521 Franklin St, Michigan City, IN 46360

Listing office Coldwell Banker Realty d***@cbrealty.com Show Phone

Listing date Sep 29, 2025

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

Report an issue

---

Overview

This for-sale mixed-use building consists of 10 total units: three street-level commercial spaces and seven apartments upstairs. The commercial component includes two office/retail storefront spaces and one restaurant space with established infrastructure. The residential portion features seven unique units, including open loft-style studio options and one-bedroom apartments.

Located at 521 Franklin St in Michigan City, the property is described as being on a highly visible block within the Arts District. The surrounding area includes galleries, shops, and restaurants, supporting a tenant mix that can serve both foot traffic and nearby downtown activity.

For owners seeking a combined residential and commercial setup, the layout provides multiple income streams within a single building. Retail/office tenants can take advantage of street-level storefront exposure, while the restaurant space is positioned for a food-and-beverage use under the property’s existing buildout. Upstairs, the mix of studio and one-bedroom apartments gives flexibility for leasing to residents who want a downtown arts-district address.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

Location Insight

• Map
• Local Demand

City

Michigan City

County

LaPorte

State

Indiana

Longitude

-86.901667

Latitude

41.7164558

Nearby Similar for Sale

• 

  $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
• 

  $750,000

  1,712 SF

  Restaurant with Income-Generating Home

  Turn-key restaurant with updated systems and a separate 2-bedroom home.

  615 E In-212, 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
• 

  $250,000

  1,170,512 SF

  Two-Building Commercial Parcel

  Two-building commercial parcel on a 3-way corner, zoned B-2 and ready for a new owner’s buildout vision.

  2702 W Dunes Highway, 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 Upstairs Apartment

  Well-kept office building with multiple enclosed offices, conference areas, and a two-bedroom apartment for added flexibility.

  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
• 

  $149,999

  2,184 SF

  Michigan City Multi-Family Property

  Two-unit property with four bedrooms and three baths.

  115 Greenwood Avenue, 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

FAQs

What type of property is this?

Mixed-use property - Ten-unit property combines street-level commercial space with apartments near arts district retail and dining.

Where is this mixed-use property located?

The property is located at 521 Franklin St Michigan City, IN.

What is the asking price?

The asking price for this property is $1,590,000.

What are key features of this property?

This property features: 10‑unit mixed‑use building with 3 street‑level commercial spaces and 7 upstairs apartments; Includes two office/retail storefronts and one restaurant space with established infrastructure; Apartment mix includes open loft‑style studios and one‑bedroom units