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    Move-In Ready Office Building Title is generated by Realmo AI

    2814 Franklin St, Michigan City, IN 46360

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    For Sale
    $749,000

    Bright, fully remodeled office building with ADA access and a 27-space private parking lot.

    Property size:
    3,960 SF
    Price / SF:
    $189/SF
    Added:
    Mar 30, 2026
    Days on Market:
    79
    Last Refresh:
    Jun 16 at 4:23 am

    Property Features for 2814 Franklin St

    General Information

    Standard status
    Active
    Size
    3,960 SF

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    Listing Contact
    Zane Galloway

    Listing agent Zane Galloway License #RB16000549

    Listing office Coldwell Banker Realty

    Listing date Mar 30, 2026

    Source Exprealty

    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 Realty

    HighLights

    • Move‑in ready office building professionally remodeled in 1994 on Franklin St in the Edgewood neighborhood
    • 27‑space private parking lot with multiple points of ingress/egress
    • 10 offices plus a large reception area and waiting room, with 2 offices sized for conference use
    • ADA compliant with two ADA bathrooms and ramp access from the parking lot
    • Skylights provide natural light through the hallways; includes two testing rooms and multiple storage rooms
    • Roof upgrades: new vinyl roof and underlayment insulation (2016) and IB roof coating (2024); irrigated landscaping and active Sentinel Alarm security system

    Overview

    Move-in ready office building constructed with CMU block, brick, and stucco, professionally designed and fully remodeled in 1994. The interior features a bright waiting room and a large reception area with space for four support staff members, with skylights that carry natural light through the hallways. The office layout includes 10 offices, including two sized for conference use, as well as two small testing rooms between the hall and reception area. Additional storage rooms support organized and secure storage of sensitive documents. A utility room offers both interior and exterior access for easier building maintenance.

    Located along Franklin St in the Edgewood neighborhood, the property is supported by a large private parking lot with 27 spaces and multiple points of ingress and egress. The building provides ADA compliance with two ADA bathrooms and ramp access from the parking lot. There is also a designated break area and employee bathroom.

    This property is well suited for an owner-occupant or a professional services user that needs a reception-centric front area, multiple private offices, and dedicated testing or consultation rooms. The layout also allows for the potential of multiple tenants, while updates including a new vinyl roof and underlayment insulation in 2016, an IB roof coating in 2024, irrigated landscaping, and an active security system via Sentinel Alarm help support day-to-day 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 $59.4k $15.00
    − Vacancy −$5.5k −$1.38
    EGI $53.9k $13.62
    − OpEx −$13.5k −$3.41
    NOI $40.5k $10.22
    3,960 SF · lease $15.00/SF/yr · vacancy 9.20% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $577.9K
    $505.6K – $674.2K (±1% cap)
    NOI $40,451 @ 7.0% cap · market cap 5.40%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $1.10M
    $963.3K – $1.28M (±1% cap)
    NOI $77,063 @ 7.0% cap · market cap 10.29%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Brennen Constance Counselor

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Michigan City
    County
    LaPorte
    State
    Indiana
    Longitude
    -86.8939187
    Latitude
    41.6988025

    FAQs

    What type of property is this?
    Office building - Bright, fully remodeled office building with ADA access and a 27-space private parking lot.
    Where is this office building located?
    The property is located at 2814 Franklin St Michigan City, IN.
    What is the asking price?
    The asking price for this property is $749,000.
    What are key features of this property?
    This property features: Move‑in ready office building professionally remodeled in 1994 on Franklin St in the Edgewood neighborhood; 27‑space private parking lot with multiple points of ingress/egress; 10 offices plus a large reception area and waiting room, with 2 offices sized for conference use
    More about this property
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