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Retail Space on Franklin Street
For Lease
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3207 Franklin St, Michigan City, IN 46360

Retail space available near attractions and amenities.

Space Size2,729 SF
Property Size28,750 SF
Days on Market1788

Property Features for 3207 Franklin St

General Information

Standard status Active
Size 2,729 SF
Class C
Property subtype Retail
Lease Type NNN

Building Details

Building Size 28,750 SF
Year Built 1953
Tenancy Multiple

Spaces For Lease

at 3207 Franklin St Contact us

Suite 3221

Type
Retail
Lease Type
NNN
Availability
Active
Contact us

Suite 3231-B

Size
2,729 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Bradley Company Merrillville
Listed By: Steve Nicksic · License #IN
Source: Crexi
Added: Oct 13, 2021 Changed: Aug 22 Last Checked: Sep 1 at 10:55AM

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 Bradley Company Merrillville

Investment Insights

Based on property information with market context.

A 5,756 square foot retail space is available for lease. This is the only vacancy in the center, featuring an open floor plan and high visibility. It is located on Franklin Street, approximately 2 miles from Hwy 80/94. The retail center, anchored by a neighboring CVS Pharmacy, provides abundant parking and signage opportunities on a large pylon sign, offering visibility to over 18,500 vehicles daily. The location is central, near city attractions and amenities such as the Blue Chip Casino, Lighthouse outlet mall, and Washington Park. It is also near the future double track South Shore Train Station.

Key Highlights

  • Highly visible location on Franklin Street with signage on a large pylon sign viewed by over 18,500 vehicles daily.
  • Open floor plan within the retail space.
  • Abundant parking available.

Property Analytics

Current Use

Diamond Nails Nail Salon Sisters Nails Nail Salon

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Gym & Fitness Center Grocery & Convenience Store Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.46 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

286
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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Retail space available near attractions and amenities.
Where is this retail space located?
The property is located at 3207 Franklin St Michigan City, IN.
What is the lease rate?
The lease rate is $9.75 SF/Yr.
What are key features of this property?
This property features: Highly visible location on Franklin Street with signage on a large pylon sign viewed by over 18,500 vehicles daily.; Open floor plan within the retail space.; Abundant parking available.
(219) 508-0554 Call to check price and availability
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