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$1,499,000 Just Listed
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Property Description
Prime Commercial Opportunity - Highway 421 (Franklin Street). Exceptional 1.72-acre corner lot located directly on highly traveled Highway 421 (Franklin Street) in the heart of Michigan City's primary retail corridor. This property offers excellent visibility, strong traffic counts, and easy access, making it ideal for retail, hospitality, restaurant, medical, or service-oriented development. The site is surrounded by major national retailers including Walmart Supercenter, Meijer, Lowe's Home Improvement, Menards, Hobby Lobby, TJ Maxx, R.P. Home & Harvest, Kohl's, and many others--creating a powerful retail draw and steady consumer traffic. Strategically positioned with 14 hotels within a one-mile radius and just minutes from the I-94 interchange, the location captures both local and interstate traffic. 1.2 acres development-ready at the front of the parcel Strong corner presence High-growth commercial corridor Excellent accessibility With approximately 3.3 million annual visitors, Michigan City continues to establish itself as a regional destination. The area is currently experiencing nearly 2 billion in ongoing and planned development, along with new residential communities under construction--driving additional demand and long-term growth. This is one of the last remaining commercial land opportunities on Franklin Street. contact us for more information.
Full Property Details
Full Property Details for 0 Franklin St
General
- Price: $1,499,000
- Taxes: $1,290 (2025)
- Status: Active
- Type: Commercial Investment
- Source: GNIAR
- MLS ID: 834470
- Updated: 2/24/2026
- Added to Site: 1 day(s) ago
Exterior
- Exterior Features: Other
Location
- County: La Porte
- Township: Michigan
- Driving Directions: Highway 94 to North Michigan City Exit, one block to property on the right side, across the street from Panera Bread, on Franklin St, on the corner of Franklin St and the entrance of Walmart St.
Heating & Cooling
- Heating Type: Other
Structural Information
- Square Feet: 1.7
- Year Built: 1800
Lot Features
- Lot Size (Acres): 1.72
- Lot Size (Sq. Ft.): 74,923.2
- Lot Features: Corner Lot, Rectangular Lot, Few Trees
- Zoning: Commercial
Financial Considerations
- Tax Amount: $1,290
- Tax Year: 2025
- Terms: Cash
Disclosures and Reports
- Legal Description: 13-05-09-300-012 PCE 150 X 500 FT CMG 945 FT N & 52.29 FT E OF SW COR SW 1/4 S 9 T37 R4. 1.722 A
- Property ID: 460509300012000009
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Schools
Schools serving 0 Franklin St
School District:Michigan City Area Schools
| Name | Grades | Distance |
|---|---|---|
Lake Hills Elementary School, Michigan City, IN 201 Ferguson Road, Michigan City, IN 46360 | K-6 | 1 mi |
Martin T Krueger Middle School 2001 Springland Avenue, Michigan City, IN 46360 | 7-8 | 2.8 mi |
Michigan City High School 8466 West Pahs Road, Michigan City, IN 46360 | 9-12 | 3.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 0 Franklin St
Date
Details
Price
Change
Source
2/24/2026
Listed
$1,499,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 0 Franklin St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$489
8%
$15,100
—
2023
$453
—
$15,100
—
2022
$453
-1%
$15,100
-1%
2020
$456
—
$15,200
—
2019
$456
—
$15,200
—
2018
$456
1%
$15,200
—
2017
$453
-1%
$15,200
1%
2016
$456
—
$15,100
-1%
2015
$456
—
$15,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 0 Franklin St
0 Franklin St, Michigan City, IN 46360 (MLS# 834470) is a Commercial Investment property. 0 Franklin St is currently listed for $1,499,000 and was received on February 24, 2026. Want to learn more about 0 Franklin St? Do you have questions about finding other Commercial Investment real estate for sale in Michigan City? You can browse all Michigan City real estate or contact a Coldwell Banker agent to request more information.

