4211 Franklin Street, Michigan City, IN 46360
$58,850
Property Type:
Land
Lot Size (sq. ft.):
614,675
Status:
Closed
Current Price:
$58,850
List Date:
3/18/2025
Last Modified:
5/13/2025
Listing Details MLS# 817630
General Property Information
- Lot Size Acres
- 14.111
- Lot Size Square Feet
- 614675.16
- Lot Size Source
- Assessor
- Association YN
- No
- Waterfront YN
- No
- Sold Price/Acre
- 4170.8
- List Price/Acre
- 0
Property Features
Current Use:
Commercial; Unimproved; Vacant
Development Status:
Raw Land
Electric:
Other
Listing Terms:
Cash; Conventional
Lot Features:
Other
Possession:
Close Of Escrow
Possible Use:
Commercial; Development; Investment; Mini-Storage; Retail; Unimproved; Vacant
Sewer:
Public Sewer; Other
Utilities:
Electricity Available; Sewer Available; Water Available
Water Source:
Public; Other
Contract Information
- Auction YN
- Yes
- Property Sub Type
- Unimproved Land
- Lease Considered YN
- No
- Listing Agreement
- Exclusive Right To Sell
- Seller to consider offering concessions
- No
- Occupant Type
- Vacant
Location Tax and Legal
- Street Number
- 4211
- Street Name
- Franklin
- Street Suffix
- Street
- County
- La Porte
- State
- IN
- Postal Code
- 46360
Remarks and Miscellaneous
- Public Remarks
- Seize this exceptional opportunity to invest in prime commercial real estate in Michigan City! Perfectly positioned for development, this vacant parcel is located in a high-traffic area near the bustling intersection of Franklin Street and US-20. The property is bordered to the south by the Runnings store and parking lot and to the east by a thriving strip mall featuring Cindy's Nails and the US Army Recruiting office, along with nearby businesses such as Patrick's Grille and IN Aspire Academy. To the north, the property shares a boundary with the popular Dunes Plaza shopping complex, home to national retailers like Kohl's, Ross, and T.J. Maxx. Access to the property is provided via an easement through the shopping mall to the north—see listing photos for the easement map. The soil type is Blount silt loam with 0-2% slopes, providing a solid foundation for future development. Taxes for 2023 payable in 2024 are $10,161, with a circuit breaker adjustment of $2,278.44. This property is being offered through an absolute online-only auction, meaning it will sell to the highest bidder with no reserve. Bidding is open now, with the auction beginning to close on April 17, 2025, at 5:00 PM CT. Don't miss out on this prime commercial opportunity—visit the auction site for full details and to place your bids!
Status Change Information
- Major Change Timestamp
- 2025-05-13T19:18:18Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2025-05-13
- Offer Acceptance Date
- 2025-04-18
- Close Date
- 2025-05-13
- Close Price
- 58850
- Concessions
- No
- Buyer Financing
- Cash
More Information
Exemption Information
- Exemption YN
- No
Auction
- Online Bidding
- Yes
- Website URL
- https://bid.kraftauctions.com/auctions/136/lot/68178-14-acre-commercial-michigan-city-real-estate
- Pre-Auction Offers Accepted
- No
- Auction Type
- Absolute
- Auction Date
- 2025-04-17
- Auction Time
- 5:00 PM CT
- Buyer Premium YN
- Yes
- Buyer Premium Amount
- 10
- Auctioneer License Number
- AC31900011
- Auctioneer Comments
- Buyer's premium is 10% or $3500, whichever is greater.
Showing Requirements
- Showing Instructions
- Available for viewing during daylight hours.
Location, Tax, and Legal
- Tax Annual Amount
- 10161
- Tax Year
- 2023
- Tax Legal Description
- 13-05-08-226-023 IN E1/2 NE1/4 CMG 1242.02 FT N & 442.93 FT W OF E QTR COR S8 T37 R4 8.223 A, 13-05-08-226-030 PCE IN E1/2 NE1/4 CMG 991.96 FT N & 442.93 FT W OF E QTR COR S8 T37 R4 5.888 AC (APPROX)
- Parcel Number
- 460508226030000009
- Additional Parcels YN
- Yes
- Additional Parcels Description
- 46-05-08-226-023.000-009
- Zoning Description
- Commercial
- Township
- Coolspring
- Directions
- From US-20 and Franklin St/421, enter the Dunes Plaza shopping center. Access to the northern boundary of the property is available just south of the mall including Kohl's, T.J. Maxx, and Ross.
Electric
- Other
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Lot Features
- Other
- Yes
Possession
- Close Of Escrow
- Yes
Sewer
- Public Sewer
- Yes
- Other
- Yes
Utilities
- Electricity Available
- Yes
- Sewer Available
- Yes
- Water Available
- Yes
View
- City
- Yes
Water Source
- Public
- Yes
- Other
- Yes
Current Use
- Commercial
- Yes
- Unimproved
- Yes
- Vacant
- Yes
Development Status
- Raw Land
- Yes
Possible Use
- Commercial
- Yes
- Development
- Yes
- Investment
- Yes
- Mini-Storage
- Yes
- Retail
- Yes
- Unimproved
- Yes
- Vacant
- Yes
Listing Office:
Kraft Real Estate Auctions, LL
Last Updated: May - 13 - 2025
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