Mixed-Use Property with Retail
For Sale
$499,000
1115 Franklin Street, Michigan City, IN 46360
Residential Income, Michigan City, IN
Property SizeContact for details
Lot Size0.06 Acres
Days on Market182
Property Features for 1115 Franklin Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bathrooms
1
Full bathrooms
1
Rooms
Basement, Bathroom 1
Parking features
On Street
Pets allowed
Call
Basement
Full
Appliances
Gas Range, Refrigerator
Subdivision
Land Companys Add
Lot features
Corner Lot
View
City
Elementary school district
Michigan City
Middle school district
Michigan City
High school district
Michigan City
Directions
North on Franklin from Highway 20
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
Legal 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
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Listing Agency:
Blackrock Real Estate Services
(219) 262-0086
Listed By:
Kimberly Fowler
(219) 331-5496
Added: Mar 17
Changed: Sep 13
Last Checked: Sep 14 at 9:06AM
MLS# 837999
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.
Investment Insights
Based on property information with market context.
This mixed-use property includes a street-level retail space, two residential apartments above, and a separate carriage house on a 0.06-acre lot. One apartment has been fully renovated, while the building has received a new roof in 2024, a furnace, 200 amp electrical service, and additional updates. The property was built in 1900 and is served by public water and public sewer, with forced-air, natural-gas heating.
All units are currently rented with active leases in place. The property is located at 1115 Franklin Street in Michigan City, one block from the South Shore train station. On-street parking is available, and the retail component benefits from street-level exposure within the downtown corridor.
All units are currently rented with active leases in place. The property is located at 1115 Franklin Street in Michigan City, one block from the South Shore train station. On-street parking is available, and the retail component benefits from street-level exposure within the downtown corridor.
Key Highlights
- Street‑level retail space with two apartments above
- Separate carriage house included
- All units rented with active leases in place
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,069
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased property combines street-level retail with two apartments and a separate carriage house.
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 $499,000.
What are key features of this property?
This property features: Street‑level retail space with two apartments above; Separate carriage house included; All units rented with active leases in place
