Mixed-Use Investment Opportunity

1115 Franklin Street, Michigan City, IN 46360

View on Map

For Sale

$549,000

MULTI_FAMILY - Michigan City, IN

Lot size:

0.06 Acres

HighLights

Prime downtown Michigan City location, one block from the South Shore train station.
Fully leased, mixed‑use property with immediate cash flow and long‑term upside.
Street‑level retail space with excellent visibility and steady foot traffic.
New roof (2024), furnace, and 200 amp service.
One residential apartment completely renovated with modern finishes.
Separate carriage house adds versatility to the property.

We can help!

Listing Contact

Kimberly Fowler

For Sale

$549,000

MULTI_FAMILY - Michigan City, IN

Lot size:

0.06 Acres

Added:: Mar 17, 2026
Days on Market:: 91
Last Refresh:: Jun 15 at 9:06 am

Property Features for 1115 Franklin Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Bathrooms: 1
Rooms: Basement, Bathroom 1
Parking features: On Street
Pets allowed: Call
Basement: Full
Appliances: Gas Range, Refrigerator
Standard status: Active
APN: 460129466015000022
Lot size: 0.06 Acres

Taxes and HOA fees

Tax Year: 2025
Tax Description: 42-01-29-466-015 LAND CO 23-1/2 FT S SD LTS 12 & 13 BLK 95 & 23-1/2 FT S SD LT 9 EX 15 FT W SD LT 9 BLK 95
Tax Annual Amount: 4618

Utilities

Sewer type: Public Sewer
Heating system: Forced Air, Natural Gas
Water source: Public

Building Details

Year built: 1900
Floors in Building: 2

We can help!

Listing Contact

Kimberly Fowler

Listing agent Kimberly Fowler

Listing office Blackrock Real Estate Services 179 South Calumet, portage, IN

Listing date Mar 17, 2026

MLS# 837999 Listing URL

Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HighLights

Prime downtown Michigan City location, one block from the South Shore train station.
Fully leased, mixed‑use property with immediate cash flow and long‑term upside.
Street‑level retail space with excellent visibility and steady foot traffic.
New roof (2024), furnace, and 200 amp service.
One residential apartment completely renovated with modern finishes.
Separate carriage house adds versatility to the property.

Overview

This mixed-use property in downtown Michigan City presents an investment opportunity. The fully leased property includes a retail space and residential units, offering immediate cash flow. The commercial building features a new roof installed in 2024, a new furnace, and 200 amp service, along with other updates. The street-level retail space benefits from high visibility and foot traffic. Two residential apartments are located above the retail space, providing rental income; one apartment has been renovated with modern finishes. A separate carriage house adds to the property's versatility. All units are currently rented with active leases in place. The property is located in a vibrant area of Michigan City, one block from the south shore train station.

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Location Insight

Map
Local Demand

City: Michigan City
County: LaPorte
State: Indiana
Longitude: -86.898957
Latitude: 41.710713

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For sale
Mixed-use properties
IN
Michigan City
46360
1115 Franklin Street

What type of property is this?

Mixed-use property - Fully leased mixed-use property with retail and residential units.

Where is this mixed-use property located?

The property is located at 1115 Franklin Street Michigan City, IN.

What is the asking price?

The asking price for this property is $549,000.

What are key features of this property?

This property features: Prime downtown Michigan City location, one block from the South Shore train station.; Fully leased, mixed‑use property with immediate cash flow and long‑term upside.; Street‑level retail space with excellent visibility and steady foot traffic.

1115 Franklin Street, Michigan City, IN 46360

MULTI_FAMILY - Michigan City, IN

Property Features for 1115 Franklin Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Remodeled Office Building with Parking

Move-In Ready Event Space

Versatile Commercial Property in Michigan City

Restaurant with Income-Generating Home

Two-Building Commercial Parcel

Michigan City Commercial Property For Sale

Office Building with Upstairs Apartment

High-Visibility Commercial Redevelopment Opportunity

Michigan City Multifamily Airbnb Property

Michigan City Multi-Family Property

Prime Location Commercial Building

Five-Unit Residential Income Building

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