4121 Franklin Street, Michigan City, IN 46360
$699,900
Property Type:
Commercial Sale
Square Footage:
3,840
Lot Size (sq. ft.):
21,780
Status:
Active
Current Price:
$699,900
List Date:
9/14/2026
Last Modified:
9/18/2026
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 (plumbed for 2 additional bathrooms), 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
- 2026-09-14T22:44:47Z
- Major Change Type
- Back on Market
- Price Change Timestamp
- 2026-03-27T19:18:29Z
- Status Change Timestamp
- 2026-09-14
More Information
Building Features
- Building Dimensions
- 70 x 60
- Cranes
- NO
- Number of Offices
- 11
- Office SqFt
- 3840
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
Showing Requirements
- Showing Instructions
- M-F anytime after 2:30 Anytime on the Weekends
Listing Office:
Realty Executives Premier
Last Updated: September - 18 - 2026
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