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    909 Franklin St Michigan City, IN 46360
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    Property profile & analytics

    909 Franklin St Michigan City, IN 46360


    • Retail space
    • 8,265 SF
    • 0.09 lot acres
    Turn Key Retail Space ForSale For Sale
    $1,000,000
    2,350 SF

    Turn Key Retail Space ForSale

    Retail space with equipment and upper level residence for sale.

    909 Franklin St, Michigan City, IN
    View Listing
    Property ID
    US31-2261470
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Truffle Cake & Pastry Shoppe / Bakery / Specialty Food Shop

    Property Details for 909 Franklin St

    Year built
    1890
    Construction
    WOOD
    Lot size
    0.09 lot acres
    Property size
    8,265 SF
    Property type
    Retail space
    APN
    46-01-29-458-011.000-022
    APU
    460129458011000022

    Description

    This exceptional Michigan City, Indiana property, located at 909 Franklin St, offers a unique blend of commercial and residential space. Priced at $1,000,000, this 8,265 square foot building sits on a 0.089-acre lot and includes a 6-space parking area. Currently operating as a successful bakery for over 32 years, the main floor boasts custom display cases, a kitchen equipped with a walk-in cooler and freezer (freezer requiring repair), a large Middleby Marshall baking oven, prep tables, and sinks. The space is adaptable for various retail or professional office uses. An attached four-car garage, built in 2002, provides ample storage. The upper level features a charming apartment with hardwood floors, a custom kitchen (14'x14'), dining room (10'x14'), master bedroom (14'x14') with a master bath including a jacuzzi tub and his-and-hers sinks, a second bedroom (11'x15'), a second bath, and a den/third bedroom (10'x12'). A lower level offers additional storage. Recent improvements include a new roof on the garage, fresh paint in the apartment, and more. The property is currently 50% occupied, with the possibility of a short-term leaseback of the first floor. Its prime location, less than two blocks from the new train station, presents a fantastic opportunity for a new owner. Built in 1890, this property offers a rare combination of history, functionality, and potential. The building is currently configured as a single tenancy, with a gross lease type. The property is available for immediate sale.


    Value Estimations

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    Location Insight

    • Map
    • Local Demand
    City
    Michigan City
    County
    Laporte
    State
    Indiana
    Longitude
    -86.8998
    Latitude
    41.7123
    CBSA code
    33140
    CBSA name
    MICHIGAN CITY-LA PORTE, IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,472
    $25,300
    $155,900
    $181,200
    -
    $25,300
    $155,900
    $181,200
    View Listing
    More about this property
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