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    Michigan City, IN
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    Michigan City, IN Residential Income Properties for Sale

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    Downtown Mixed-Use Building with Retail
    Updated: Sep 29, 2025
    Downtown Mixed-Use Building with Retail

    521 Franklin St, Michigan City, IN 46360

    $1,590,000
    21,057 sqft
    10‑unit mixed‑use building with 3 street‑level commercial spaces and 7 upstairs apartments
    Includes two office/retail storefronts and one restaurant space with established infrastructure
    Apartment mix includes open loft‑style studios and one‑bedroom units
    Seven unique apartments with individual character and layouts
    Located in the downtown Arts District near arts district retail and dining
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    This listing looks promising.

    Here's a quick look at some key insights for

    521 Franklin St, Michigan City, IN

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    • Est. Cap Rate

      9%
      Above avg (5.9%)

    • Est. NOI

      $143K
      Annual

    • Price @ 7% Cap

      $2.04M
      Above asking

    • Property Type

      Retail Stores
      Built 1880
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    Multifamily Property with New Roof
    Updated: Mar 17
    Multifamily Property with New Roof

    1115 Franklin Street, Michigan City, IN 46360

    $529,000
    5,737 sqft 0.06 AC lot
    New roof installed in 2024
    200 amp service plus furnace update
    Two residential apartments above the retail space
    One apartment is completely renovated with modern finishes
    Separate carriage house adds to the mixed‑use configuration
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    Turnkey Restaurant With Rental Home
    Turnkey Restaurant With Rental Home

    615 E In-212, Michigan City, IN 46360

    $675,000
    1,712 sqft 0.71 AC lot

    Fully equipped restaurant with bar and patio plus a separate two-bedroom home for owner use or extra rental income.

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    Duplex Property with Private Patio
    Duplex Property with Private Patio

    116 Fogarty Street, Michigan City, IN 46360

    $599,900
    0.07 AC lot

    Duplex property set up for Airbnb use, with a private yard and patio plus multiple dedicated work spaces.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Two-Building Corner Residential Property
    Two-Building Corner Residential Property

    2702 W Dunes Highway, Michigan City, IN 46360

    $250,000
    1,170,512 sqft 0.35 AC lot

    Residential property on a 3-way corner with two buildings, offered for sale in B-2 zoning.

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    Historic Duplex with Private Yard
    Historic Duplex with Private Yard

    1924 Manhattan Street, Michigan City, IN 46360

    $249,900
    0.13 AC lot

    Historic 1913 duplex set up as two units with separate utilities, hardwood floors, and a fenced private yard.

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    Quadplex with Ground-Floor Retail
    Quadplex with Ground-Floor Retail

    1115 Franklin Street, Michigan City, IN 46360

    $529,000
    0.06 AC lot

    Mixed-use quadplex with street-level retail, two apartments above, and a separate carriage house with active leases.

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    Luxury Condominium Near Lake Michigan
    Luxury Condominium Near Lake Michigan

    101 W Michigan Boulevard 718, Michigan City, IN 46360

    $390,000
    760 sqft 2.94 AC lot

    Luxury condominium with high-end amenities near Indiana Dunes National Park.

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    Five-Unit Apartment Building
    Five-Unit Apartment Building

    320 E 8th, Michigan City, IN 46360

    $450,000
    0.16 AC lot

    Five-unit multifamily building with one efficiency, three 1-bedroom units, and one 2-bedroom unit.

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    Two-Unit Duplex with Full Basement
    Two-Unit Duplex with Full Basement

    115 Greenwood Avenue, Michigan City, IN 46360

    $149,999
    0.13 AC lot

    Two-unit duplex with full basement, central heating and cooling, and public utilities, plus private yard and porch.

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    Michigan City Duplex with Updates
    Michigan City Duplex with Updates

    115 Greenwood Avenue, Michigan City, IN 46360

    Contact for pricing
    2,184 sqft

    Two-unit property featuring recent updates and a full basement.

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    Quadplex with Public Utilities
    Quadplex with Public Utilities

    322 E 8th Street, Michigan City, IN 46360

    $165,000
    0.08 AC lot

    Quadplex offering one efficiency unit, two 1-bedroom units, and one 2-bedroom unit with public water and sewer.

