4121 Franklin Street, Michigan City, IN 46360 (MLS# 830817)

4121 Franklin Street, Michigan City, IN 46360

$699,900

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Property Type: Commercial Sale Square Footage: 3,840 Lot Size (sq. ft.): 21,780 Status: Active

Current Price: $699,900 List Date: 11/14/2025 Last Modified: 5/11/2026

Overview

Description

This Versatile Building, previously a Real Estate Office for 40 years, Boasts an Impressive 3,840 square & features three Separate Entrances - allowing for more than one Business to Occupy. Perfectly situated on a spacious 1/2 Acre Lot (150 ft. of Frontage), the Property has Excellent Visibility includes 24 Designated Parking Spaces and a Lighted Marquee which Enhances its Visibility even further!! The Building has 11 Offices with New LED Lighting, 2 Restrooms, Spacious Entrance Foyer & Waiting Area, Sizable Meeting/Gathering Room or Break Room, New Deck in the back allows for Outdoor Breaks plus it is Equipped with two BRAND NEW Furnaces & two BRAND NEW Central Air Conditioning Units ~ each with its Own Meter's. Conveniently Located near I-94 & within an Established Shopping Area of Michigan City this location enjoy's an Annual Average Daily Traffic Count of approximately 23,000, Guaranteeing Excellent Exposure for your Business Endeavors. Building is currently being Utilized ... (Read more)

Listing Details MLS# 830817

General Property Information

Number Of Units Total: Yes
Living Area: 3840
Building Area Source: Assessor
Accessibility Features YN: Yes
Year Built: 1984
Parking Total: 24
Lot Size Acres: 0.5
Lot Size Square Feet: 21780
Lot Size Source: Assessor
Waterfront YN: No
Basement YN: No
Stories: Yes

Property Features

Accessibility Features: Accessible Doors Appliances: Microwave; Refrigerator; Stainless Steel Appliance(s); Water Heater Building Features: Business District Location; Exterior Lighting; High Speed Internet; Lunch Room; Meeting Room; Mixed Use; Multi Tenant; Office Park Location; Private Restrooms; Public Restrooms; Sheet Rock Ceiling(s); Sundeck Business Type: Medical; Mixed; Professional/Office; Retail Construction Materials: Brick; Vinyl Siding Cooling: Central Air; Zoned Current Use: Commercial; Office Electric: 200+ Amp Service Exterior Features: Lighting; Rain Gutters; Storage Flooring: Carpet; Tile Heating: Forced Air; Natural Gas Interior Features: Entrance Foyer; Laminate Counters; Recessed Lighting Listing Terms: Cash; Conventional Lock Box Information: SentriLock Lot Features: Few Trees; Landscaped; Near Public Transit; Paved Owner Pays: Exterior Maintenance; Insurance; Other Tax; Pest Control; Repairs; Roof Maintenance; Taxes Parking Features: Concrete; Paved Possession: Subject To Tenant Rights Possible Use: Commercial; Investment; Medical/Dental; Mixed Use; Nursery; Office; Place of Worship; Retail Rail Availability: None Roof: Asphalt Security Features: Carbon Monoxide Detector(s); Smoke Detector(s) Sewer: Public Sewer Special Licenses: None Special Listing Conditions: None Tenant Pays: All Utilities; Electricity; Gas; Snow Removal; Telephone Utilities: Cable Available; Cable Connected; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Water Source: Public

Contract Information

Auction YN: No
Original List Price: 799000
Property Sub Type: Office
Listing Agreement: Exclusive Agency
Seller to consider offering concessions: Yes
Common Interest: None
Occupant Type: Tenant

Location Tax and Legal

Street Number: 4121
Street Name: Franklin
Street Suffix: Street
County: La Porte
State: IN
Postal Code: 46360

