Michigan City, IN Retail Properties & Spaces for Sale

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Updated: Mar 17

Mixed-Use Building with Carriage House

1115 Franklin Street, Michigan City, IN 46360

$510,000

5,737 sqft 0.06 AC lot

5,737‑square‑foot mixed‑use property on a 0.06‑acre parcel
Street‑level retail space with two apartments above
Separate carriage house included with the property
2024 roof, furnace, and 200 amp electrical service
All units occupied under active leases

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This listing looks promising.

Here's a quick look at some key insights for

1115 Franklin Street, Michigan City, IN 46360

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Est. Cap Rate

9.1%
Above avg (5.9%)
Est. NOI

$46K
Annual
Price @ 7% Cap

$659K
Above asking
Property Type

Single Family Residence
Built 1900

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Updated: Apr 1

Tunnel Car Wash with Updated Equipment

3417 Franklin Street, Michigan City, IN 46360

$1,075,000

4,702 sqft 0.79 AC lot

4,702 SF tunnel car wash on 0.793 acres
Average daily traffic count of over 19,340 VPD (2025)
B‑2 (General Commercial) zoning
Adjacent to McDonald’s and Biggby Coffee
Newer equipment with vacuum and detailing capabilities

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Mixed-Use Property with B2 Zoning

409 W 9th Street, Michigan City, IN 46360

$99,999

2,797 sqft 0.13 AC lot

Two-story commercial property with public utilities and on-street parking near shopping, an arts district, and Washington Park.

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Mixed-Use Building with Bakery Space

909 Franklin St, Michigan City, IN 46360

$1,700,000

8,265 sqft

Commercial space includes baking equipment, walk-in coolers, a loading dock, and a three-car garage.

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Mixed-Use Quadplex with Retail

1115 Franklin Street, Michigan City, IN 46360

$510,000

0.06 AC lot

Fully leased property combines street-level retail, residential apartments, and a separate carriage house under active leases.

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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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Storefront Property Near Lake Michigan

3636 E Us Highway 12, Michigan City, IN 46360

$595,000

5,000 sqft

Commercial space positioned near Beachtown and Lake Michigan attractions.

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Neighborhood Shopping Center

1700-1724 E HWY 20, Michigan City, IN 46360

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23,780 sqft

Established retail property with daily-needs tenancy, highway exposure, and available suites for occupancy growth.

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Long John Silver's NNN Property

212 US-20, Michigan City, IN 46360

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1,880 sqft 0.95 AC lot

Long John Silver’s is offered subject to a 15-year triple-net lease that began May 17, 2018.

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Shell Retail Building with Drive-In Access

200 US-20, Michigan City, IN 46360

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20,000 SF shell retail building on a 6.85-acre cleared site with 18' interior ceilings and drive-in entrances.

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Turnkey Multi-Unit Retail Building

2701 Franklin St, Michigan City, IN 46360

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Renovated retail building featuring modern energy and electrical systems, with long-term optometry and salon tenants.

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Versatile Mixed-Use Investment Opportunity

1416 Franklin Street, Michigan City, IN 46360

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

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Turn Key Retail Space ForSale

909 Franklin St, Michigan City, IN

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2,350 sqft 0.09 AC lot

Retail space with equipment and upper level residence for sale.

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Marathon Gas Station with C-Store

4341 Franklin St, Michigan City, IN 46360

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Rebuilt in 2005, this leased gas station includes three fuel tanks, four pump islands, and a convenience store.

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Two-Story Retail Building

813 Franklin St, Michigan City, IN 46360

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Finished first floor with wood floors and built-in bookcases, plus unfinished second floor and basement storage.

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Michigan City Industrial Building Portfolio

332 US-20, Michigan City, IN 46360

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38,190 sqft 2.00 AC lot

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

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Retail Space for Sale

2001 E Michigan Blvd, Michigan City, IN 46360

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For-sale retail property located at 2001 E Michigan Blvd in Michigan City, IN.

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Based on your search, we've compiled Potential Opportunities for your consideration. Besides 17 Active Listings in Michigan City, IN, we suggest to view alternatives - similar 55 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.

AUTO REPAIR, GARAGE

1620 Michigan Blvd, Michigan City, IN 46360-4961

$260,000

Estimated value

1,516 sqft 0.23 AC lot

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RETAIL STORES (PERSONAL SERVICES)

517 Barker Ave, Michigan City, IN 46360-5132

$275,000

Estimated value

4,353 sqft 0.13 AC lot

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CONVENIENCE STORE

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

$275,000

Estimated value

4,000 sqft 0.91 AC lot

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RETAIL STORES (PERSONAL SERVICES)

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

$280,000

Estimated value

8,132 sqft 0.97 AC lot

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SHOPPING CENTER, STRIP CENTER

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

$250,000

Estimated value

2,072 sqft 0.14 AC lot

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RETAIL STORES (PERSONAL SERVICES)

1901 Franklin St, Michigan City, IN 46360-4532

$275,000

Estimated value

2,245 sqft 0.08 AC lot

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RETAIL STORES (PERSONAL SERVICES)

1901 Franklin St, Michigan City, IN 46360-4532

$275,000

Estimated value

3,044 sqft 0.04 AC lot

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

Explore 72 retail properties & spaces for sale in Michigan City, IN, showcased through 17 active listings on our real estate platform. These investment opportunities span a total of 97,403 square feet of properties for sale, with an estimated market value of $5,564,999.

Sale prices for stores in Michigan City, IN start at $99,999, averaging $794,999, and reaching up to $1,700,000 — 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

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	$992.6K

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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