1416 Franklin Street, Michigan City, IN 46360 (MLS# 835851)

1416 Franklin Street, Michigan City, IN 46360

$649,000

Property Type: Commercial Sale Square Footage: 12,470 Lot Size (sq. ft.): 18,295 Status: Active

Current Price: $649,000 List Date: 3/21/2026 Last Modified: 5/15/2026

Overview

Description

This versatile space is designed for multi-tenant use, offering strong investment and income potential. 3 blocks from the new South Shore train Station and "The Franklin" luxury apartment development. On the street level along Franklin Street, you'll find a spacious three-office suite along with a separate standalone retail space, perfect for a variety of business uses. The second floor features a residential unit with 2 bedrooms and 1.5 bathrooms—ideal for owner occupancy or rental income. The main building has a brand-new roof installed in 2025, adding peace of mind for future ownership. At the rear of the property on Ripley sits an industrial building, formerly home to a bolt company. This structure includes a loading dock and generous warehouse space, making it ideal for storage, light manufacturing, or distribution. Located in a rapidly developing area with increasing foot traffic and investment, this property offers endless possibilities for entrepreneurs and investors ali ... (Read more)

Listing Details MLS# 835851

General Property Information

Number Of Units Total: 4
Living Area: 12470
Building Area Source: Assessor
Year Built: 1947
Parking Total: 14
Lot Size Acres: 0.42
Lot Size Square Feet: 18295
Lot Size Source: Assessor
Waterfront YN: No
Basement YN: Yes
Stories: 2

Property Features

Appliances: Dryer; Freezer; Gas Range; Refrigerator; Washer Basement: Unfinished Building Features: Business District Location; Courtyard; Multi Tenant; Open Dock(s); Private Restrooms; Shower/Locker Room Business Type: Industrial; Medical; Mixed; Professional/Office; Retail; Warehouse Construction Materials: Brick Cooling: Central Air; Zoned Current Use: Mini-Storage; Mixed Use; Residential; Unimproved; Vacant Electric: 100 Amp Service Exterior Features: Storage Flooring: Carpet; Concrete; Hardwood Heating: Forced Air; Natural Gas Laundry Features: Electric Dryer Hookup; Gas Dryer Hookup; Lower Level; Main Level; Upper Level; Washer Hookup Listing Terms: Cash; Contract; Conventional; Owner Assisted Lock Box Information: Call Listing Office Lot Features: Corner Lot; Landscaped Owner Pays: All Utilities; Electricity; Grounds Care; Hot Water; HVAC Maintenance; Insurance; Repairs; Roof Maintenance; Sewer; Taxes; Water Parking Features: Additional Parking; On Street Possession: Subject To Tenant Rights Possible Use: Industrial; Medical/Dental; Mini-Storage; Mixed Use; Multi-Family; Office; Residential; Retail; Unimproved; Warehouse Rail Availability: None Roof: Asphalt Security Features: Fire Alarm Sewer: Public Sewer Special Listing Conditions: None Tenant Pays: None Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Water Source: Public

Contract Information

Auction YN: No
Original List Price: 649000
Property Sub Type: Mixed Use
Listing Agreement: Exclusive Right To Sell
Seller to consider offering concessions: No
Common Interest: None
Occupant Type: Tenant

Location Tax and Legal

Street Number: 1416
Street Name: Franklin
Street Suffix: Street
County: La Porte
State: IN
Postal Code: 46360
Subdivision Name: Land Cos Add/Michigan City

Remarks and Miscellaneous

Public Remarks: This versatile space is designed for multi-tenant use, offering strong investment and income potential. 3 blocks from the new South Shore train Station and "The Franklin" luxury apartment development. On the street level along Franklin Street, you'll find a spacious three-office suite along with a separate standalone retail space, perfect for a variety of business uses. The second floor features a residential unit with 2 bedrooms and 1.5 bathrooms—ideal for owner occupancy or rental income. The main building has a brand-new roof installed in 2025, adding peace of mind for future ownership. At the rear of the property on Ripley sits an industrial building, formerly home to a bolt company. This structure includes a loading dock and generous warehouse space, making it ideal for storage, light manufacturing, or distribution. Located in a rapidly developing area with increasing foot traffic and investment, this property offers endless possibilities for entrepreneurs and investors alike. Schedule your tour today and explore the potential firsthand.

Status Change Information

Major Change Timestamp: 2026-03-21T18:39:59Z
Major Change Type: New Listing
Status Change Timestamp: 2026-03-21

More Information

Building Features

Number of Offices: 7
Overhead Doors: 2
Business District Location: Yes
Courtyard: Yes
Multi Tenant: Yes
Open Dock(s): Yes
Private Restrooms: Yes
Shower/Locker Room: Yes

Exemption Information

Exemption YN: No

Showing Requirements

Showing Instructions: Minimum 24 hour notice required, listing agent must be present.

Location, Tax, and Legal

Tax Annual Amount: 5663
Tax Year: 2024
Tax Legal Description: 42-01-32-229-011 LAND CO LTS 5-8-9 & S1/2 LTS 1 & 4 BLK 105
Parcel Number: 460132229011000022
Township: Michigan
Directions: Franklin St to Ripley
Census Tract: 408

Appliances

Dryer: Yes
Freezer: Yes
Gas Range: Yes
Refrigerator: Yes
Washer: Yes

Basement

Unfinished: Yes

Construction Materials

Brick: Yes

Cooling

Central Air: Yes
Zoned: Yes

Electric

100 Amp Service: Yes

Exterior Features

Storage: Yes

Flooring

Carpet: Yes
Concrete: Yes
Hardwood: Yes

Heating

Forced Air: Yes
Natural Gas: Yes

Laundry Features

Electric Dryer Hookup: Yes
Gas Dryer Hookup: Yes
Lower Level: Yes
Main Level: Yes
Upper Level: Yes
Washer Hookup: Yes

Listing Terms

Cash: Yes
Contract: Yes
Conventional: Yes
Owner Assisted: Yes

Lock Box Information

Call Listing Office: Yes

Lot Features

Corner Lot: Yes
Landscaped: Yes

Parking Features

Additional Parking: Yes
On Street: Yes

Possession

Subject To Tenant Rights: Yes

Roof

Asphalt: Yes

Security Features

Fire Alarm: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

None: Yes

Utilities

Electricity Connected: Yes
Natural Gas Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

View

City: Yes

Water Source

Public: Yes

Owner Pays

All Utilities: Yes
Electricity: Yes
Grounds Care: Yes
Hot Water: Yes
HVAC Maintenance: Yes
Insurance: Yes
Repairs: Yes
Roof Maintenance: Yes
Sewer: Yes
Taxes: Yes
Water: Yes

Tenant Pays

None: Yes

Current Use

Mini-Storage: Yes
Mixed Use: Yes
Residential: Yes
Unimproved: Yes
Vacant: Yes

Possible Use

Industrial: Yes
Medical/Dental: Yes
Mini-Storage: Yes
Mixed Use: Yes
Multi-Family: Yes
Office: Yes
Residential: Yes
Retail: Yes
Unimproved: Yes
Warehouse: Yes

Business Type

Industrial: Yes
Medical: Yes
Mixed: Yes
Professional/Office: Yes
Retail: Yes
Warehouse: Yes

Rail Availability

None: Yes

Listing Office: Coldwell Banker Real Estate Gr

Last Updated: May - 15 - 2026

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