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1407 Franklin St, Michigan City, IN, 46360

3beds
2baths
--sqft
$299,000
--price/sqft
$2,092/moest. monthly cost
$83,680/yrincome needed

About This Home

Versatile mixed-use commercial property with classic architecture is ideally positioned near the new South Shore commuter train station and The Franklin at 11th Street Station, a landmark 12-story luxury apartment development bringing new energy, residents, and momentum to downtown Michigan City. With the South Shore Line connecting Chicago's Millennium Station near Millennium Park to the South Bend International Airport, this value-add asset offers exceptional visibility and accessibility for commuters, tourists, and local patrons alike. Whether your vision is a vibrant cafe or delicatessen for morning commuters, a boutique retail space showcasing local makers, or another business concept that serves Michigan City's growing downtown, this property provides the ideal canvas. The opportunity extends beyond the commercial space. The upper level features an impressive 2,000-square-foot residential unit with 3 bedrooms and 1 bath, offering flexibility for owner occupancy or potential short-term rental use. Sunlight fills the apartment through oversized windows, highlighting the original hardwood floors and timeless character throughout. The spacious living room includes a charming library nook, while the formal dining room creates an inviting setting for intimate gatherings and fireside conversations. From the scenic shores of Lake Michigan to downtown boutiques, restaurants, arts, entertainment, and the expanding commuter corridor, this property is surrounded by reasons for people to live, work, visit, and invest in Michigan City. Additional incentives may be available through local improvement grants connected to the Michigan City Urban Enterprise Zone and the federally designated Opportunity Zone.Bring your vision and a hammer to capture the moment to be a part of Michigan City's continued growth and position your business, investment, or lifestyle vision in one of the city's most exciting downtown locations.

Getting Around

87
WalkingVery Walkable
0
TransitVery Limited Transit
56
BikeBikeable

Schools

6/10
Knapp Elementary SchoolGrades PK-61.0 mi
3/10
Barker Middle SchoolGrades 7-80.4 mi
3/10
Michigan City High SchoolGrades 9-122.8 mi

Construction

Condition

  • Property condition: Fixer
  • Year built: 1928

Type & Style

  • Home type: MultiFamily
  • Property subType: Apartment

Interior

Appliances

  • Appliances included: Refrigerator,Microwave
  • Laundry features: Upper Level

Basement

  • Has basement: Yes
  • Basement: Storage Space,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • 1/2 bathrooms: 2

Features

  • Ceiling Fan(s),None
  • Number of fireplaces: 1
  • Fireplace features: Living Room
  • Fireplace: Yes
  • Finished area above ground: 4,336

Heating

  • Heating features: Baseboard,Forced Air

Property

Details

  • Parcel number: 460132228013000022
  • Zoning description: Commercial
  • Special condition: Standard

Features

  • Levels: Other
  • Exterior features: None
  • Has view: Yes
  • View description: City

Lot

  • Lot size: 2,278 sqft
  • Features: Near Public Transit

Parking

  • Parking features: On Street