1115 Franklin Street, Michigan City, IN 46360
Local realty services provided by:CENTURY 21 Circle
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
$549,000
- - Beds
- 1 Baths
- - sq. ft.
- Multi-family
- Active
Price summary
- Price:$549,000
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 located one block from the south shore train station. Whether you're looking to expand your portfolio or secure a stable, income-producing asset in a prime location, this property delivers on all fronts!...
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Home facts
- Year built:1900
- Listing ID #:837999
- Added:51 day(s) ago
- Updated:June 20, 2026 at 03:04 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:$549,000
- Tax amount:$4,618 (2025)
Parking
- Parking description:On Street
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