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    Multi-Entrance Office Building
    Updated: Nov 14, 2025
    Multi-Entrance Office Building

    4121 Franklin Street, Michigan City, IN 46360

    $699,900
    3,840 sqft 0.50 AC lot
    3,840‑square‑foot office building on a 0.5‑acre lot
    11 offices, 2 restrooms, foyer, waiting area, and meeting or gathering room
    Three separate entrances support multiple occupants
    Two brand‑new furnaces and two brand‑new central air conditioning units, each separately metered
    24 designated parking spaces and 150 feet of frontage
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    This listing looks promising.

    Here's a quick look at some key insights for

    4121 Franklin Street, Michigan City, IN 46360

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    • Est. Cap Rate

      5.6%
      NOI ÷ price

    • Est. NOI

      $39K
      Annual

    • Mortgage

      $600K
      Oct 2018

    • Property Type

      Commercial Office (General)
      Built 1984
    View Property Analytics
    Office Building with Multiple Entrances
    Updated: Jun 16, 2025
    Office Building with Multiple Entrances

    4121 Franklin Street, Michigan City, IN 46360

    $699,900
    3,840 sqft 0.50 AC lot
    3,840 SF building on a 0.5‑acre lot with 150 ft of frontage
    Three separate entrances for multiple businesses to occupy
    11 offices plus spacious entrance foyer and waiting area
    24 designated parking spaces and a lighted marquee
    Two restrooms; meeting/gathering room or break room plus new deck in back
    View details
    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 2 Active listings in Michigan City, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

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

    One-Story School Property
    One-Story School Property

    2460 Vermillion St, Lake Station, IN 46405

    $995,000
    37,624 sqft 4.40 AC lot

    Former school campus with an accessory building occupied by the Boys and Girls Club.

    View details
    School Building With Outbuilding
    School Building With Outbuilding

    2460 Vermillion Street, Lake Station, IN 46405

    $995,000
    37,624 sqft 4.44 AC lot

    One-story school property with a separate outbuilding, public utilities, and an existing Boys and Girls Club tenant.

    View details
    School Campus with High Ceilings
    School Campus with High Ceilings

    8231 South Shore Drive, Chicago, IL 60617

    $600,000
    0.79 AC lot

    Former Catholic school campus with active utilities, flexible interiors, and RS-3 zoning in Chicago’s South Shore area.

    View details
    Former School Building in South Shore
    Former School Building in South Shore

    7550 S Phillips Avenue, Chicago, IL, Chicago, IL 60649

    Contact for pricing
    15,000 sqft

    Versatile building in Chicago's South Shore neighborhood.

    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.

    5858 400th W
    COLLEGE, UNIVERSITY, VOC SCHOOL

    5858 400th W, Michigan City, IN 46360-9721

    $235,000
    Estimated value
    1,200 sqft 1.30 AC lot
    View details

    Michigan City, IN Schools Market Trends and Statistics

    Explore 3 schools for sale in Michigan City, IN on our real estate platform. These investment opportunities span a total of 7,680 square feet of properties for sale, with an estimated market value of $1,399,800.

    Sale prices for school buildings & campuses in Michigan City, IN average $699,900 — 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

    Churches & religious facilities 5
    Wedding venues 5
    Schools 2
    Marinas 1
    NNN properties 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 $699.9K

    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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    Most Searched ZIP Codes in Michigan City, IN

    • 46360

    Featured Michigan City Real Estate Agencies

    Realmo connects you with licensed Michigan City CRE brokers providing property specifications, local market pricing, and commercial transaction underwriting support.

    Century 21 Middleton Co.
    4121 S. Franklin St Michigan City, IN 46360
    Phone: 12198742121
    www.C21Middleton.com
    d'aprile properties llc
    827 1/2 Franklin Street Michigan City, IN 46360
    Phone: 12198774014
    www.daprileproperties.com

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