1115 Franklin Street, Michigan City, IN 46360
- $529,000
- 1
- BA
- List Price
- $529,000
- Price Change
- ▼ $20,000 1782167897
- Days on Market
- 133
- MLS#
- 837999
- Status
- ACTIVE
- Type
- Multifamily
- Bathrooms
- 1
- Full-baths
- 1
- Neighborhood
- Land Companys Add
Property Description
Prime investment opportunity in the heart of downtown Michigan City! Looking for a multi-unit property that also includes a retail space? This fully leased, mixed-use property offers immediate cash flow and long-term upside in a highly desirable location. The commercial building boasts a new roof (2024), furnace, 200 amp service and many other updates and improvements! The street-level retail space enjoys excellent visibility and steady foot traffic, making it an ideal anchor for the property. Two residential apartments above the retail space provide consistent rental income---one of which has been completely renovated with modern finishes, offering strong tenant appeal and reduced maintenance concerns. Adding further value is a separate carriage house, enhancing the overall versatility of the property. All units are currently rented with active leases in place, making this a true turnkey investment. Situated in a vibrant corridor of Michigan City, this property is conveniently located one block from the south shore train station. Whether you're looking to expand your portfolio or secure a stable, income-producing asset in a prime location, this property delivers on all fronts!
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Additional Information
- Taxes
- $4,618
- Acres
- 0.06
- Appliances
- Gas Range, Refrigerator
- Basement
- Yes
- Exterior Features
- None
- Heating
- Forced Air, Natural Gas
- School District
- Michigan City
- Sewer
- Public Sewer
- Utilities
- Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected
- Water
- Public
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Listing courtesy of Listing Agent: Kimberly Fowler from Listing Office: Blackrock Real Estate Services.
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