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2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
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2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
2701-03 Franklin Street
Courtesy of @properties/Christie's Intl RE, Giorgios Karayannis, Listing Contact: (219) 805-6754 
Sold

2701-03 Franklin Street

2701-03 Franklin Street, Michigan City, IN 46360

$587,000
BEAUTIFULLY PRESENTED, VIBRANT LOCATION for this prized gem in your investment portfolio boasting a 10 percent cap rate. A low-maintenance, multi-unit commercial property is in the heart of the booming Michigan City's midtown area. This classic building has been brought into modern times completely renovated in 2020 and 2022 from floor to ceiling. Perfectly positioned on a corner of the bustling Franklin Street, poised to capture maximum visibility and foot traffic, ensuring sustained profitability for years to come. You will find intelligent updates throughout; 2-stage variable speed high-efficiency furnaces, 3-phase electric, all LED lighting, closed-cell insulation, Nova basement system, and many more advanced features to finish this impressive property that will leave you worry-free for years to come. Long-term tenants have already established a solid foundation, providing a steady income stream from day one. Feel secure with an optometry practice established in 1924 and an innovative salon as successful, long-term tenants providing reliability, securing this property's status as an exceptionally high return. Join the ranks of visionary investors who recognize this prime location and claim your stake in the future of Michigan City!

4,157 Sq.Ft. LIVING AREA

6,860.7 Sq.Ft. lot

Giorgios Karayannis

Giorgios Karayannis

Features & Amenities

Interior

  • APPLIANCES Water Heater
  • other interior Features High Ceilings, Recessed Lighting

Area & Lot

  • Status Sold
  • Date Sold April 8, 2026
  • Living Area4,157 Sq.Ft.
  • Lot Area6,860.7 Sq.Ft.
  • MLS® ID830759
  • TypeCommercial
  • YEAR BUILT1925
  • NeighborhoodMichigan City

Exterior

  • water SourcePublic
  • utilitiesCable Available, Water Connected, Sewer Connected, Natural Gas Connected, Electricity Connected
  • lot featuresCorner Lot
  • parkingAdditional Parking, On Street, Concrete
  • HEAT TYPENatural Gas
  • sewerPublic Sewer
  • security FeaturesFire Alarm, Security System, Smoke Detector(s)
  • other exterior FeaturesStorage

Financial

  • Sales Price$587,000
  • Real Estate Tax $3,726/yr

Michigan City

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His mission is to guide you when you are selling and buying your home or commercial property. He accomplishes this by being committed and deliberate in the process while utilizing the powerful platforms @properties has built to achieve his clients' success and meet their expectations.

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