4121 Franklin Street Michigan City, IN 46360
SINGLE_FAMILY - Michigan City, IN
Property Features for 4121 Franklin Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Parking
- 24
- Interior features
- Entrance Foyer, Recessed Lighting, Laminate Counters
- Exterior features
- Lighting, Storage, Rain Gutters
- Appliances
- Microwave, Water Heater, Stainless Steel Appliance(s), Refrigerator
- Standard status
- Active Under Contract
- APN
- 460508226013000009
- Size
- 3,840 SF
- Lot size
- 0.50 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- PCE 150 X 150 FT IN E 1/2 NE 1/4 CMG. 1496.02 FT N OF 42.93 FT W OF E QTR. COR S8 T37 R4. .51 A.
- Tax Annual Amount
- 11500
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1984
- Additional Structures
- Storage
Listing agent Annette McIntyre (219) 363-1117
Listing office Realty Executives Premier 310 E. Lincolnway, Valparaiso, IN (219) 462-2224
Listing date Nov 14, 2025
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.
Investment Insights
Based on property information with market context.
The building sits on a 1/2-acre lot with about 150 feet of frontage and excellent visibility. Exterior features include a lighted marquee and 24 designated parking spaces.
The building has been meticulously maintained and is currently being utilized as a school. The listing notes the availability of an additional 14 acres behind the property, zoned Commercial B2, through a separate MLS offering.
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 | $57.6k | $15.00 |
| − Vacancy | −$5.3k | −$1.38 |
| EGI | $52.3k | $13.62 |
| − OpEx | −$13.1k | −$3.41 |
| NOI | $39.2k | $10.22 |
