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1416 Franklin Street, Michigan City, IN 46360
$498,500
1416 Franklin Street, Michigan City, IN 46360View this property at 1416 Franklin Street, Michigan City, IN 46360
1416 Franklin StreetMichigan CityIN46360
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Property Description
Location, Location, Location!Bring your business & rent out the additional space. Large commercial (B2) investment opportunity for sale. Located three blocks from the Fast South Shore Train station. Building currently consists of two office spaces facing Franklin St (1416 & 1418), one tenant occupied rental, one office on Ripley St, two warehouse entrances with separate addresses (110-112 Ripley St) overhead doors in alley, loading dock, alley access, dry basements, courtyard and billboard rental. Survey completed Nov 2022. Building encompasses almost a half city block! This is a must see!!
Full Property Details
Full Property Details for 1416 Franklin St
General
- Price: $498,500
- Status: Active
- Type: Office
- MLS ID: 532044
- Updated: 2/27/2024
- Added to Site: 320 day(s) ago
Interior
- Interior Features: Elevator
Parking
- Parking Features: Common
Location
- County: La Porte
- Township: Michigan
- Subdivision: Land Cos Add/Michigan City
- Driving Directions: Drive North on Franklin St. Building 3 blocks south of South Shore Track on East side of Franklin. Parking on Franklin & Ripley St
Heating & Cooling
- Heating Type: Central, Forced Air, Natural Gas
Structural Information
- Square Feet: 10,418
- Year Built: 1947
Lot Features
- Lot Size (Acres): 0.42
- Lot Size (Sq. Ft.): 18,295
- Lot Dimensions: 49 x 244 x 99
- Lot Features: Corner Lot
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Legal Description: Legal Description: 42-01-32-229-011 LAND CO LTS 5-8-9 & S1/2 LTS 1 & 4 BLK 105
- Property ID: 460132229011000022
Listed by Century 21 Circle
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Schools
Schools serving 1416 Franklin St
School District:Michigan City Area Schools
Rating | Name | Grades | Distance |
---|---|---|---|
401 E Homer St, Michigan City, IN 46360 | PK-5 | 0.3 mi | |
2001 Springland Ave, Michigan City, IN 46360 | 6-8 | 2.4 mi | |
8466 W Pahs Rd, Michigan City, IN 46360 | 9-12 | 2.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1416 Franklin St
Date
Details
Price
Change
Source
8/28/2023
Price Reduced
$498,500
-5.05%
MLS
6/15/2023
Listed
$525,000
—
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 1416 Franklin St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$5,879
-5%
$215,000
-9%
2022
$6,217
6%
$235,200
—
2020
$5,867
—
$234,300
—
2019
$5,867
1%
$234,300
—
2018
$5,795
2%
$234,300
—
2017
$5,662
-2%
$234,300
—
2016
$5,806
—
$235,100
-2%
2015
$5,806
—
$239,500
—
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 1416 Franklin St
1416 Franklin Street, Michigan City, IN 46360 (MLS# 532044) is a Office property. 1416 Franklin Street is currently listed for $498,500 and was received on June 15, 2023. Want to learn more about 1416 Franklin Street? Do you have questions about finding other Office 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.