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    523 Franklin St Michigan City, IN 46360

    For Lease
    $2,000 /Mo ($6 SF/Yr)

    Retail - Michigan City, IN

    Type:Retail
    Property size:
    3,932 SF
    Lot size:
    0.14 Acres
    Days on Market:
    142
    Last Refresh:
    Dec 5 at 2:06 am

    Property Features for 523 Franklin St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    Parking features
    On Street
    Size
    3,932 SF
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Central, Forced Air, Natural Gas

    Building Details

    Year built
    1880
    Architectural style
    Other

    Coldwell Banker Residential (847) 404-8900 [email protected]

    Listing agent Daren Huber (847) 404-8900 License #RB15000509

    Listing date Jul 17, 2025

    MLS# 824406 Listing URL

    Copyright © 2025 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.

    Overview

    Franklin Street Retail Space Available

    This high-visibility storefront on Franklin Street in the Uptown Arts District of Michigan City, Indiana, presents an opportunity for a small business. The property features a bright, open commercial space with an exposed brick wall, can lights, a vestibule, and a closet or changing room. The rear of the space, accessible via a few steps, includes a kitchenette, storage or inventory rooms, and a powder room. The property offers nearly 4,000 square feet of commercial space on a lot of 0.1406 acres.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Michigan City
    County
    LaPorte
    State
    Indiana
    Longitude
    -86.901798
    Latitude
    41.716323

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    FAQs

    What type of property is this?
    Retail space - High-visibility storefront in the Uptown Arts District.
    Where is this retail space located?
    The property is located at 523 Franklin St Michigan City, IN.
    What is the lease rate?
    The lease rate is $6 SF/Yr.
    What are key features of this property?
    This property features: - High visibility storefront on Franklin St. in the Uptown Arts District.; - Approximately 4,000 sq ft of commercial space.; - Features a bright, open commercial space.
    (847) 404-8900
    Request Owner's contact information
    523 Franklin St Michigan City, IN 46360
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    Michigan City, IN 46360
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    523 Franklin St Michigan City, IN 46360
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