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1409 Franklin St Michigan City, IN 46360

Sponsored
For Sale
$999,000

10,049 SF Flex Space, $999,000

Property size:
10,049 SF

Description

Added:
Dec 11, 2024
Days on Market:
393
This versatile Michigan City property offers 10,049 square feet of combined industrial and retail space, ideal for diverse business needs. Located at 1409-1411 Franklin St, this single-story, 1949-built building sits on a 0.11-acre lot and is zoned B2. The property features 5,000 square feet of industrial space and 5,049 square feet of retail space, currently occupied by Rent-A-Center with a lease expiring at the end of 2024. The industrial area boasts a 16-foot ceiling height, a drive-in door, three-phase electricity, two bathrooms, a mezzanine office, and an overhead heater. Onsite and street parking is available. This prime commercial location offers excellent visibility and functionality, making it a compelling investment opportunity. The property includes two units and has a total of 10,049 square feet. The asking price is $999,000. This presents a unique chance to acquire a flexible space with both retail and industrial components in a thriving area. The property's features, including the high ceiling, ample parking, and three-phase power, make it suitable for a variety of businesses. The existing retail tenant provides immediate income potential, while the upcoming lease expiration opens doors for future development and leasing strategies.

Property Features for 1409 Franklin St

General Information

Property type
Flex space
Square Feet
10,049 SF
Class
C
Lot Size
4,792 SF

Building Details

Year Built
1949
Buildings
1
Stories
1
Units
2

HighLights

  • $999,000 asking price for a 10,049 SF flex space.
  • 10,049 square foot building on a 0.11‑acre lot in Michigan City, Indiana.
  • Property consists of 5,000 SF of industrial space and 5,049 SF of retail space.
  • Features a 16‑foot ceiling height, drive‑in door, and three‑phase electricity.
  • B2 zoning allows for flexible commercial use.
  • Includes two units, one currently occupied by Rent‑A‑Center (lease expiring 2024).
Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Michigan City
County
LaPorte
State
Indiana
Longitude
-86.897630044477
Latitude
41.708808802927

FAQs

What type of property is this?
Flex space - 10,049 SF Flex Space, $999,000
Where is this flex space located?
The property is located at 1409 Franklin St Michigan City, IN.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: $999,000 asking price for a 10,049 SF flex space.; 10,049 square foot building on a 0.11-acre lot in Michigan City, Indiana.; Property consists of 5,000 SF of industrial space and 5,049 SF of retail space.
More about this property
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