Remarks and Miscellaneous

Public Remarks: This Versatile Building, previously a Real Estate Office for 40 years, Boasts an Impressive 3,840 square & features three Separate Entrances - allowing for more than one Business to Occupy. Perfectly situated on a spacious 1/2 Acre Lot (150 ft. of Frontage), the Property has Excellent Visibility includes 24 Designated Parking Spaces and a Lighted Marquee which Enhances its Visibility even further!! The Building has 11 Offices with New LED Lighting, 2 Restrooms, Spacious Entrance Foyer & Waiting Area, Sizable Meeting/Gathering Room or Break Room, New Deck in the back allows for Outdoor Breaks plus it is Equipped with two BRAND NEW Furnaces & two BRAND NEW Central Air Conditioning Units ~ each with its Own Meter's. Conveniently Located near I-94 & within an Established Shopping Area of Michigan City this location enjoy's an Annual Average Daily Traffic Count of approximately 23,000, Guaranteeing Excellent Exposure for your Business Endeavors. Building is currently being Utilized as a School. This Property has been Meticulously Maintained and is in Excellent Condition Both Inside and Out... 14 Acres For Sale behind this property zoned Commercial B2 also available (MLS 834427)

Status Change Information

Major Change Timestamp: 2026-03-27T19:18:29Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-03-27T19:18:29Z
Status Change Timestamp: 2025-11-14

More Information

Building Features

Building Dimensions: 70 x 60
Cranes: NO
Number of Offices: 11
Office SqFt: 3840
Business District Location: Yes
Exterior Lighting: Yes
High Speed Internet: Yes
Lunch Room: Yes
Meeting Room: Yes
Mixed Use: Yes
Multi Tenant: Yes
Office Park Location: Yes
Private Restrooms: Yes
Public Restrooms: Yes
Sheet Rock Ceiling(s): Yes
Sundeck: Yes

Exemption Information

Exemption YN: No

Income and Expenses

Cap Rate: 8.3
Gross Income: 81680
Insurance Expense: 2756
Maintenance Expense: 368
Net Operating Income: 66604
Pest Control Expense: 320
Other Expense: 0

Showing Requirements

Showing Instructions: M-F anytime after 2:30 Anytime on the Weekends

Location, Tax, and Legal

Tax Annual Amount: 11500
Tax Year: 2024
Tax Legal Description: PCE 150 X 150 FT IN E 1/2 NE 1/4 CMG. 1496.02 FT N OF 42.93 FT W OF E QTR. COR S8 T37 R4. .51 A.
Parcel Number: 460508226013000009
Additional Parcels YN: No
Zoning Description: Commercial
Township: Coolspring
Directions: US Route 20 to Franklin St. 421 South to Property
Cross Street: US Route 20

Accessibility Features

Accessible Doors: Yes

Appliances

Microwave: Yes
Refrigerator: Yes
Stainless Steel Appliance(s): Yes
Water Heater: Yes

Construction Materials

Brick: Yes
Vinyl Siding: Yes

Cooling

Central Air: Yes
Zoned: Yes

Electric

200+ Amp Service: Yes

Exterior Features

Lighting: Yes
Rain Gutters: Yes
Storage: Yes

Flooring

Carpet: Yes
Tile: Yes

Heating

Forced Air: Yes
Natural Gas: Yes

Interior Features

Entrance Foyer: Yes
Laminate Counters: Yes
Recessed Lighting: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lock Box Information

SentriLock: Yes

Lot Features

Few Trees: Yes
Landscaped: Yes
Near Public Transit: Yes
Paved: Yes

Parking Features

Concrete: Yes
Paved: Yes

Possession

Subject To Tenant Rights: Yes

Roof

Asphalt: Yes

Security Features

Carbon Monoxide Detector(s): Yes
Smoke Detector(s): Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

None: Yes

Utilities

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

View

City: Yes

Water Source

Public: Yes

Owner Pays

Exterior Maintenance: Yes
Insurance: Yes
Other Tax: Yes
Pest Control: Yes
Repairs: Yes
Roof Maintenance: Yes
Taxes: Yes

Tenant Pays

All Utilities: Yes
Electricity: Yes
Gas: Yes
Snow Removal: Yes
Telephone: Yes

Current Use

Commercial: Yes
Office: Yes

Possible Use

Commercial: Yes
Investment: Yes
Medical/Dental: Yes
Mixed Use: Yes
Nursery: Yes
Office: Yes
Place of Worship: Yes
Retail: Yes

Business Type

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

Rail Availability

None: Yes

Special Licenses

None: Yes

Listing Office: Realty Executives Premier

Last Updated: May - 11 - 2026

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