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    FOR SALE
    Retail space

    1115 Franklin St, Michigan City, IN 46360

    Built 1900
    Property ID
    US31-1689578
    1115 Franklin St, Michigan City, IN 46360 For Sale 1 / 38
    $549,000
    1115 Franklin St, Michigan City, IN 46360
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    Property summary
    AI-generated overview

    Prime investment opportunity in the heart of downtown Michigan City! This fully leased, mixed-use property offers immediate cash flow and long-term upside in a highly desirable location. The street-level retail space enjoys excellent visibility and steady foot traffic, making it an ideal anchor for the property. Two residential apartments above the retail space provide consistent rental income---one of which has been completely renovated with modern finishes, offering strong tenant appeal and reduced maintenance concerns. Adding further value is a separate carriage house, enhancing the overall versatility of the property. All units are currently rented with active leases in place, making this a true turnkey investment. Situated in a vibrant corridor of Michigan City, this property is conveniently located one block from the south shore train station. Whether you're looking to expand your portfolio or secure a stable, income-producing asset in a prime location, this property delivers on all fronts!

    Property profile
    Verified
    Property type Retail space
    Year built 1900
    UPID US31-1689578
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
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