Office Building with Upstairs
2710 Franklin Street, Michigan City, IN 46360
COMMERCIAL - Michigan City, IN
Property size:
2,544 SFLot size:
0.19 AcresPrice / SF:
$145/SF- Added:
- May 8, 2026
- Days on Market:
- 52
- Last Refresh:
- Jun 28 at 5:06 am
Property Features for 2710 Franklin Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 10
- Parking features
- On Street, Garage
- Security features
- Security System
- Interior features
- Stone Counters
- Exterior features
- Private Yard
- Basement
- Full
- Accessibility
- Accessible Approach with Ramp
- Appliances
- Refrigerator
- Standard status
- Active
- APN
- 460133309003000022
- Size
- 2,544 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- 42-01-33-309-003 SANBORNS 4TH LT 3 BLK 42.
- Tax Annual Amount
- 3409
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Central
- Water source
- Public
Building Details
- Year built
- 1904
Listing agent Cynthia Schoof (219) 363-9979
Listing office McColly Real Estate 323 Pine Lake St, Schererville, IN (219) 325-4404
Listing date May 8, 2026
MLS# 838552
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.
HighLights
- Built in 1904 with public water and public sewer service
- Commercial front includes six offices plus reception area and multiple enclosed office spaces
- Two conference areas and a large open area with access to a second bathroom
- Basement and rear garage, with a handicap accessible ramp and additional parking
- Includes a private yard and a two‑bedroom apartment upstairs with a back entrance for extra income
Overview
This office building is described as being in pristine condition and has been used for a law office and later as a Goodwill business office. The main level includes six offices at the front with access to reception and conference space, plus a waiting area with four enclosed offices. Additional amenities noted include an alarm system and a handicap entrance. There is also a basement and a rear garage, along with a side manicured lawn area.
Access and entries include a back entrance that serves the upstairs apartment. The building’s layout also supports operational flow between front office space and additional shared areas, including a bathroom connected to an open conference area. A rear area features a handicap-accessible ramp and additional parking, supporting accessibility beyond the front handicap entrance. The front office area is described as looking out onto Franklin Street.
For tenants, buyers, or operators, the combination of dedicated office rooms, conference space, and reception areas can support professional use while keeping common functions organized. The second level includes a two-bedroom apartment, which may be useful for owner-occupancy, supplemental income, or housing an on-site manager, using the separate back entrance. With an alarm system, handicap-accessible features, and rear garage and parking, the property is positioned for practical, mixed-use operations.
Access and entries include a back entrance that serves the upstairs apartment. The building’s layout also supports operational flow between front office space and additional shared areas, including a bathroom connected to an open conference area. A rear area features a handicap-accessible ramp and additional parking, supporting accessibility beyond the front handicap entrance. The front office area is described as looking out onto Franklin Street.
For tenants, buyers, or operators, the combination of dedicated office rooms, conference space, and reception areas can support professional use while keeping common functions organized. The second level includes a two-bedroom apartment, which may be useful for owner-occupancy, supplemental income, or housing an on-site manager, using the separate back entrance. With an alarm system, handicap-accessible features, and rear garage and parking, the property is positioned for practical, mixed-use operations.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $38.2k | $15.00 |
| − Vacancy | −$3.5k | −$1.38 |
| EGI | $34.6k | $13.62 |
| − OpEx | −$8.7k | −$3.41 |
| NOI | $26.0k | $10.22 |
2,544 SF · lease $15.00/SF/yr · vacancy 9.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$371.2K
$324.8K – $433.1K
NOI $25,987 @ 7.0% cap · market cap 7.03%
Second Best
Apartment 5plus
$292.3K
$255.8K – $341.1K
NOI $20,463 @ 7.0% cap · market cap 5.53%
Theoretical Best
Specialty Retail
$707.2K
$618.8K – $825.1K
NOI $49,507 @ 7.0% cap · market cap 13.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Law Firm Of Alan ...
Law Firm
Schmidt, Whitten & Whitten
Law Firm
Life Planning Inc
Insurance Agency
Location Insight
- Map
- Local Demand
- City
- Michigan City
- County
- LaPorte
- State
- Indiana
- Longitude
- -86.893764
- Latitude
- 41.699719
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Well-kept office building with multiple enclosed offices, conference areas, and a two-bedroom apartment for added flexibility.
Where is this mixed-use property located?
The property is located at 2710 Franklin Street Michigan City, IN.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Built in 1904 with public water and public sewer service; Commercial front includes six offices plus reception area and multiple enclosed office spaces; Two conference areas and a large open area with access to a second bathroom
