718-726 N Franklin Street, Michigan City, IN 46360
$1,000,000
Property Type:
Commercial Sale
Square Footage:
27,000
Lot Size (sq. ft.):
20,295
Status:
Closed
Current Price:
$1,000,000
List Date:
5/17/2019
Last Modified:
2/24/2024
Overview
Description
Listing Details MLS# 454133
General Property Information
- Living Area
- 27000
- Building Area Source
- Builder
- Year Built
- 1938
- Lot Size Acres
- 0.4659
- Lot Size Square Feet
- 20295
- Lot Size Dimensions
- 84' x 165' & 41'X165'
- Waterfront YN
- No
- Stories
- 2
Property Features
Building Features:
Acoustical Ceiling(s); Business District Location; Enclosed Stair(s); Exterior Lighting; Inside Corridor(s); Meeting Room; Mixed Use; Multi Tenant; Passenger Elevator(s); Private Restrooms; Public Restrooms; Suspended Ceiling(s)
Construction Materials:
Block; Brick; Stone
Cooling:
Central Air
Current Use:
Mixed Use; Office
Flooring:
Carpet; Terrazzo; Tile; Varies
Foundation Details:
Concrete Perimeter
Heating:
Central; Electric; Forced Air; Hot Water; Natural Gas; Radiant
Interior Features:
Elevator
Listing Terms:
Cash; Conventional
Parking Features:
Private
Possible Use:
Commercial; Medical/Dental; Mixed Use; Multi-Family; Office; Place of Worship; Recreational; Retail; Other
Rail Availability:
None
Road Frontage Type:
City Street
Roof:
Flat; Other
Security Features:
Other
Utilities:
Cable Available; Electricity Available; Electricity Connected; Natural Gas Available; Natural Gas Connected
Water Source:
Public
Showing Requirements:
24 Hour Notice; Listing Agent Must Accompany
Contract Information
- Auction YN
- No
- Original List Price
- 1290000
- Property Sub Type
- Mixed Use
- Property Attached YN
- No
- Listing Agreement
- Exclusive Right To Sell
- Owner Name
- Arnold Besse Trust
- Occupant Type
- Owner
- Occupant Name
- Multiple
Location Tax and Legal
- Street Number
- 718-726
- Street Direction Prefix
- N
- Street Name
- Franklin
- Street Suffix
- Street
- County
- La Porte
- State
- IN
- Postal Code
- 46360
- Subdivision Name
- Elstons
Remarks and Miscellaneous
- Public Remarks
- Expansive, Flagship commercial building, in the heart of Michigan City's burgeoning Arts District, offers endless possibilities for restaurant, retail, offices, and continued use as renowned arts building. The two-story building has five store fronts on Franklin Street at one of the busiest blocks directly across from Art Space and the future Civic Plaza. Upstairs, there's nearly 30 suites ranging in square footage with some great common areas. These suites have been used by local artists for decades, and more recently are home to creative professionals as well. Several of the suites have oversized window overlooking Franklin Street. There is parking lot adjacent to the building. This Gem is centrally located between the beautiful shores of Lake Michigan, Amtrak, South Shore commuter train, Outlet all, Blue Chip Casino, hotel Spa and conference center, all within a mile. Michigan City is growing! Just 90 minutes from Downtown Chicago, via commuter train, Amtrak or 94.
- Exclusions
- Yes
Status Change Information
- Major Change Timestamp
- 2019-12-13T13:32:51Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2019-12-13
- Offer Acceptance Date
- 2019-12-13
- Close Date
- 2019-12-13
- Close Price
- 1000000
- Concessions
- No
- Buyer Financing
- Conventional
More Information
Building Features
- Building Dimensions
- 84' x 165'
Exemption Information
- Exemption YN
- Y
Frontage Type
- Frontage Length
- 125
Income and Expenses
- New Taxes Expense
- 11190
Showing Requirements
- Showing Instructions
- Use Showingtime, 24 hours preferred. Don't approach tenants.
Historical Information
- Public Historical Remarks
- Utilities: On, Frontage Access: Public Road, Fire Protect: Fire Extinguishers
Listing Office:
Ryan Keller, Broker
Last Updated: February - 24 - 2024
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