717 Michigan Avenue, La Porte, IN 46350 (MLS# 833524)

717 Michigan Avenue, La Porte, IN 46350

$675,000

Property Type: Commercial Sale Square Footage: 15,651 Lot Size (sq. ft.): 5,566 Status: Active

Current Price: $675,000 List Date: 2/02/2026 Last Modified: 4/25/2026

Overview

Description

Iconic three-story commercial building totaling approximately 20,868 SF, prominently located in the heart of historic downtown LaPorte. This well-maintained property offers a compelling blend of stable occupancy and future value-add potential. The first floor is fully leased to long-term tenants with a proven payment history. The second floor is home to the seller's accounting firm, who will lease back from the future owner, creating immediate stability for an investor or owner-user. The third floor presents a standout creative opportunity. Currently listed for lease, the space features an expansive 2,312 SF open-concept area with dramatic 20-foot ceilings, hardwood flooring, oversized windows, and exceptional natural light. Three additional rooms make up this future lease space. A leased apartment is also located on the third floor, accessible via elevator and stairwell. This expansive open area is an ideal setting for a dance studio, yoga or wellness space, martial arts or karate d ... (Read more)

Listing Details MLS# 833524

General Property Information

Number Of Units Total: 9
Living Area: 15651
Building Area Source: Assessor
Accessibility Features YN: Yes
Year Built: 1889
Parking Total: 11
Lot Size Acres: 0.1278
Lot Size Square Feet: 5566
Lot Size Source: Assessor
Waterfront YN: No
Basement YN: Yes
Stories: 3

Property Features

Accessibility Features: Accessible Approach with Ramp Appliances: Water Heater Basement: Full; Interior Entry; Partially Finished; Storage Space; Walk-Out Access Building Features: Acoustical Ceiling(s); Business District Location; Enclosed Stair(s); Exterior Lighting; High Speed Internet; Inside Corridor(s); Meeting Room; Mixed Use; Multi Tenant; Passenger Elevator(s); Private Restrooms; Sheet Rock Ceiling(s); Suspended Ceiling(s) Business Type: Medical; Mixed; Professional/Office; Restaurant; Retail; Other Construction Materials: Brick Cooling: Central Air Current Use: Commercial; Investment; Mixed Use; Office; Retail; Vacant Electric: 200+ Amp Service Exterior Features: Lighting Flooring: Carpet; Hardwood; Laminate; Tile; Vinyl Heating: Forced Air Interior Features: Ceiling Fan(s); Crown Molding; Entrance Foyer; High Ceilings; Open Floorplan; Vaulted Ceiling(s) Laundry Features: Other Listing Terms: Cash; Conventional; Lease Purchase; Owner Assisted Lot Features: Corner Lot; Near Public Transit; Rectangular Lot Owner Pays: All Utilities; Common Area Maintenance; Electricity; Exterior Maintenance; Gas; Grounds Care; Hot Water; HVAC Maintenance; Insurance; Management; Other Tax; Pest Control; Repairs; Roof Maintenance; Sewer; Snow Removal; Taxes; Trash Collection; Water Parking Features: Additional Parking; Asphalt; On Street; Other Possession: Close Of Escrow Possible Use: Commercial; Investment; Medical/Dental; Mixed Use; Multi-Family; Office; Place of Worship; Retail Rail Availability: None Roof: Other Sewer: Public Sewer Special Licenses: None Special Listing Conditions: Standard Tenant Pays: Cable TV; Insurance; Telephone Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Water Source: Public

Contract Information

Auction YN: No
Original List Price: 675000
Property Sub Type: Mixed Use
Listing Agreement: Exclusive Right To Sell
Seller to consider offering concessions: Yes
Common Interest: None
Owner Name: Bl Properties LLC
Occupant Type: Tenant

Location Tax and Legal

Street Number: 717
Street Name: Michigan
Street Suffix: Avenue
County: La Porte
State: IN
Postal Code: 46350

