Mixed-Use Property Near Train
For Sale
Contact for pricing
1115 Franklin Street, Michigan City, IN 46360
Fully leased mixed-use property with retail and residential units.
Property SizeContact for details
Days on Market147
Property Features for 1115 Franklin Street
General Information
Standard status
Active
Property subtype
Multifamily
Building Details
Year Built
1900
Listing Agency:
Blackrock Real Estate Services
Listed By:
Kimberly Fowler · License #RB21000186
Source:
Crexi
Added: Mar 18
Changed: Aug 8
Last Checked: Aug 11 at 4:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Blackrock Real Estate Services
Investment Insights
Based on property information with market context.
This mixed-use property is located in downtown Michigan City, one block from the south shore train station. The property features a street-level retail space with high visibility and foot traffic. Above the retail space are two residential apartments, one of which has been renovated with modern finishes. A separate carriage house adds to the property's versatility. All units are currently rented with active leases. This property is positioned as an investment opportunity in a desirable location, offering immediate cash flow and long-term potential.
Key Highlights
- Prime downtown Michigan City location, one block from the South Shore train station.
- Fully leased, mixed‑use property providing immediate cash flow.
- Street‑level retail space with excellent visibility and foot traffic.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
982
Businesses Nearby
Explore this area
Business Placement
Demographics for 46360, IN
44,209
Population
21,652
Households
2
Avg Household Size
42
Median Age
23%
College-Educated
90%
High-School Grad
76.6 sq mi
ZIP Area
577
Density / Sq Mi
$59,641
Median Household Income
$36,738
Median Earnings
$924
Median Rent
$155,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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 $529,000.
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 providing immediate cash flow.; Street‑level retail space with excellent visibility and foot traffic.
