710 Franklin St Michigan City, IN 46360-3563
This exceptional 21,730-square-foot retail space at 710 Franklin Street in Michigan City, Indiana, presents a unique investment opportunity. Located in LaPorte County, this multi-tenant building offers one available space, ideal for a variety of uses including pharmacy, drug store, storefront, or retail/office. The property benefits from its strategic location, just four blocks from the train station featuring a new double-track express line to Chicago. This proximity to the station, coupled with ongoing residential and commercial development, positions this property for significant growth. Michigan City's burgeoning status as a desirable location, only one hour from Chicago and 20 minutes from Michigan, further enhances its appeal. The property's proximity to Lake Michigan (1.2 miles) adds to its desirability within this thriving lakefront community. This is a Tax Increment Financing (TIF) and Opportunity Zone property, making it eligible for facade grants. Furthermore, future restaurant tenants may qualify for a three-way liquor license. The attached survey provides detailed information on the property's dimensions and layout. Don't miss this chance to be part of Michigan City's exciting future.
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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.