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    3207 Franklin St Michigan City, IN 46360

    For Lease
    $9 SF/Yr

    5,756 SF Available, High Traffic Area

    Lot size:
    28,750 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional retail opportunity presents 5,756 square feet of vacant space within a thriving shopping center in La Porte County, Indiana. Located at 3207 Franklin Street, Suite 3221, this Class C property boasts a highly visible location on Franklin Street, benefiting from over 18,500 vehicles passing daily. The space features an open floor plan, ideal for a variety of retail uses, and offers significant flexibility. Leasing options include the entire 5,756 square feet or divisible units starting at 2,500 square feet, with a maximum contiguous space of 5,756 square feet. The property includes 40 feet of desirable window frontage, enhancing visibility and attracting customers. Convenient rear access via an overhead door simplifies deliveries and receiving. Ample parking is available for both employees and customers. The center is anchored by a CVS Pharmacy, ensuring consistent foot traffic and a strong retail environment. Situated just two miles from the intersection of Highways 80 and 94, this location offers unparalleled accessibility and exposure. The property sits on a 2.34-acre lot and was built in 1953. Lighted pylon signage is also available, further enhancing the property's visibility. This is an excellent opportunity for businesses seeking a high-traffic, well-located retail space in a bustling commercial area. The property is easily accessible and offers a great opportunity for growth and success.

    Property Features for 3207 Franklin St

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    28,750 SF
    Class
    C
    Total Rate
    23359.38

    Building Details

    Year Built
    1953

    Unit(s) available at that property

    Space
    Suite 3221
    Size
    5,756 SF
    Rate per SF
    $9

    HighLights

    • 28,750 SF retail shopping center with 5,756 SF of vacant space available.
    • Space divisible from 2,500 SF to a maximum contiguous 5,756 SF.
    • Located on Franklin St in LaPorte County, with over 18,500 vehicles daily.
    • Features 40 feet of window frontage, rear overhead door, and ample parking.
    • Class C building, built in 1953, situated on a 2.34‑acre lot, near Hwy 80/94 and anchored by CVS.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Diamond Nails Nail Salon Sisters Nails Nail Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Michigan City
    County
    LaPorte
    State
    Indiana
    Longitude
    -86.8946614
    Latitude
    41.6943689

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    FAQs

    What type of property is this?
    Neighborhood center - 5,756 SF Available, High Traffic Area
    Where is this neighborhood center located?
    The property is located at 3207 Franklin St Michigan City, IN.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: 28,750 SF retail shopping center with 5,756 SF of vacant space available.; Space divisible from 2,500 SF to a maximum contiguous 5,756 SF.; Located on Franklin St in LaPorte County, with over 18,500 vehicles daily.
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3207 Franklin St Michigan City, IN 46360
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