3940 Franklin Street, Michigan City, IN 46360

$675,000
Property Type: Commercial Sale Square Footage: 5,726 Lot Size (sq. ft.): 66,211 Status: Accepting Backup Offers
Current Price: $675,000 List Date: 1/04/2026 Last Modified: 9/13/2026

Overview

Description

This commercial property has 130' of frontage on highly trafficked Franklin Street, just north of Highway 20. Currently set up as a large restaurant, it features a bright entrance foyer and waiting area with seating for 12 and 3 indoor dining rooms plus a 3-season room with ceiling heaters. All dining rooms feature stone gas fireplaces. Three beverage/server stations, a large dish pit room, a 12-seat bar, and substantial kitchen space, along with 2 walk-ins and basement leave potential for many dining options. 3-way liquor license available with acceptable offer. Property also listed for lease; see MLS #826377.

Listing Details MLS# 832360

General Property Information

Number Of Units Total
Yes
Living Area
5726
Building Area Source
Assessor
Year Built
1965
Parking Total
40
Lot Size Acres
1.52
Lot Size Square Feet
66211.2
Lot Size Source
Assessor
Waterfront YN
No
Basement YN
Yes

Property Features

Basement: Other Building Features: Exterior Lighting; Patio; Public Restrooms; Skylight(s) Business Type: Restaurant Construction Materials: Other Cooling: Central Air Current Use: Mixed Use; Parking Lot; Retail; Vacant Electric: 200+ Amp Service Exterior Features: Lighting Heating: Natural Gas Interior Features: Entrance Foyer Listing Terms: Cash; Conventional Lock Box Information: SentriLock Owner Pays: All Utilities Parking Features: Paved Possession: Close Of Escrow Possible Use: Investment; Medical/Dental; Mixed Use; Office; Recreational; Warehouse; Other Rail Availability: None Roof: Other Sewer: Public Sewer Special Licenses: Liquor Special Listing Conditions: Standard Tenant Pays: None Utilities: Electricity Connected; Natural Gas Connected; Water Connected Water Source: Public

Contract Information

Auction YN
No
Original List Price
799900
Property Sub Type
Retail
Listing Agreement
Exclusive Right To Sell
Occupant Type
Vacant

Location Tax and Legal

Street Number
3940
Street Name
Franklin
Street Suffix
Street
County
La Porte
State
IN
Postal Code
46360

Remarks and Miscellaneous

Public Remarks
This commercial property has 130' of frontage on highly trafficked Franklin Street, just north of Highway 20. Currently set up as a large restaurant, it features a bright entrance foyer and waiting area with seating for 12 and 3 indoor dining rooms plus a 3-season room with ceiling heaters. All dining rooms feature stone gas fireplaces. Three beverage/server stations, a large dish pit room, a 12-seat bar, and substantial kitchen space, along with 2 walk-ins and basement leave potential for many dining options. 3-way liquor license available with acceptable offer. Property also listed for lease; see MLS #826377.

Status Change Information

Major Change Timestamp
2026-03-18T18:38:47Z
Major Change Type
Status Change
Price Change Timestamp
2026-03-03T20:40:45Z
Status Change Timestamp
2026-03-18
Contingent
Accepting Backup Offers
Offer Acceptance Date
2026-03-16

More Information

Exemption Information

Exemption YN
No

Showing Requirements

Showing Instructions
Use ShowingTime. Buyer to provide proof of funds or preapproval prior to showing.
Listing Office: @properties/Christie's Intl RE
Last Updated: September - 13 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2024 Triangle MLS, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
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