Versatile Mixed-Use Investment
For Sale
Contact for pricing
1416 Franklin Street, Michigan City, IN 46360
Multi-tenant property near South Shore train station and luxury apartments.
Property SizeContact for details
Days on Market143
Property Features for 1416 Franklin Street
General Information
Standard status
Active
Total Parking Spaces
14
Property subtype
Mixed Use, Industrial, Retail, Office
Building Details
Year Built
1947
Listing Agency:
Coldwell Banker Real Estate Group
(312) 804-2193
Listed By:
Vince Kisala · License #RB14046307
Source:
Crexi
Added: Mar 22
Changed: Aug 8
Last Checked: Aug 11 at 6:29PM
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 Coldwell Banker Real Estate Group
Investment Insights
Based on property information with market context.
This versatile mixed-use property is designed for multi-tenant use, offering investment and income potential. It is located three blocks from the new South Shore train Station and "The Franklin" luxury apartment development. The street level along Franklin Street features a spacious three-office suite and a separate standalone retail space, suitable for various business uses. The second floor includes a residential unit with 2 bedrooms and 1.5 bathrooms, ideal for owner occupancy or rental income. At the rear of the property on Ripley Street is an industrial building, formerly used by a bolt company, which includes a loading dock and warehouse space, making it suitable for storage, light manufacturing, or distribution. The main building has a new roof installed in 2025. Located in a rapidly developing area with increasing foot traffic and investment, this property offers possibilities for entrepreneurs and investors.
Key Highlights
- Multi‑tenant property with strong investment and income potential.
- Located 3 blocks from the new South Shore train Station and "The Franklin" luxury apartment development.
- Includes a street‑level three‑office suite and a separate retail space.
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 Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-tenant property near South Shore train station and luxury apartments.
Where is this mixed-use property located?
The property is located at 1416 Franklin Street Michigan City, IN.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Multi‑tenant property with strong investment and income potential.; Located 3 blocks from the new South Shore train Station and "The Franklin" luxury apartment development.; Includes a street‑level three‑office suite and a separate retail space.
