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    Michigan City, IN
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    Michigan City, IN Retail Properties & Spaces for Sale

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    Trail Creek, IN Long Beach, IN Beverly Shores, IN
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    Versatile Commercial Property in Michigan City
    Updated: Apr 1
    Versatile Commercial Property in Michigan City

    3417 Franklin Street, Michigan City, IN 46360

    $1,075,000
    4,702 sqft · 0.79 AC lot
    High‑visibility location in a busy commercial corridor with 19,340+ VPD (2025).
    Zoned B‑2 (General Commercial) offering exceptional versatility for adaptive reuse (retail, office, restaurant, medical, etc.).
    Large .79‑acre lot adjacent to McDonalds and Biggby Coffee.
    Currently configured as a tunnel car wash with newer equipment and established customer base.
    Includes waiting area, reception/office space, and equipment for vacuum and detailing services.
    View details

    This listing looks promising.

    Here's a quick look at some key insights for

    3417 Franklin Street, Michigan City, IN 46360

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    • Est. Cap Rate

      8.5%
      Above avg (5.9%)

    • Est. NOI

      $92K
      Annual

    • Mortgage

      $436K
      Jul 2020

    • Property Type

      Car Wash
      Built 1959
    View Property Analytics
    Mixed-Use Retail and Residential Building
    Updated: Mar 17
    Mixed-Use Retail and Residential Building

    1115 Franklin Street, Michigan City, IN 46360

    $529,000
    5,737 sqft · 0.06 AC lot
    Fully leased mixed‑use building with street‑level retail plus two residential apartments above
    New roof installed in 2024; furnace and 200 amp service included
    One of the residential apartments has been completely renovated with modern finishes
    Separate carriage house adds extra income and versatility
    Conveniently located one block from the South Shore train station
    View details
    Michigan City Commercial Property For Sale
    Michigan City Commercial Property For Sale

    615 E Indiana 212, Michigan City, IN 46360

    $750,000
    1,712 sqft · 0.66 AC lot

    Commercial property for sale in Michigan City, Indiana.

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    High-Visibility Commercial Redevelopment Opportunity
    High-Visibility Commercial Redevelopment Opportunity

    Michigan City, IN 46360

    $1,075,000
    4,702 sqft · 0.79 AC lot

    4,702 SF property with redevelopment potential in a prime location.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Mixed-Use Building with Street Retail
    Mixed-Use Building with Street Retail

    1115 Franklin Street, Michigan City, IN 46360

    $529,000
    0.06 AC lot

    Fully leased mixed-use property with street-level retail, two apartments, and a carriage house in downtown Michigan City.

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    Prime Location Commercial Building
    Prime Location Commercial Building

    2 W Dunes Hwy, Michigan City, IN 46360

    $1,250,000
    3,677 sqft

    Established commercial building in Beverly Shores, near Chicago and Lake Michigan.

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    Retail Investment Opportunity
    Retail Investment Opportunity

    4120 Franklin St, Michigan City, IN 46360

    $4,620,000
    3,416 sqft

    Retail property for sale with a 6.75% CAP rate.

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    Versatile Mixed-Use Investment Opportunity
    Versatile Mixed-Use Investment Opportunity

    1416 Franklin Street, Michigan City, IN 46360

    $599,000

    Multi-tenant property near South Shore train station and luxury apartments.

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    Modern Commercial Space on 4.5 Acres
    Modern Commercial Space on 4.5 Acres

    9856 W 400 N, Michigan City, IN 46360

    $899,900
    3,069 sqft · 4.35 AC lot

    Modern, flexible commercial space with room to grow near Highway.

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    Downtown Mixed-Use Building with Retail
    Downtown Mixed-Use Building with Retail

    521 Franklin St, Michigan City, IN 46360

    $1,590,000
    21,057 sqft

    Ten-unit property combines street-level commercial space with apartments near arts district retail and dining.

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    Mixed-Use Property Near Train Station
    Mixed-Use Property Near Train Station

    1115 Franklin Street, Michigan City, IN 46360

    $529,000

    Fully leased mixed-use property with retail and residential units.

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    Turn Key Retail Space ForSale
    Turn Key Retail Space ForSale

    909 Franklin St, Michigan City, IN

    $1,000,000
    2,350 sqft · 0.09 AC lot

    Retail space with equipment and upper level residence for sale.

    View details
    Michigan City Industrial Building Portfolio
    Michigan City Industrial Building Portfolio

    332 US-20, Michigan City, IN 46360

    $1,125,000
    38,190 sqft · 2.00 AC lot

    Two properties available: industrial building and restaurant on US-20.

    View details
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 13 Active listings in Michigan City, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 59 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Prime Location Commercial Building
    Prime Location Commercial Building

    2 W Dunes Highway, Beverly Shores, IN 46360

    $1,250,000
    3,677 sqft · 0.28 AC lot

    Established commercial building in Beverly Shores, Indiana, near Lake Michigan.

