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717 Michigan AVE La Porte, IN 46350
20,868 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 20,868 sqft
Price per Sqft $29
MLS Listing ID 842455
Year Built 1889
Annual Tax Amount $7,128
Tax Year 2024
Lot Size 5,566 Sqft
Acres 0.1278
Property Sub-Type Mixed Use
Property Description
An iconic three-story commercial building totaling approximately 20,868 SF, prominently located in the heart of historic downtown LaPorte. This well-maintained property offers a compelling blend of stable occupancy and future value-add potential. The first floor is fully leased to long-term tenants with a proven payment history. The second floor is home to the seller's accounting firm. The third floor presents a standout creative opportunity. Currently listed for lease, the space features an expansive 2,312 SF open-concept area with dramatic 20-foot ceilings, hardwood flooring, oversized windows, and exceptional natural light. Three additional rooms make up this future lease space. A leased apartment is also located on the third floor, accessible via elevator and stairwell. This expansive open area is an ideal setting for a dance studio, yoga or wellness space, martial arts or karate dojo, or a creative office or studio concept. For buyers looking long-term, the layout and ceiling height also offer a unique opportunity to build out multifamily penthouse suites, blending historic character with modern living all in the heart of downtown LaPorte. This space is a blank canvas ready to be transformed. An elevator services all floors and is professionally inspected and maintained annually. The full basement offers excellent storage or future leasing potential and features its own exterior access opening the door to creative adaptive reuse opportunities such as a private lounge, event space, or speakeasy concept (subject to approvals). Conveniently located near major transportation routes with immediate access to Highway 35/39 and State Road 2. Property qualifies for the Urban Enterprise Grant Program (more information in the document section). Full rent roll document is also available in the document section. Seller is highly motivated and ready for negotiations.
Location
State IN
County La Porte
Interior
Heating Forced Air
Fireplace N
Exterior
View Y/N true
View true
Accessibility Accessible Approach with Ramp
Handicap Access Accessible Approach with Ramp
Building
Lot Description Corner Lot
Others
Tax ID 460635439012000043
Acceptable Financing NRA20260717142534789425000000
Listing Terms NRA20260717142534789425000000
Listed by Blackrock Real Estate Services • Angela Carr