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    Michigan City, IN
    Mixed-Use

    Michigan City, IN Mixed-use Properties for Sale

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    6 properties
    Downtown Mixed-Use Building with Retail
    Updated: Sep 29, 2025
    Downtown Mixed-Use Building with Retail

    521 Franklin St, Michigan City, IN 46360

    $1,590,000
    21,057 sqft
    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
    Seven unique apartments with individual character and layouts
    Located in the downtown Arts District near arts district retail and dining
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    This listing looks promising.

    Here's a quick look at some key insights for

    521 Franklin St, Michigan City, IN

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    • Est. Cap Rate

      9%
      Above avg (5.9%)

    • Est. NOI

      $143K
      Annual

    • Price @ 7% Cap

      $2.04M
      Above asking

    • Property Type

      Retail Stores
      Built 1880
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    Mixed-Use Retail and Residential Building
    Updated: Mar 17
    Mixed-Use Retail and Residential Building

    1115 Franklin Street, Michigan City, IN 46360

    $529,000
    5,737 sqft 0.06 AC lot
    Fully leased mixed‑use building with street‑level retail plus two residential apartments above
    New roof installed in 2024; furnace and 200 amp service included
    One of the residential apartments has been completely renovated with modern finishes
    Separate carriage house adds extra income and versatility
    Conveniently located one block from the South Shore train station
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    Michigan City Development Opportunity Zone
    Michigan City Development Opportunity Zone

    234 E 2nd Street, Michigan City, IN 46360

    $1,290,000
    25,000 sqft 1.89 AC lot

    1.89-acre development site in Michigan City's Opportunity Zone.

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    Versatile Mixed-Use Investment Opportunity
    Versatile Mixed-Use Investment Opportunity

    1416 Franklin Street, Michigan City, IN 46360

    $599,000

    Multi-tenant property near South Shore train station and luxury apartments.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Mixed-Use Property Near Train Station
    Mixed-Use Property Near Train Station

    1115 Franklin Street, Michigan City, IN 46360

    $529,000

    Fully leased mixed-use property with retail and residential units.

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    Turn Key Retail Space ForSale
    Turn Key Retail Space ForSale

    909 Franklin St, Michigan City, IN

    $1,000,000
    2,350 sqft 0.09 AC lot

    Retail space with equipment and upper level residence for sale.

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    Based on your search, we've compiled 16 Potential Opportunities for your consideration. Besides 6 Active listings in Michigan City, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Mixed-Use Property with Vacant Apartment
    Mixed-Use Property with Vacant Apartment

    810 Lincolnway, La Porte, IN 46350

    $264,900
    5,760 sqft

    Downtown mixed-use building offers updated commercial space plus an upstairs unit ready for a new residence or rental concept.

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    Historic US 12 Commercial Building
    Historic US 12 Commercial Building

    4863 US Highway 12, Three Oaks, MI 49128

    $298,500
    3,500 sqft 1.63 AC lot

    1.6-acre parcel with 3,500 sq ft commercial building.

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    Versatile Mixed-Use Property with Amenities
    Versatile Mixed-Use Property with Amenities

    15320, Three Oaks, MI 49128

    $699,000
    2,667 sqft

    Unique property offering business and residential opportunities with impressive amenities.

    View details
    Mixed-Use Property for Sale
    Mixed-Use Property for Sale

    102 Ludlow Street, La Porte, IN 46350

    $199,900

    Mixed-use property available for purchase.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Corner Parcel in New Buffalo
    Corner Parcel in New Buffalo

    19175 US-12, New Buffalo, MI 49117

    $499,000
    1.00 AC lot

    One-acre commercial land near beaches, golf, and downtown.

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    New Buffalo Commercial/Residential Land
    New Buffalo Commercial/Residential Land

    446 East Buffalo Street, New Buffalo, MI 49117

    $475,000
    26,136 sqft 0.60 AC lot

    Prime land near Lake Michigan with commercial and residential potential.

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    Burns Harbor Zoned Land Parcel
    Burns Harbor Zoned Land Parcel

    V/l Us Hwy 20, Burns Harbor, IN 46304

    $89,000
    0.49 AC lot

    Half-acre lot zoned for multi-family, commercial, or single-family use.

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    Prime Land in Burns Harbor
    Prime Land in Burns Harbor

    1 Burns Blvd, Burns Harbor, IN 46304

    $386,000
    1.90 AC lot

    2 acres zoned for mixed-use development in Burns Harbor, IN.

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    Off-Market Properties in Michigan City, IN

    Consider similar Off-Market properties in Michigan City, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    2613 Us-12
    Restaurants

    2613 Us-12, Michigan City, IN 46360

    Value Estimation by Request
    1,224 sqft
    View details
    3636 Us-12
    Day care centers

    3636 Us-12, Michigan City, IN 46360

    Value Estimation by Request
    5,186 sqft
    View details

    Michigan City, IN Mixed-Use Properties Market Trends and Statistics

    Explore 8 mixed-use properties for sale in Michigan City, IN, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 54,144 square feet of properties for sale, with an estimated market value of $4,409,000.

    Sale prices for multi use buildings in Michigan City, IN start at $529,000, averaging $1,102,250, and reaching up to $1,590,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Live-work space 1

    Demographics Overview

    Population 44K
    Population Growth (5Y) +0.7%
    Median Household Income $59,641
    College Educated 15.5%

    High-Yield Neighborhoods for Investment

    Identify Michigan City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    46360 $908.2K

    Taxes & Financing

    Tax Rate (average for all types) 2.64%
    Property Tax per SF $45.66 per SF
    Tax Rate vs County Average 0.23 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in LaPorte County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in LaPorte County

    Office

    Property Size Breakdown

    The majority of commercial real estate listings in Michigan City fall within the 10,000 to 25,000 square foot range.

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