523 Franklin St Michigan City, IN 46360
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Specialty properties
Property Details for 523 Franklin St
- Year built
- 1890
- Property type
- Specialty properties
- Property subtype
- Retail properties & Spaces
Description
This exceptional 12,132 square foot commercial property, located at 523 Franklin Street in Michigan City, Indiana (zip code 46360), presents a unique investment opportunity. The building, constructed in 1890 and extensively renovated in 2023, boasts a single-tenant occupancy with 3,150 square feet currently vacant. The property is zoned commercial and features a traditional office subtype, ideal for a variety of businesses. The single-story building offers a 10-foot ceiling height, adding to its spacious feel. The building's prime location on Franklin Street, with cross access to 5th Street, ensures high visibility and accessibility. The vacant space includes a great street-level retail area, complemented by several large offices or storage rooms, and a small break room. The exposed brick and high ceilings create a unique and attractive atmosphere. The property's rich history is blended seamlessly with modern updates, offering a blend of character and functionality. This is a rare opportunity to acquire a well-maintained, historically significant commercial space in a thriving Indiana community. The property's size and layout offer flexibility for a range of commercial uses. Don't miss this chance to secure a prominent location in a desirable area.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Michigan City
- County
- Laporte
- State
- Indiana
- Longitude
- -86.9015
- Latitude
- 41.7165