Remarks and Miscellaneous

Public Remarks: Iconic three-story commercial building totaling approximately 20,868 SF, prominently located in the heart of historic downtown LaPorte. This well-maintained property offers a compelling blend of stable occupancy and future value-add potential. The first floor is fully leased to long-term tenants with a proven payment history. The second floor is home to the seller's accounting firm, who will lease back from the future owner, creating immediate stability for an investor or owner-user. The third floor presents a standout creative opportunity. Currently listed for lease, the space features an expansive 2,312 SF open-concept area with dramatic 20-foot ceilings, hardwood flooring, oversized windows, and exceptional natural light. Three additional rooms make up this future lease space. A leased apartment is also located on the third floor, accessible via elevator and stairwell. This expansive open area is an ideal setting for a dance studio, yoga or wellness space, martial arts or karate dojo, or a creative office or studio concept. For buyers looking long-term, the layout and ceiling height also offer a unique opportunity to build out multifamily penthouse suites, blending historic character with modern living — all in the heart of downtown LaPorte. This space is a blank canvas ready to be transformed. An elevator services all floors and is professionally inspected and maintained annually. The full basement offers excellent storage or future leasing potential and features its own exterior access—opening the door to creative adaptive reuse opportunities such as a private lounge, event space, or speakeasy concept (subject to approvals). Conveniently located near major transportation routes with immediate access to Highway 35/39 and State Road 2. Property qualifies for the Urban Enterprise Grant Program (more information in the document section). Rent roll and financial details available to qualified buyers upon request.

Status Change Information

Major Change Timestamp: 2026-02-02T19:26:35Z
Major Change Type: New Listing
Status Change Timestamp: 2026-02-02

More Information

Building Features

Office SqFt: 11222
Acoustical Ceiling(s): Yes
Business District Location: Yes
Enclosed Stair(s): Yes
Exterior Lighting: Yes
High Speed Internet: Yes
Inside Corridor(s): Yes
Meeting Room: Yes
Mixed Use: Yes
Multi Tenant: Yes
Passenger Elevator(s): Yes
Private Restrooms: Yes
Sheet Rock Ceiling(s): Yes
Suspended Ceiling(s): Yes

Exemption Information

Exemption YN: No

Showing Requirements

Showing Instructions: Listing agent to accompany showings. Use showing time to schedule. 24 hour notice is appreciated.

Location, Tax, and Legal

Tax Annual Amount: 7128
Tax Year: 2024
Tax Legal Description: 05-06-35-439-012 OS 34 1/3 FT E & W 46 FT NS 46 FT S W COR LTS 173 & 174 6 X 46 FT VAC ALLEY ADJ TO SW COR LT 173.
Parcel Number: 460635439012000043
Additional Parcels YN: No
Zoning Description: Commercial
Township: Center
Directions: From Lincolnway/Hwy 2, turn south onto Michigan Avenue, building is on the corner of Michigan and Jefferson.
Cross Street: Jefferson
Census Tract: 423

Accessibility Features

Accessible Approach with Ramp: Yes

Appliances

Water Heater: Yes

Basement

Full: Yes
Interior Entry: Yes
Partially Finished: Yes
Storage Space: Yes
Walk-Out Access: Yes

Construction Materials

Brick: Yes

Cooling

Central Air: Yes

Electric

200+ Amp Service: Yes

Exterior Features

Lighting: Yes

Flooring

Carpet: Yes
Hardwood: Yes
Laminate: Yes
Tile: Yes
Vinyl: Yes

Heating

Forced Air: Yes

Interior Features

Ceiling Fan(s): Yes
Crown Molding: Yes
Entrance Foyer: Yes
High Ceilings: Yes
Open Floorplan: Yes
Vaulted Ceiling(s): Yes

Laundry Features

Other: Yes

Listing Terms

Cash: Yes
Conventional: Yes
Lease Purchase: Yes
Owner Assisted: Yes

Lot Features

Corner Lot: Yes
Near Public Transit: Yes
Rectangular Lot: Yes

Parking Features

Additional Parking: Yes
Asphalt: Yes
On Street: Yes
Other: Yes

Possession

Close Of Escrow: Yes

Roof

Other: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

Standard: 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
Common Area Maintenance: Yes
Electricity: Yes
Exterior Maintenance: Yes
Gas: Yes
Grounds Care: Yes
Hot Water: Yes
HVAC Maintenance: Yes
Insurance: Yes
Management: Yes
Other Tax: Yes
Pest Control: Yes
Repairs: Yes
Roof Maintenance: Yes
Sewer: Yes
Snow Removal: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Tenant Pays

Cable TV: Yes
Insurance: Yes
Telephone: Yes

Current Use

Commercial: Yes
Investment: Yes
Mixed Use: Yes
Office: Yes
Retail: Yes
Vacant: Yes

Possible Use

Commercial: Yes
Investment: Yes
Medical/Dental: Yes
Mixed Use: Yes
Multi-Family: Yes
Office: Yes
Place of Worship: Yes
Retail: Yes

Business Type

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

Rail Availability

None: Yes

Special Licenses

None: Yes

Listing Office: Blackrock Real Estate Services

Last Updated: April - 25 - 2026

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