Mixed-Use Retail and
For Sale
$529,000
1115 Franklin Street, Michigan City, IN 46360
MULTI_FAMILY - Michigan City, IN
Lot Size0.06 Acres
Days on Market136
Property Features for 1115 Franklin Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1, Basement
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: Jul 18
Last Checked: Jul 30 at 1:06PM
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 fully leased mixed-use property includes street-level retail space with two residential apartments located above, plus a separate carriage house. Updates and improvements noted by the seller include a new roof completed in 2024, a furnace, and 200 amp electrical service.
The property is located at 1115 Franklin Street in Michigan City, Indiana, and is described as being one block from the South Shore train station.
With all units currently rented under active leases, the building offers an income-producing setup for an owner seeking a turnkey mixed-use configuration.
The property is located at 1115 Franklin Street in Michigan City, Indiana, and is described as being one block from the South Shore train station.
With all units currently rented under active leases, the building offers an income-producing setup for an owner seeking a turnkey mixed-use configuration.
Key Highlights
- Mixed‑use property with street‑level retail and two residential apartments above it
- Fully leased with active leases in place, with all units currently rented
- New roof in 2024, plus a furnace and 200‑amp service reported as updates
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
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 Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully leased mixed-use building with street-level retail, two apartments above, and a separate carriage house.
Where is this quadplex 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: Mixed‑use property with street‑level retail and two residential apartments above it; Fully leased with active leases in place, with all units currently rented; New roof in 2024, plus a furnace and 200‑amp service reported as updates
