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2701-03 Franklin Street, Michigan City, IN 46360
$675,000
2701-03 Franklin Street, Michigan City, IN 46360View this property at 2701-03 Franklin Street, Michigan City, IN 46360
2701-03 Franklin StreetMichigan CityIN46360
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Property Description
BEAUTIFULLY PRESENTED, VIBRANT LOCATION for this prized gem in your investment portfolio. A turnkey, multi-unit commercial property is in the heart of the booming Michigan City's midtown area. This classic building has been brought into modern times completely renovated in 2020 and 2021 from floor to ceiling. Perfectly positioned on a corner of the bustling Franklin Street, poised to capture maximum visibility and foot traffic, ensuring sustained profitability for years to come. You will find intelligent updates throughout; 2-stage variable speed high-efficiency furnaces, 3 phase electric, all LED lighting, closed-cell insulation, Nova basement system, and many more advanced features to finish this impressive property that will leave you worry-free for years to come. Where long-term tenants have already established a solid foundation, providing a steady stream of income from day one. Feel secure with an optometry practice established in1924 and an innovative salon as successful, long-term tenants providing reliability, securing this property's status as an exceptional high return. Join the ranks of visionary investors who recognize this prime location and claim your stake in the future of Michigan City!
Full Property Details
Full Property Details for 2701-03 Franklin St
General
- Price: $675,000
- Taxes: $3,628 (2023)
- Status: Active
- Type: Retail
- MLS ID: 801112
- Updated: 3/21/2024
- Added to Site: 39 day(s) ago
Interior
- Interior Features: High Ceilings, Recessed Lighting, Storage
- Appliances: Water Heater
Exterior
- Exterior Features: Storage, Uncovered Courtyard
Parking
- Parking Features: Additional Parking, Concrete, On Street, Open, Parking Pad, Unpaved
Location
- County: La Porte
- Township: Michigan
- Driving Directions: From Coolspring Ave, North on Franklin st. and on the Southwest corner of Harrison St. and Franklin St.
Heating & Cooling
- Heating Type: Natural Gas
Structural Information
- Square Feet: 4,157
- Year Built: 1925
Lot Features
- Lot Size (Acres): 0.1575
- Lot Size (Sq. Ft.): 6,860.7
- Lot Dimensions: 52 x 132
- Lot Features: Corner Lot
- Zoning: Commercial
Financial Considerations
- Tax Amount: $3,628.2
- Tax Year: 2023
- Terms: Cash, Conventional
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.50%
- Legal Description: 42-01-32-436-008 J R & A E DEWOLFE 2ND LT 1 BLK 5.
- Property ID: 460132436008000022
Listed by @properties/Christie's Intl RE
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Schools
Schools serving 2701-03 Franklin St
Rating | Name | Grades | Distance |
---|---|---|---|
401 E Homer St, Michigan City, IN 46360 | PK-5 | 0.5 mi | |
502 Boyd Cir, Michigan City, IN 46360 | PK-5 | 0.7 mi | |
321 Bolka Ave, Michigan City, IN 46360 | PK-5 | 0.7 mi | |
Elston Middle School
317 Detroit St, Michigan City, IN 46360 | 6-8 | 0.7 mi | |
319 Barker Rd, Michigan City, IN 46360 | 6-8 | 1.1 mi | |
2001 Springland Ave, Michigan City, IN 46360 | 6-8 | 2.4 mi | |
A.K. Smith Area Career Center
817 Lafayette St, Michigan City, IN 46360 | 10-12 | 0.6 mi | |
8466 W Pahs Rd, Michigan City, IN 46360 | 9-12 | 2.2 mi | |
602 F St, La Porte, IN 46350 | 9-12 | 11 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 2701-03 Franklin St
Date
Details
Price
Change
Source
3/21/2024
Listed
$675,000
—
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 2701-03 Franklin St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,549
—
$115,900
-2%
2022
$3,540
1%
$118,000
4%
2020
$3,489
—
$113,900
—
2019
$3,489
-6%
$113,900
—
2018
$3,696
1%
$113,900
-6%
2017
$3,651
-10%
$121,600
—
2016
$4,047
—
$121,700
-9%
2015
$4,047
—
$134,100
—
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 2701-03 Franklin St
2701-03 Franklin Street, Michigan City, IN 46360 (MLS# 801112) is a Retail property. 2701-03 Franklin Street is currently listed for $675,000 and was received on March 21, 2024. Want to learn more about 2701-03 Franklin Street? Do you have questions about finding other Retail 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.