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Furnished Two-Unit Duplex

508 Wabash St, Michigan City, IN 46360

For Sale
$440,000

Commercial zoning and separate living areas support residential use or other possibilities.

Property SizeContact for details
Days on Market59

Property Features for 508 Wabash St

General Information

Standard status Active
Property subtype Multi-Family

Additional Details

Furnished Yes
Multifamily Units 2

Amenities

deck

Building Details

Year Built 1870
Buildings 1
Listing Agency: Blackrock Real Estate Services
Listed By: Angela Carr
Source: Nwindianahomesearcher
Added: Sep 12 Changed: Nov 8 Last Checked: Nov 8 at 7:29AM

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 Blackrock Real Estate Services

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Investment Insights

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Configured as two independent living spaces, the duplex has a main-level layout with two bedrooms and two bathrooms, plus an upper unit with one bedroom and one bath; a second bedroom may also be possible upstairs. Both levels are furnished. Original hardwood floors, doors and windows retain historic details, while quartz countertops and new appliances add updated finishes. A deck and landscaped outdoor area round out the property.

The building is directly across from Lighthouse Place premium outlet mall and a short distance from Lake Michigan beaches. Other nearby destinations include downtown dining, coffee shops, Washington Park Zoo, Blue Chip Casino, the Arts District and Indiana Dunes National Park.

Commercial zoning allows consideration of uses beyond the current two-unit arrangement. The property is offered with furnishings in both living spaces.

Key Highlights

  • Two separate living spaces, both furnished
  • Main level has 2 bedrooms and 2 baths; upper level has 1 bedroom and 1 bath, with room for a possible second bedroom
  • Commercial zoning

Property Analytics

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Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

904
Businesses Nearby

Demographics for 46360, IN

44,209
Population
21,652
Households
2
Avg Household Size
42
Median Age
23%
College-Educated
90%
High-School Grad
76.6 sq mi
ZIP Area
577
Density / Sq Mi
$59,641
Median Household Income
$36,738
Median Earnings
$924
Median Rent
$155,900
Median Home Value
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Commercial zoning and separate living areas support residential use or other possibilities.
Where is this duplex located?
The property is located at 508 Wabash St Michigan City, IN.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Two separate living spaces, both furnished; Main level has 2 bedrooms and 2 baths; upper level has 1 bedroom and 1 bath, with room for a possible second bedroom; Commercial zoning
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