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$997,600 -$77,400 (-7.2%) Price Reduced
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Property Description
Positioned in a high-visibility commercial corridor, this 4,702 SF property offers a rare opportunity for investors, owner-operators, or developers seeking a flexible commercial asset. Located on .79 Acre adjacent to national and regional traffic drivers McDonalds and Biggby Coffee, the site benefits from strong daily exposure and consistent consumer flow and an average daily traffic count of over 19,340 VPD (2025). Currently configured as a tunnel car wash, the property has been thoughtfully updated with newer equipment over time and had an established a loyal customer base. The building includes a welcoming waiting area and reception/office space, and is equipped to support vacuum services and full interior/exterior detailing operations. Zoned B-2 (General Commercial), this property presents exceptional versatility for adaptive reuse. Potential redevelopment opportunities include retail, office, restaurant, medical, or service-oriented concepts--allowing buyers to reimagine the space to meet evolving market demands. All prospective uses should be verified with the City of Michigan City. An estimated 14+ parking spots with current design. Block and metal construction. Whether you're looking to revitalize an existing business or transform the site into a new commercial venture, this property offers the location, infrastructure, and flexibility to bring your vision to life. Schedule your private tour today or reach out for additional details.
Full Property Details
Full Property Details for 3417 Franklin St
General
- Price: $997,600
- Taxes: $8,566 (2024)
- Status: Active
- Type: Business
- Source: GNIAR
- MLS ID: 836463
- Updated: 9/23/2026
- Added to Site: 175 day(s) ago
Parking
- Parking Features: Off Street
Location
- County: La Porte
- Township: Coolspring
- Subdivision: Brinckmanns 2nd Sub
- Driving Directions: From Hwy 20 and Franklin St, turn north on Franklin St to the property on the west side of the street.
School Information
- High School District: Michigan City
Heating & Cooling
- Heating Type: Other
Structural Information
- Square Feet: 4,702
- Year Built: 1959
Lot Features
- Lot Size (Acres): 0.793
- Lot Size (Sq. Ft.): 34,543
Financial Considerations
- Tax Amount: $8,566.8
- Tax Year: 2024
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: 13-05-05-277-029 BRINCKMANN'S 2ND LTS 4 5 10 & 11 BLK 4 & VAC ALLEY BTW
- Property ID: 460505277029000009
Listed by RE/MAX Lifestyles
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Schools
Schools serving 3417 Franklin St
School District:Michigan City Area Schools
| Name | Grades | Distance |
|---|---|---|
Knapp Elementary School, Michigan City, IN 321 Bolka Avenue, Michigan City, IN 46360 | K-6 | 0.7 mi |
Barker Middle School 319 East Barker Avenue, Michigan City, IN 46360 | 7-8 | 1 mi |
Michigan City High School 8466 West Pahs Road, Michigan City, IN 46360 | 9-12 | 1.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3417 Franklin St
Date
Details
Price
Change
Source
9/23/2026
Price Reduced
$997,600
-7.2%
MLS
4/02/2026
Listed
$1,075,000
97.25%
MLS
7/17/2020
Sold
$545,000
—
Public Record
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 3417 Franklin St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,788
-5%
$268,200
—
2024
$8,177
-65%
$268,500
—
2023
$23,439
42%
$268,500
-1%
2022
$16,492
106%
$271,900
3%
2020
$8,010
—
$264,600
—
2019
$8,010
—
$264,600
—
2018
$7,986
1%
$264,600
—
2017
$7,926
20%
$264,600
—
2016
$6,612
—
$264,200
-2%
2015
$6,612
—
$268,300
—
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 3417 Franklin St
3417 Franklin Street, Michigan City, IN 46360 (MLS# 836463) is a Business property. 3417 Franklin Street is currently listed for $997,600 and was received on April 02, 2026. Want to learn more about 3417 Franklin Street? Do you have questions about finding other Business 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.