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    Two-Unit Duplex with Updated Baths
    Two-Unit Duplex with Updated Baths

    315 Dupage Street, Michigan City, IN 46360

    Contact for pricing

    Duplex with updated kitchens and baths, two furnaces, two water heaters, and a concrete front porch.

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    Historic Two-Unit Duplex
    Historic Two-Unit Duplex

    1924 Manhattan Street, Michigan City, IN 46360

    Contact for pricing

    Separate utilities support flexible occupancy, with a front porch, fenced yard, and basement storage.

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    Five-Unit Multifamily Building
    Five-Unit Multifamily Building

    320 E 8th, Michigan City, IN 46360

    Contact for pricing

    Five well-defined apartment units, including one efficiency, three 1-bedrooms, and one 2-bedroom, with period interior details.

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    Four-Unit Residential Income Property
    Four-Unit Residential Income Property

    322 E 8th Street, Michigan City, IN 46360

    Contact for pricing

    Four rental units offer a mix of efficiencies and bedrooms for an investor or owner-operator.

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    Two-Unit Residential Income Property
    Two-Unit Residential Income Property

    207 Chicago Street, Michigan City, IN 46360

    Contact for pricing

    Two gutted homes with new vinyl siding and one-year-old roofs on a corner lot near downtown.

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    Four-Unit One-Bedroom Income Property
    Four-Unit One-Bedroom Income Property

    401 E Garfield Street, Michigan City, IN 46360

    Contact for pricing

    Four one-bedroom units with three currently occupied, plus recent HVAC and window replacements.

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    Based on your search, we've compiled Potential Opportunities for your consideration. Besides 18 Active Listings in Michigan City, IN, we suggest to view alternatives - similar 27 Off-Market properties to explore as potential leads.

    Off-Market Properties in Michigan City, IN

    Consider similar Off-Market properties in Michigan City, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1010 Cedar St
    APARTMENT HOUSE (UNDER 5 UNITS)

    1010 Cedar St, Michigan City, IN 46360-3648

    Value Estimation by Request
    6,858 sqft 0.09 AC lot
    View details
    110 Cedargate Ct
    APARTMENT HOUSE (UNDER 5 UNITS)

    110 Cedargate Ct, Michigan City, IN 46360-5681

    $3,175,000
    Estimated value
    2,880 sqft 3.78 AC lot
    View details
    205 Garfield St
    APARTMENT HOUSE (UNDER 5 UNITS)

    205 Garfield St, Michigan City, IN 46360-5477

    Value Estimation by Request
    5,280 sqft 0.12 AC lot
    View details
    2206 Michigan Blvd
    APARTMENT HOUSE (UNDER 5 UNITS)

    2206 Michigan Blvd, Michigan City, IN 46360-5375

    Value Estimation by Request
    5,220 sqft 0.15 AC lot
    View details
    913 Wabash St
    APARTMENT HOUSE (UNDER 5 UNITS)

    913 Wabash St, Michigan City, IN 46360-4090

    Value Estimation by Request
    5,841 sqft 0.13 AC lot
    View details
    170 Indiana Hwy 212
    MOBILE HOME PARK, TRAILER PARK

    170 Indiana Hwy 212, Michigan City, IN 46360-1956

    Value Estimation by Request
    20.00 AC lot
    View details

    Michigan City, IN Residential Income Properties Market Trends and Statistics

    Explore 45 residential income properties for sale in Michigan City, IN, showcased through 18 active listings on our real estate platform. These investment opportunities span a total of 1,201,962 square feet of properties for sale, with an estimated market value of $5,577,799.

    Sale prices for residential income properties in Michigan City, IN start at $149,999, averaging $507,072, and reaching up to $1,590,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Multifamily properties 15
    Duplexes 7
    Quadplexes 4
    Apartment buildings 3
    Single family properties 2

    Demographics Overview

    Population 44K
    Population Growth (5Y) +0.7%
    Median Household Income $59,641
    College Educated 15.5%

    High-Yield Neighborhoods for Investment

    Identify Michigan City submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    46360 $507.1K

    Taxes & Financing

    Tax Rate (average for all types) 2.64%
    Property Tax per SF $45.66 per SF
    Tax Rate vs County Average 0.23 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in LaPorte County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in LaPorte County

    Office

    Property Size Breakdown

    The majority of commercial real estate listings in Michigan City fall within the 10,000 to 25,000 square foot range.

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