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$675,000 -$124,900 (-15.61%) Price Reduced

  • For Sale
  • Active
  • Retail
  • 5,726 Sq. Ft.
  • Updated 1 day ago
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This commercial property has 130' of frontage on highly trafficked Franklin Street, just north of Highway 20. Currently set up as a large restaurant, it features a bright entrance foyer and waiting area with seating for 12 and 3 indoor dining rooms plus a 3-season room with ceiling heaters. All dining rooms feature stone gas fireplaces. Three beverage/server stations, a large dish pit room, a 12-seat bar, and substantial kitchen space, along with 2 walk-ins and basement leave potential for many dining options. 3-way liquor license available with acceptable offer. Property also listed for lease; see MLS #826377.

Full Property Details for 3940 Franklin St

General

  • Price: $675,000
  • Taxes: $20,477 (2024)
  • Status: Active
  • Type: Retail
  • Source: GNIAR
  • MLS ID: 832360
  • Updated: 3/3/2026
  • Added to Site: 59 day(s) ago

Interior

  • Interior Features: Entrance Foyer

Exterior

  • Exterior Features: Lighting

Parking

  • Parking Features: Paved

Location

  • County: La Porte
  • Township: Coolspring
  • Driving Directions: Franklin Street to property on east

Heating & Cooling

  • Heating Type: Natural Gas

Structural Information

  • Square Feet: 5,726
  • Year Built: 1965

Lot Features

  • Lot Size (Acres): 1.52
  • Lot Size (Sq. Ft.): 66,211.2

Financial Considerations

  • Tax Amount: $20,477.98
  • Tax Year: 2024
  • Terms: Cash, Conventional

Disclosures and Reports

  • Legal Description: W SD MID PT S 1/2 SW 1/4 S4 T37 R4. 1.52 A
  • Property ID: 460504352001000009

Listed by @properties/Christie's Intl RE

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— 3940 Franklin St —

  • @properties/Christie's Intl RE

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 3940 Franklin St

School District:Michigan City Area Schools
NameGradesDistance
Edgewood Elementary School, Michigan City, IN
502 Boyd Circle, Michigan City, IN 46360
K-60.7 mi
Barker Middle School
319 East Barker Avenue, Michigan City, IN 46360
7-81.6 mi
Michigan City High School
8466 West Pahs Road, Michigan City, IN 46360
9-121.6 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 3940 Franklin St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/03/2026
Price Reduced
$675,000
-15.61%
MLS
1/04/2026
Listed
$799,900
611.02%
MLS
8/10/2015
Sold
$112,500
—
Public Record
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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 for 3940 Franklin St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$120
—
$4,000
—
2023
$120
—
$4,000
—
2022
$120
—
$4,000
—
2020
$120
—
$4,000
—
2019
$120
—
$4,000
—
2018
$120
—
$4,000
—
2017
$120
-75%
$4,000
-75%
2016
$480
—
$16,000
—
2015
$480
—
$16,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by @properties/Christie's Intl RE

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3940 Franklin Street, Michigan City, IN 46360 (MLS# 832360) is a Retail property. 3940 Franklin Street is currently listed for $675,000 and was received on January 04, 2026. Want to learn more about 3940 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.

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