This exceptional Michigan City, Indiana property, located at 909 Franklin St, offers a unique blend of commercial and residential space. Priced at $1,000,000, this 8,265 square foot building sits on a 0.089-acre lot and includes a 6-space parking area. Currently operating as a successful bakery for over 32 years, the main floor boasts custom display cases, a kitchen equipped with a walk-in cooler and freezer (freezer requiring repair), a large Middleby Marshall baking oven, prep tables, and sinks. The space is adaptable for various retail or professional office uses. An attached four-car garage, built in 2002, provides ample storage. The upper level features a charming apartment with hardwood floors, a custom kitchen (14'x14'), dining room (10'x14'), master bedroom (14'x14') with a master bath including a jacuzzi tub and his-and-hers sinks, a second bedroom (11'x15'), a second bath, and a den/third bedroom (10'x12'). A lower level offers additional storage. Recent improvements include a new roof on the garage, fresh paint in the apartment, and more. The property is currently 50% occupied, with the possibility of a short-term leaseback of the first floor. Its prime location, less than two blocks from the new train station, presents a fantastic opportunity for a new owner. Built in 1890, this property offers a rare combination of history, functionality, and potential. The building is currently configured as a single tenancy, with a gross lease type. The property is available for immediate sale.
Highlights
$1,000,000 asking price for this retail property.
8,265 square feet, located in Michigan City, IN.
Gross lease, single-tenant occupancy at 50%.
Property includes a 0.089-acre lot with 6 parking spaces.
Built in 1890, features a 4-car garage (built in 2002).
The property is located at 909 Franklin St Michigan City, IN.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: $1,000,000 asking price for this retail property.; 8,265 square feet, located in Michigan City, IN.; Gross lease, single-tenant occupancy at 50%.
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Contacts
Ken Peach
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Franklin St Michigan City, IN 46360
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Franklin St Michigan City, IN 46360
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909 Franklin St
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