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Turnkey Multi-Unit Retail Building
For Sale
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2701 Franklin St, Michigan City, IN 46360

Renovated retail building featuring modern energy and electrical systems, with long-term optometry and salon tenants.

Property SizeContact for details
Days on Market132

Property Features for 2701 Franklin St

General Information

Standard status Active
Property subtype Retail

Additional Details

Heavy Power Yes

Building Details

Year Renovated 2021
Tenancy Multi
Listing Agency: @properties Christie's International Real Estate
Listed By: Giorgios Karayannis · License #IN RB18001251
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 22 at 9:55AM

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 @properties Christie's International Real Estate

Investment Insights

Based on property information with market context.

This beautifully presented, turnkey multi-unit retail building has been renovated floor to ceiling in 2020 and 2021. The property includes upgraded mechanical and electrical systems such as 2-stage variable speed high-efficiency furnaces, 3-phase electric service, all LED lighting, and closed-cell insulation. Additional improvements referenced in the public remarks include a Nova basement system.

The building is positioned on a corner of Franklin Street in Midtown Michigan City, designed to provide strong street presence. Long-term tenants already in place include an optometry practice established in 1924 and an innovative salon.

The current configuration supports two established retail tenants within a fully modernized building, with upgrades intended to reduce ongoing maintenance concerns and support continued operations.

Key Highlights

  • Retail/multi‑unit commercial building renovated floor to ceiling in 2020 and 2021
  • Corner location on Franklin Street in Michigan City’s midtown area with long‑term tenant occupancy
  • Upgraded systems include 2‑stage variable speed high‑efficiency furnaces and all LED lighting

Property Analytics

Current Use

DUNES OPTICAL Physician Zaknoun Laura G ... Physician Dr. Julie Dabkowski Physician Laura Zaknoun Physician

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Spa & Massage Center Accounting Firm Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy
Yes
Heavy power

Location Intelligence

Trade Area within ½ mile

523
Businesses Nearby

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

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Renovated retail building featuring modern energy and electrical systems, with long-term optometry and salon tenants.
Where is this retail space located?
The property is located at 2701 Franklin St Michigan City, IN.
What are key features of this property?
This property features: Retail/multi‑unit commercial building renovated floor to ceiling in 2020 and 2021; Corner location on Franklin Street in Michigan City’s midtown area with long‑term tenant occupancy; Upgraded systems include 2‑stage variable speed high‑efficiency furnaces and all LED lighting
(219) 805-6754 Call to check price and availability
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