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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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$650,000

2701-03 Franklin Street

4,157 Sq.Ft.

Description

BEAUTIFULLY PRESENTED, VIBRANT LOCATION for this prized gem in your investment portfolio boasting a 9 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!

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Location

2701-03 Franklin Street, Michigan City, IN 46360

Status

For Sale
Giorgios Karayannis

Giorgios Karayannis

Property Amenities

Interior
Appliances Water Heater
Flooring Concrete
Other Interior Features Recessed Lighting
Area & Lot
Lot Area 6,860.7 Sq.Ft.
Living area 4,157 Sq.Ft.
MLS® ID 820160
Year Built 1925
Type Commercial
Status For Sale
Exterior
Air conditioning Central Air
Water Source Public
Security Features Fire Alarm, Security System, Smoke Detector(s)
Sewer Public Sewer
Parking Additional Parking, On Street, Concrete
Lot Features Corner Lot
Roof Other
Utilities Cable Available, Water Connected, Sewer Connected, Natural Gas Connected, Electricity Connected
Finance
Sales Price $650,000
Real Estate Tax $3,549 yearly
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Schedule a Showing

I would love to show you our beautiful property. Please select your preferred date and time below. I will be in touch shortly to confirm your appointment.
Thank you for your interest in 2701-03 Franklin Street, Michigan City, IN 46360. We are reviewing your request and will be in touch shortly!

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