Active

710 Franklin Street

Michigan City IN, 46360

$2,000,000


$95.24 per sqft

Active

21,000 sqft

Commercial

Built in 1914

Amazing opportunity to buy this 21,000 (+/-) sq ft building and parking lot in the Uptown Arts DistCL A. apx 123 X 165. Corner of Franklin & 7th. HealthLinc occupies 85% of the building, they are moving to a new facility 4-1-24. Multiple offices, set up for many uses.Potential to convert to Mixed-Use. Michigan City will give grants up to $15,000 per unit for residential rentals. The parking lot also has development potential. 4 blocks to the south shore train with the express train (60 mins) to downtown Chicago. 20 mins to Michigan. This is the new IT lakefront community you want to be!!This property is blocks from Sola, $240M mixed use development, which includes hotel residences & retail and Station Block, the $93M+ which will include 220 residential units and poised to include retail/commercial units. This will directly impact the area with the estimated increase in value of $50M once complete. The office retail spaces in the building are currently for LEASE.

543843

MLS ID

January 12, 2024

Listed

May 9, 2024

Updated

Map

710 Franklin Street
Michigan City IN, 46360

Interior Features

Total Stories

2


Interior Features

Elevator


Floor Description

Carpet


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Natural Gas, Forced Air

Exterior/Building Features

Lot Size

0.16 Acres


Lot Features

Corner Lot


Roof

Flat, Membrane, Rubber

Other Property Details

Days on Market

112


Garage

No


Parking

Common, Paved, Private


View

No


County

La Porte


Municipality

Michigan


Pool

No


Zoning

Commercial


Buyer Agency Compensation

2.5%

Courtesy of Coldwell Banker Real Estate Gr, Jina Ko,
Listing Contact:  

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