    View details
    Versatile Commercial Property on Acreage
    Versatile Commercial Property on Acreage

    1147 N Salt Creek Road, Chesterton, IN 46304

    $1,500,000
    6,500 sqft · 1.00 AC lot

    Four buildings totaling nearly 6,500 SF on high-traffic roadway.

    View details
    Prime Location Commercial Building
    Prime Location Commercial Building

    2 W Dunes Highway, Beverly Shores, IN 46360

    $1,250,000
    3,677 sqft

    Commercial building in Beverly Shores near Dunes National Park.

    View details
    Land
    Land

    128 Saemann Rd, Chesterton, IN 46304

    $195,000
    1.70 AC lot

    Commercial land · 1.70 Acres

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Corner Lot in Michigan City
    Corner Lot in Michigan City

    109 Combs Street, Michigan City, IN 46360

    $44,900
    0.09 AC lot

    Commercial land with high visibility and new development nearby.

    View details
    General Commercial Development Land
    General Commercial Development Land

    S Woodland Avenue, Michigan City, IN 46360

    $299,000
    17.53 AC lot

    Flat, out-of-floodplain commercial land with utilities available and substantial road frontage for flexible B2 uses.

    View details
    Michigan City Commercial Land Parcel
    Michigan City Commercial Land Parcel

    W 400 N, Michigan City, IN 46360

    $1,050,000
    21.81 AC lot

    21.814 acres of commercial land in Michigan City, IN.

    View details
    Commercial Land Near I-94
    Commercial Land Near I-94

    3886 N 950 W, Michigan City, IN 46360

    $350,000
    5.58 AC lot

    5.38 acres of commercial land in Michigan City, Indiana.

    View details

    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.

    1620 Michigan Blvd
    AUTO REPAIR, GARAGE

    1620 Michigan Blvd, Michigan City, IN 46360-4961

    Value Estimation by Request
    1,516 sqft · 0.23 AC lot
    View details
    517 Barker Ave
    RETAIL STORES (PERSONAL SERVICES)

    517 Barker Ave, Michigan City, IN 46360-5132

    Value Estimation by Request
    4,353 sqft · 0.13 AC lot
    View details
    509 Us Hwy 20
    CONVENIENCE STORE

    509 Us Hwy 20, Michigan City, IN 46360-7367

    Value Estimation by Request
    4,000 sqft · 0.91 AC lot
    View details
    10388 400th N
    RETAIL STORES (PERSONAL SERVICES)

    10388 400th N, Michigan City, IN 46360-9470

    $680,000
    Estimated value
    8,132 sqft · 0.97 AC lot
    View details
    111 Skwiat Legion Ave
    SHOPPING CENTER, STRIP CENTER

    111 Skwiat Legion Ave, Michigan City, IN 46360-4550

    Value Estimation by Request
    2,072 sqft · 0.14 AC lot
    View details
    1901 Franklin St
    RETAIL STORES (PERSONAL SERVICES)

    1901 Franklin St, Michigan City, IN 46360-4532

    Value Estimation by Request
    2,245 sqft · 0.08 AC lot
    View details
    1901 Franklin St
    RETAIL STORES (PERSONAL SERVICES)

    1901 Franklin St, Michigan City, IN 46360-4532

    Value Estimation by Request
    3,044 sqft · 0.04 AC lot
    View details
    1816 Franklin St
    RETAIL STORES (PERSONAL SERVICES)

    1816 Franklin St, Michigan City, IN 46360-4504

    $1,885,000
    Estimated value
    14,563 sqft · 1.20 AC lot
    View details
    5223 Franklin St
    RESTAURANT

    5223 Franklin St, Michigan City, IN 46360-7856

    Value Estimation by Request
    0.82 AC lot
    View details
    701 Washington St
    RESTAURANT

    701 Washington St, Michigan City, IN 46360-3420

    Value Estimation by Request
    1,324 sqft · 0.31 AC lot
    View details
    Marquette Mall
    REGIONAL SHOPPING CENTER, MALL

    Marquette Mall, Michigan City, IN 46360

    $5,375,000
    Estimated value
    520,140 sqft · 22.32 AC lot
    View details

    Michigan City, IN Retail Properties & Spaces Market Trends and Statistics

    Explore 72 retail properties & spaces for sale in Michigan City, IN, showcased through 13 active listings on our real estate platform. These investment opportunities span a total of 126,707 square feet of properties for sale, with an estimated market value of $18,763,900.

    Sale prices for stores in Michigan City, IN start at $529,000, averaging $1,563,658, and reaching up to $4,620,000 — 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

    Storefront properties 4
    Automotive properties 3
    Car washes 2
    Shopping centers 2
    Auto shops 1

    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 $1.3M

    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

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