0 Franklin St, Michigan City, IN 46360
$1,399,000
Property Type:
Commercial Sale
Square Footage:
2
Lot Size (sq. ft.):
74,923
Status:
Active
Current Price:
$1,399,000
List Date:
2/24/2026
Last Modified:
4/22/2026
Listing Details MLS# 834470
General Property Information
- Living Area
- 1.7
- Building Area Source
- Assessor
- Year Built
- 1800
- Lot Size Acres
- 1.72
- Lot Size Square Feet
- 74923.2
- Lot Size Source
- Assessor
- Waterfront YN
- No
- Basement YN
- No
- Number Of Units Total
- 0
- Parking Total
- 0
Property Features
Building Features:
Business District Location
Business Type:
Auto Service; Hotel/Motel; Medical; Professional/Office; Restaurant; Retail; Other
Construction Materials:
Other
Cooling:
None
Current Use:
Commercial; Vacant
Electric:
Other
Exterior Features:
Other
Flooring:
Other
Heating:
Other
Listing Terms:
Cash
Lot Features:
Corner Lot; Few Trees; Rectangular Lot
Owner Pays:
Other
Possession:
Close Of Escrow
Possible Use:
Commercial
Rail Availability:
None
Roof:
Other
Sewer:
Public Sewer
Special Listing Conditions:
Standard
Tenant Pays:
Other
Utilities:
Electricity Available; Natural Gas Available; Sewer Available; Water Available
Water Source:
Public
Contract Information
- Auction YN
- No
- Original List Price
- 1499000
- Property Sub Type
- Unimproved Land
- Listing Agreement
- Exclusive Right To Sell
- Seller to consider offering concessions
- No
- Occupant Type
- Vacant
Location Tax and Legal
- Street Name
- Franklin St
- County
- La Porte
- State
- IN
- Postal Code
- 46360
Remarks and Miscellaneous
- Public Remarks
- Prime Commercial Opportunity - Highway 421 (Franklin Street). Exceptional 1.72-acre corner lot located directly on highly traveled Highway 421 (Franklin Street) in the heart of Michigan City's primary retail corridor. This property offers excellent visibility, strong traffic counts, and easy access, making it ideal for retail, hospitality, restaurant, medical, or service-oriented development. The site is surrounded by major national retailers including Walmart Supercenter, Meijer, Lowe's Home Improvement, Menards, Hobby Lobby, TJ Maxx, R.P. Home & Harvest, Kohl's, and many others—creating a powerful retail draw and steady consumer traffic. Strategically positioned with 14 hotels within a one-mile radius and just minutes from the I-94 interchange, the location captures both local and interstate traffic. 1.2 acres development-ready at the front of the parcel Strong corner presence High-growth commercial corridor Excellent accessibility With approximately 3.3 million annual visitors, Michigan City continues to establish itself as a regional destination. The area is currently experiencing nearly 2 billion in ongoing and planned development, along with new residential communities under construction—driving additional demand and long-term growth. This is one of the last remaining commercial land opportunities on Franklin Street. contact us for more information.
Status Change Information
- Major Change Timestamp
- 2026-04-22T18:40:27Z
- Major Change Type
- Price Reduced
- Price Change Timestamp
- 2026-04-22T18:40:27Z
- Status Change Timestamp
- 2026-02-24
More Information
Exemption Information
- Exemption YN
- No
Showing Requirements
- Showing Instructions
- Go and Show
Location, Tax, and Legal
- Tax Annual Amount
- 1290
- Tax Year
- 2025
- Tax Legal Description
- 13-05-09-300-012 PCE 150 X 500 FT CMG 945 FT N & 52.29 FT E OF SW COR SW 1/4 S 9 T37 R4. 1.722 A
- Parcel Number
- 460509300012000009
- Zoning Description
- Commercial
- Township
- Michigan
- Directions
- Highway 94 to North Michigan City Exit, one block to property on the right side, across the street from Panera Bread, on Franklin St, on the corner of Franklin St and the entrance of Walmart St.
- Cross Street
- Panera Bread
Construction Materials
- Other
- Yes
Cooling
- None
- Yes
Electric
- Other
- Yes
Exterior Features
- Other
- Yes
Flooring
- Other
- Yes
Heating
- Other
- Yes
Listing Terms
- Cash
- Yes
Lot Features
- Corner Lot
- Yes
- Few Trees
- Yes
- Rectangular Lot
- Yes
Possession
- Close Of Escrow
- Yes
Roof
- Other
- Yes
Sewer
- Public Sewer
- Yes
Special Listing Conditions
- Standard
- Yes
Utilities
- Electricity Available
- Yes
- Natural Gas Available
- Yes
- Sewer Available
- Yes
- Water Available
- Yes
Water Source
- Public
- Yes
Owner Pays
- Other
- Yes
Tenant Pays
- Other
- Yes
Current Use
- Commercial
- Yes
- Vacant
- Yes
Possible Use
- Commercial
- Yes
Building Features
- Business District Location
- Yes
Business Type
- Auto Service
- Yes
- Hotel/Motel
- Yes
- Medical
- Yes
- Professional/Office
- Yes
- Restaurant
- Yes
- Retail
- Yes
- Other
- Yes
Rail Availability
- None
- Yes
Listing Office:
Coldwell Banker Real Estate Gr
Last Updated: April - 22 - 2026
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