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1115 Franklin Street, Michigan City, IN 46360

Michigan City
Local realty services provided by:CENTURY 21 Affiliated
Listed by: kimberly fowler
Office: blackrock real estate services219-262-0086
MLS#:837999
Source:Northwest Indiana AOR as distributed by MLS GRID
1115 Franklin Street,Michigan City, IN 46360
$499,000
  • - Beds
  • 1 Baths
  • - sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$499,000

About this home

Prime investment opportunity in the heart of downtown Michigan City! Looking for a multi-unit property that also includes a retail space? This fully leased, mixed-use property offers immediate cash flow and long-term upside in a highly desirable location. The commercial building boasts a new roof (2024), furnace, 200 amp service and many other updates and improvements! The street-level retail space enjoys excellent visibility and steady foot traffic, making it an ideal anchor for the property. Two residential apartments above the retail space provide consistent rental income---one of which has been completely renovated with modern finishes, offering strong tenant appeal and reduced maintenance concerns. Adding further value is a separate carriage house, enhancing the overall versatility of the property. All units are currently rented with active leases in place, making this a true turnkey investment. Situated in a vibrant corridor of Michigan City, this property is conveniently...

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Home facts

  • Year built:1900
  • Subdivision & Development:Land Companys Add
  • Listing ID #:837999
  • Added:187 day(s) ago
  • Updated:November 03, 2026 at 05:10 PM

Rooms and interior

  • Total bathrooms:1
  • Full bathrooms:1
  • Kitchen Description:Gas Range, Refrigerator
  • Basement:Yes
  • Basement Description:Basement

Structure and exterior

  • Year built:1900
  • Lot area:0.06 Acres
  • Lot Features:Corner Lot

Utilities

  • Water:Public

Finances and disclosures

  • Price:$499,000
  • Tax amount:$4,618 (2025)

Parking

  • Parking description:On Street
Based on information submitted to the MLS GRID as of November 3, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. IN_GNIAR Member Broker: Geri Rose

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