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    710 Franklin St Michigan City, IN 46360

    For Sale
    $1,600,000

    SINGLE_FAMILY - Michigan City, IN

    Type:Retail
    Property size:
    21,730 SF
    Lot size:
    0.46 Acres
    Days on Market:
    25
    Last Refresh:
    Dec 13 at 2:06 pm

    Property Features for 710 Franklin St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential
    Property subtype
    Retail
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Basement
    APN
    640924133002000004
    Parking
    28
    Parking features
    Off Street, Parking Lot
    Interior features
    Storage
    Exterior features
    Lighting
    Basement
    Concrete
    Size
    21,730 SF
    Lot size
    0.46 Acres

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1914
    Additional Structures
    Storage

    McColly Real Estate (219) 864-7200 [email protected]

    Listing agent Michael Becze (219) 378-8308

    Listing date Nov 19, 2025

    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

    Mixed-Use Property Near Chicago Train

    This property presents multiple options and is currently offered for lease. Its highest and best use is for mid to large offices or businesses, with an average price of $12.00 per square foot annually. The property is suitable for conversion into apartments or lofts on the second floor, with commercial retail on the first floor, and development of the parking lot. The area is best suited for mixed-use development. The building is located four blocks from the train, which offers express service to Chicago, and is near new residential and commercial developments. Michigan City is approximately one hour from Chicago and 20 minutes from Michigan, and 1.2 miles from Lake Michigan. The building has 600 AMP service and is located in a TIF and opportunity zone. Facade grants are available. Future restaurant owners or tenants can obtain a 3-way liquor license. The lot size is 0.46 acres and the property size is 21730 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Jay T. ... Family Practice Physician Coinhub Bitcoin ATM ... Atm Brittanie Lee Patel Dentist Dr. John Avila Dentist Gaurav Desai Dentist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Michigan City
    County
    LaPorte
    State
    Indiana
    Longitude
    -86.900097
    Latitude
    41.714795

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property near train to Chicago with development potential.
    Where is this mixed-use property located?
    The property is located at 710 Franklin St Michigan City, IN.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: - Prime location: Just 4 blocks to the train with express service to Chicago, and near new residential/commercial development.; - Mixed-use potential: Ideal for conversion to apartments/lofts, retail, and parking lot development.; - Investment incentives: Located in a TIF and opportunity zone with facade grants available.
    (219) 378-8308
    Request Owner's contact information
    710 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
    710 Franklin St Michigan City, IN 46360
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