Loan Price
$6,056
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$1,075,000
731 Franklin Street Michigan City, IN 46360
- 12,000 sq. Ft
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Property Description for 731 Franklin Street Michigan City, IN 46360
Rare opportunity to own a fully occupied mixed use building in the Uptown Arts District of Michigan City. Vibrant corner location with high traffic count with 2 (potentially 3) ground level commercial spaces and 3 beautiful loft apartments above. Plenty on street public parking available and just steps from the seasonal Farmer's Market. Each residential loft is 2000 square feet and fully renovated. Two lofts have a rear deck/entry and designated parking (1 space per loft). Corner loft is accessed from side entry on 8th St. One loft unit is used as a STR. Huge potential in converting the remaining 2 loft apartments to short term rentals. Most units are currently occupied by long term tenants who already have 4+ years of occupancy and leases. Home to beloved and well established local businesses Hoity Toity and Mucho Mas. Building currently grosses over $117,000 annually.
Street View Not Available At this Location
Address:731 Franklin Street Michigan City IN 46360
Status:Active
on site: 79 days
Price:$1,075,000
Bathrooms:0
Sq. Feet:12,000
Year Built:1910
Lot Size:0.17
County: La Porte
Township: Michigan
MLS #:810711
Property Type:Mixed Use
Lot Dimensions:68 x 168
Directions:Franklin St. North to property at the corner of 8th & Franklin St. BUilding houses Hoity Toity & Mucho Mas
Total Sq. Ft. :12,000
Basement:Yes
Tax Year:2023
Mandatory HOA Fee:$
Total Sq. Ft.:12,000
Interior Features:Double Vanity, Track Lighting, Walk-In Closet(s), Vaulted Ceiling(s), Laminate Counters, Elevator
Appliances:Dishwasher, Stainless Steel Appliance(s), Washer, Refrigerator, Microwave, Gas Range, Gas Water Heater, Dryer, Disposal
Exterior Features:Private Entrance, Smart Lock(s), Rain Gutters
Heat:Forced Air, Separate Meters, Natural Gas
Jeff Safrin
Additional Phone (219) 309-9930
Email jeff.safrin@talktotucker.com
F.C. Tucker Company
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Listing provided courtesy of Michael Conner with @properties/Christie's Intl RE from NIRA as distributed by MLS GRID
Based on information submitted to the MLS GRID as of 09/26/2024 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
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