731 Washington Street, Michigan City, IN 46360

$639,000
Property Type: Commercial Sale Square Footage: 4,495 Lot Size (sq. ft.): 5,904 Status: Active
Current Price: $639,000 List Date: 4/23/2026 Last Modified: 4/23/2026

Overview

Description

Welcome to this amazing mixed-use property located in the heart of downtown! This stunning brick building is situated on a corner lot, offering fantastic exposure to foot and vehicle traffic. The property boasts a unique combination of a beautifully designed residential space and a fully equipped restaurant space. The residential unit features modern furnishings, stainless appliances, and an abundance of natural light, providing a comfortable and relaxing atmosphere for guests. The restaurant space is situated on a high-visibility corner with frequent foot-traffic. The commercial interior features a well appointed commercial kitchen with indoor and outdoor dining areas, as well as a separate office space. Outside, there is a huge deck area that offers an excellent space for guests to unwind and take in the sights and sounds of the city. Schedule a tour today!

Listing Details MLS# 837603

General Property Information

Number Of Units Total
23
Living Area
4495
Building Area Source
Assessor
Accessibility Features YN
No
Year Built
1870
Parking Total
2
Lot Size Acres
0.1355
Lot Size Square Feet
5904
Lot Size Source
Assessor
Waterfront YN
No
Basement YN
Yes

Property Features

Basement: Storage Space Building Features: Business District Location; Mixed Use; Multi Tenant; Plastered Ceiling(s); Sheet Rock Ceiling(s); Other Business Type: Mixed; Professional/Office; Restaurant; Retail Construction Materials: Brick Cooling: Ceiling Fan(s); Central Air Current Use: Commercial; Mixed Use; Multi-Family Electric: 200+ Amp Service Flooring: Tile Heating: Forced Air Listing Terms: Cash; Conventional Lot Features: Corner Lot Owner Pays: All Utilities Parking Features: On Street Possession: Close Of Escrow Possible Use: Commercial; Multi-Family; Retail; Other Rail Availability: None Roof: Shingle; Other Sewer: Public Sewer Special Listing Conditions: None Tenant Pays: None Utilities: Electricity Connected; Natural Gas Connected; Sewer Connected Water Source: Public

Contract Information

Auction YN
No
Original List Price
639000
Property Sub Type
Mixed Use
Listing Agreement
Exclusive Right To Sell
Seller to consider offering concessions
No
Owner Name
Hernadez Carolina G
Occupant Type
Owner

Location Tax and Legal

Street Number
731
Street Name
Washington
Street Suffix
Street
County
La Porte
State
IN
Postal Code
46360
Subdivision Name
Elstons

Remarks and Miscellaneous

Public Remarks
Welcome to this amazing mixed-use property located in the heart of downtown! This stunning brick building is situated on a corner lot, offering fantastic exposure to foot and vehicle traffic. The property boasts a unique combination of a beautifully designed residential space and a fully equipped restaurant space. The residential unit features modern furnishings, stainless appliances, and an abundance of natural light, providing a comfortable and relaxing atmosphere for guests. The restaurant space is situated on a high-visibility corner with frequent foot-traffic. The commercial interior features a well appointed commercial kitchen with indoor and outdoor dining areas, as well as a separate office space. Outside, there is a huge deck area that offers an excellent space for guests to unwind and take in the sights and sounds of the city. Schedule a tour today!

Status Change Information

Major Change Timestamp
2026-04-23T13:19:17Z
Major Change Type
New Listing
Status Change Timestamp
2026-04-23

More Information

Exemption Information

Exemption YN
No

Income and Expenses

New Taxes Expense
3082
Electric Expense
0
Gross Income
0
Gross Scheduled Income
0
Insurance Expense
0
Maintenance Expense
0
Manager Expense
0
Net Operating Income
0
Other Expense
0
Professional Management Expense
0
Sewer Expense
0
Supplies Expense
0
Total Actual Rent
0
Trash Expense
0
Water Expense
0

Showing Requirements

Showing Instructions
Use ShowingTime. Listing agent accompanied.

Historical Information

Public Historical Remarks
Utilities: On, Frontage Access: Signal Intersection, Parking: Public Parking, Roof Structure: Pitched

Location, Tax, and Legal

Postal Code +4
3420
Tax Annual Amount
4202
Tax Year
2024
Tax Legal Description
42-01-29-410-016 E O S E 1/2 EX 10 FT N SD LT 8 BLK 34. TIF ASSMT #51
Parcel Number
460129410016000022
Township
Michigan
Directions
Franklin St. to 8th St. Building on corner of 8th and Washington.

Basement

Storage Space
Yes

Construction Materials

Brick
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes

Electric

200+ Amp Service
Yes

Flooring

Tile
Yes

Heating

Forced Air
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Lot Features

Corner Lot
Yes

Parking Features

On Street
Yes

Possession

Close Of Escrow
Yes

Roof

Shingle
Yes
Other
Yes

Sewer

Public Sewer
Yes

Special Listing Conditions

None
Yes

Utilities

Electricity Connected
Yes
Natural Gas Connected
Yes
Sewer Connected
Yes

Water Source

Public
Yes

Owner Pays

All Utilities
Yes

Tenant Pays

None
Yes

Current Use

Commercial
Yes
Mixed Use
Yes
Multi-Family
Yes

Possible Use

Commercial
Yes
Multi-Family
Yes
Retail
Yes
Other
Yes

Building Features

Business District Location
Yes
Mixed Use
Yes
Multi Tenant
Yes
Plastered Ceiling(s)
Yes
Sheet Rock Ceiling(s)
Yes
Other
Yes

Business Type

Mixed
Yes
Professional/Office
Yes
Restaurant
Yes
Retail
Yes

Rail Availability

None
Yes
Listing Office: Coldwell Banker Realty
Last Updated: April - 23 - 2026
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