3401 Franklin St Michigan City, IN 46360-7008
This 3,264 square foot retail building, situated on a 0.405-acre lot in Michigan City, Indiana, presents a unique investment opportunity. Built in 1964, the single-story structure is currently configured as a two-tenant retail space, with 1,800 square feet immediately available for lease. The property, zoned Commercial (APN: 46-05-05-277-011.000-009), boasts high ceilings and overhead doors, offering flexible design possibilities for a variety of retail uses. The landlord will deliver the space as a warm white box shell to a qualified tenant. This prime location on the north side of Michigan City places the property conveniently between Interstate 94 and the vibrant downtown area, which features attractions such as the Lighthouse Outlet mall, Lake Michigan beach, and the Shoreline Brewery. The minimum divisible space is 1,800 square feet, and the maximum contiguous space available is also 1,800 square feet. The property's former life as a service station adds to its character and potential. This is an exceptional opportunity to establish a retail presence in a thriving Indiana community.
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Cynthia Zarazee, Century 21 Affiliated Real Estate Agency
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Jamal Agemy-Century 21 Affiliated Realtor Real Estate Agency
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BIGGBY COFFEE Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.