×
  • Left arrow.Go Back

  • Share

  • Add Note

  • Email to Friend

  • Ask a Question

  • Print

  • Heart Icon.Save

$339,000 ↓$30,000on 12/4/2024

1407 Franklin Street Michigan City, IN  46360

  • 4,336 sq. Ft

Video Chat

Schedule a Video Chat Tour

Property Description for 1407 Franklin Street Michigan City, IN 46360

Welcome to your next investment and lifestyle opportunity nestled in the heart of Michigan City, Indiana! This versatile mixed-use commercial property boasts an enviable location just moments away from the bustling new South Shore commuter train station, making it a prime spot for both locals and commuters alike. Imagine the endless possibilities as you step into this dynamic space, perfectly positioned whether you're dreaming of a vibrant cafe where commuters can grab their morning coffee or cater to a diverse array of businesses; a boutique retail space showcasing local artisans, or professional offices for entrepreneurs seeking a central hub, this property offers the ideal canvas to bring your vision to life. But it's not just about business - the upper level boasts a sprawling, 2,000 square foot exquisite residential unit with 3 bedrooms and 1 bath where sunlight streams through the oversized windows, casting a warm glow on the original hardwood floors below. Relax in the spacious living room, spacious for a oversized couch and complimented with a library nook. The gourmet kitchen awaits the culinary enthusiast while entertaining guests in the formal dining room, where intimate gatherings are elevated by the ambiance of days gone by and indulge in fireside chats with a glass of your favorite bourbon. Experience the timeless elegance of a bygone era in this meticulously preserved unit to make your home or generate income with a short-term rental. From the scenic shores of Lake Michigan to the charming boutiques and eateries of downtown Michigan City, there's no shortage of reasons for visitors to explore and discover what your establishment has to offer and your life desires. Seize the opportunity with the possibility of utilizing local improvement grants with the Michigan City Urban Enterprise Zone and the federally designated Opportunity Zone. Capture the moment to be a part of Michigan City's vibrant community and elevate your experiences to new heights!

Address:1407 Franklin Street Michigan City IN 46360
Status:Active
on site: 221 days
Price:$339,000
Bathrooms:0
Sq. Feet:4,336
Year Built:1928
Lot Size:0.05
County: La Porte
Township: Michigan
MLS #:803168
Property Type:Mixed Use

Lot Dimensions:25x95
Directions:North on Franklin Street, just past W Ripley St, on the West side of Franklin adjacent to an alley
Total Sq. Ft. :4,336
Basement:Yes

Loan Price
$1,913
Price And Interest $1,768/month
Property Tax $4/month
MTG INS $0/month
HOME INS $141/month
Price
$339,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$4/month
Home Owner Insurance
$1,692 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

DateOld PriceNew PricePercent Change
08/13/24 $369,000 $339,000 -8.13%
06/19/24 $399,000 $369,000 -7.52%

Semi-Annual Property Tax:$025
Tax Year:2023
Mandatory HOA Fee:$

Zip Code:46360

Total Sq. Ft.:4,336
Interior Features:Chandelier
Appliances:Built-In Refrigerator, Washer/Dryer Stacked, Water Heater, Refrigerator, Microwave, Gas Range
Exterior Features:None
Heat:Forced Air, Varies by Unit, Radiant
Jeff Safrin, REALTOR®/Broker, F. C. Tucker Company
Jeff Safrin
Additional Phone (219) 309-9930
F.C. Tucker Company

Schedule a Video Chat Tour

Listing provided courtesy of Giorgios Karayannis with @properties/Christie's Intl RE from NIRA as distributed by MLS GRID

Based on information submitted to the MLS GRID as of 05/04/2024 12:00 AM. 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.





Michigan City Market Report

110
Avg. DOM
$178.3
Avg. $ / Sq.Ft.
$ 238,900
Med. List Price

There is no data available at this time for Michigan City.

There is no data available at this time for Michigan City.

There is no data available at this time for Michigan City.

There is no data available at this time for Michigan City.

There is no data available at this time for Michigan City.

There is no data available at this time for Michigan City.

There is no data available at this time for Michigan City.

There is no data available at this time for Michigan City.

There is no data available at this time for Michigan City.

There is no data available at this time for Michigan City.

There is no data available at this time for Michigan City.