2814 Franklin St, Michigan City, IN 46360
Bright, fully remodeled office building with ADA access and a 27-space private parking lot.
- 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
Listing agent Zane Galloway License #RB16000549 (219) 707-9282
Listing office Coldwell Banker Realty (219) 707-9282
Listing date Mar 30, 2026
Source Exprealty
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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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Michigan City
- County
- LaPorte
- State
- Indiana
- Longitude
- -86.8939187
- Latitude
- 41.6988025