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$ 1,590,000
Est. payment /mo
Price Dropped by $60K
521 Franklin ST Michigan City, IN 46360
21,057 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 21,057 sqft
Price per Sqft $75
MLS Listing ID 828505
Year Built 1880
Annual Tax Amount $11,988
Tax Year 2024
Lot Size 0.284 Acres
Acres 0.284
Property Sub-Type Mixed Use
Property Description
Prime Downtown Mixed-Use Building in the Arts District! Outstanding opportunity to own a 10-unit building right in the heart of the vibrant Arts District. The property features three street-level commercial spaces -- two versatile office/retail storefronts and one restaurant space with established infrastructure. Upstairs, you'll find seven unique apartments, each with its own character and layout, offering a mix of options for tenants seeking something distinctive. With a mix of 0pen loft-style stuidos and one-bedroom units, these apartments attract long-term renters who value individuality and prime downtown living. The building sits on a highly visible block surrounded by galleries, shops, and restaurants, making it a sought-after location for both commercial and residential tenants. Strong income from a diverse range of tenants make this a great investment opportunity.
Location
State IN
County La Porte
Interior
Heating Central
Fireplace N
Exterior
Exterior Feature None
View Y/N true
View true
Others
Tax ID 460129404021000022
Acceptable Financing NRA20250925203100120492000000
Listing Terms NRA20250925203100120492000000
Listed by Coldwell Banker Realty • Daren Huber