dimensions 61FTx167FT

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

Rooms

Basement Concrete

Interior

Interior Features Storage

Heating Forced Air

Cooling Central Air

Flooring Carpet, Laminate

Fireplace No

Exterior

Exterior Feature Lighting

Parking Features Additional Parking, Off Street, Paved, Parking Lot

Utilities Available Cable Available, Water Available, Electricity Available, Sewer Available, Phone Available, Natural Gas Available

Roof Type Flat

Building

Lot Description Corner Lot, Views, Near Public Transit

Story 2

Foundation Block

Structure Type Block,Brick

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by McColly Real Estate

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(219) 299-3357

listwithcarolv@gmail.com

310 E Lincolnway, Valparaiso, IN, 46383, USA