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    710 Franklin St Michigan City, IN 46360

    For Lease
    $21,730

    COMMERCIAL - Michigan City, IN

    Property size:
    21,730 SF
    Lot size:
    0.46 Acres
    Days on Market:
    23
    Last Refresh:
    Dec 11 at 1:06 pm

    Property Features for 710 Franklin St

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Lease
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Rooms
    Basement
    APN
    460129412002000022
    Parking features
    Off Street, Parking Lot
    Exterior features
    Lighting
    Basement
    Block
    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

    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

    Michigan City Mixed-Use Opportunity

    This highly desirable property in Michigan City, Indiana, offers options for lease. The property is best suited for mixed-use development, with potential for conversion into apartments or lofts on the second floor and commercial retail on the first floor, along with development of the parking lot. The 21,730 square foot building is located 4 blocks from the train station, which features a new double track express train to Chicago, near new residential and commercial developments. Situated 1.2 miles from Lake Michigan, this lakefront community is poised for growth. The property has 600 AMP service and is located in a TIF and opportunity zone. Facade grants are available. Future restaurant owners or tenants can also obtain a 3-way liquor license. The 0.46-acre lot is located at 710 Franklin Street. The average lease price is $12.00 per square foot annually. The highest and best use would be offices for mid to large offices or businesses. Utilities are subject to negotiation.
    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

    Nearby Similar for Lease

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    • $9 SF/Yr
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    FAQs

    What type of property is this?
    Office space - Desirable property suitable for offices, retail, or mixed-use development.
    Where is this office space located?
    The property is located at 710 Franklin St Michigan City, IN.
    What are key features of this property?
    This property features: - Prime location: Just 4 blocks from the train station with express service to Chicago, near new residential and commercial developments.; - High potential for mixed-use development: Ideal for conversion into apartments/lofts, commercial retail, and parking lot development.; - Located in a TIF and opportunity zone with facade grants available.
    (219) 378-8308
    Request Owner's contact information
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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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