$ 339,000
1407 Franklin ST Michigan City, IN 46360
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$ 339,000
Est. payment | /mo
4,336 SqFt
$ 339,000
Est. payment | /mo
4,336 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,336 sqft
Price per Sqft $78
MLS Listing ID 803168
Year Built 1928
Annual Tax Amount $4,269
Tax Year 2023
Lot Size 2,178 Sqft
Acres 0.05
Lot Dimensions 25x95
Property Description
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!
Location
State IN
County La Porte
Interior
Interior Features Chandelier
Heating Forced Air, Varies by Unit, Radiant
Fireplace N
Appliance Built-In Refrigerator, Washer/Dryer Stacked, Water Heater, Refrigerator, Microwave, Gas Range
Exterior
Exterior Feature None
View Y/N true
View true
Building
Lot Description Near Public Transit
Others
Tax ID 460132228013000022
Acceptable Financing NRA20240502122112788685000000
Listing Terms NRA20240502122112788685000000
Listed by @properties/Christie's Intl RE