3940 Franklin St Michigan City, IN 46360

Listing office @properties/Christie's Intl RE r***@gmail.com Show Phone

Listing date Jan 4, 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 @properties/Christie's Intl RE

Report an issue

---

Investment Insights

Based on property information with market context.

This commercial property features 130 feet of frontage on Franklin Street, situated just north of Highway 20. Currently configured as a large restaurant, the property includes a bright entrance foyer and waiting area with seating for 12. It also features three indoor dining rooms, along with a three-season room equipped with ceiling heaters. All dining rooms include stone gas fireplaces. The layout incorporates three beverage/server stations, a large dish pit room, and a 12-seat bar. Substantial kitchen space, along with two walk-in coolers and a basement, provide potential for various dining options. A three-way liquor license is available with an acceptable offer. The property is also listed for lease.

Key Highlights

• 130' of frontage on highly trafficked Franklin Street.
• Currently set up as a large restaurant with multiple dining rooms.
• Features a 3‑season room with ceiling heaters.

Property Analytics

Property Profile Location Intelligence

Similar For Sale Nearby

• 

  $749,000

  3,960 SF

  Remodeled Office Building with Parking

  Move-in ready office building with ADA access, skylit interior, and a 27-space private parking lot.

  2814 Franklin Street, Michigan City, IN 46360

  View Details
• 

  $2,500,000

  11,634 SF

  Move-In Ready Event Space

  Turnkey event venue with flexible layout, furnishings and equipment included, ready for immediate operations in downtown Michigan City.

  907 Franklin Street, Michigan City, IN 46360

  View Details
• 

  $1,075,000

  4,702 SF

  Versatile Commercial Property in Michigan City

  4,702 SF commercial property on 0.79 acres in Michigan City.

  3417 Franklin Street, Michigan City, IN 46360

  View Details
• 

  $529,000

  5,737 SF

  Mixed-Use Retail and Residential Building

  Mixed-use property with street-level retail, two apartments, and a carriage house, with recent exterior and mechanical updates.

  1115 Franklin Street, Michigan City, IN 46360

  View Details
• 

  $675,000

  1,712 SF

  Turnkey Restaurant With Rental Home

  Fully equipped restaurant with bar and patio plus a separate two-bedroom home for owner use or extra rental income.

  615 E In-212, Michigan City, IN 46360

  View Details
• 

  $750,000

  1,712 SF

  Michigan City Commercial Property For Sale

  Commercial property for sale in Michigan City, Indiana.

  615 E Indiana 212, Michigan City, IN 46360

  View Details
• 

  $369,900

  2,544 SF

  Office Building with Apartment

  Well-maintained office building with multiple office rooms, conference areas, rear garage, and an upstairs two-bedroom unit.

  2710 Franklin Street, Michigan City, IN 46360

  View Details
• 

  $1,075,000

  4,702 SF

  High-Visibility Commercial Redevelopment Opportunity

  4,702 SF property with redevelopment potential in a prime location.

  3417 Franklin Street, Michigan, City, IN 46360

  View Details
• 

  $599,900

  Michigan City Multifamily Airbnb Property

  Established Airbnb near Lake Michigan and downtown Michigan City.

  116 Fogarty Street, Michigan City, IN 46360

  View Details
• 

  $529,000

  Mixed-Use Building with Street Retail

  Fully leased mixed-use property with street-level retail, two apartments, and a carriage house in downtown Michigan City.

  1115 Franklin Street, Michigan City, IN 46360

  View Details
• 

  $1,250,000

  3,677 SF

  Prime Location Commercial Building

  Established commercial building in Beverly Shores, near Chicago and Lake Michigan.

  2 W Dunes Hwy, Michigan City, IN 46360

  View Details
• 

  $495,000

  Five-Unit Residential Income Building

  Five-unit building with efficiency, one-, and two-bedroom units and original foyer features for rental-ready housing.

  320 E 8th, Michigan City, IN 46360

  View Details

Similar Off Market Nearby

• Stony Gardens Catering — 110 w 9th st, michigan city, in 46360

FAQs

What type of property is this?

Restaurant - Restaurant property with frontage on Franklin Street, near Highway 20.

Where is this restaurant located?

The property is located at 3940 Franklin St Michigan City, IN.

What is the asking price?

The asking price for this property is $675,000.

What are key features of this property?

This property features: 130' of frontage on highly trafficked Franklin Street.; Currently set up as a large restaurant with multiple dining rooms.; Features a 3‑season room with ceiling heaters.