This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/46
$440,000 Just Listed
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/46
Property Description
TURNKEY INVESTMENT OPPORTUNITY just blocks from Lake Michigan! Fully furnished and ready for immediate use, this unique 1870's property offers the flexibility today's investors are looking for, historic charm that sets it apart and modern convenience. You have the best of both worlds. Currently configured as two separate living spaces, the main level features 2 bedrooms and 2 bath, while the bright and sunny upper level offers 1 possible 2 bedrooms and 1 bath. Enjoy the deck surrounded by arborvitae, roses and hydrangeas. Best of all, BOTH levels are being sold completely furnished--making this a truly turnkey opportunity ready for your short term or long term rental strategy from day one. Original hardwood floors, doors and windows preserve the home's historic character, complemented by modern updates including quartz countertops and NEW appliances. Commercial zoning opens the door to additional possibilities. The location is exceptional, located directly across from the Lighthouse Place premium outlet mall and just blocks from Lake Michigan beaches, downtown dining, coffee shops, the Washington park zoo, Blue Chip casino and vibrant Arts District, with Indiana Dunes National Park nearby. Priceless location that gives visitors everything they come to Michigan city to enjoy. So many possibilities with this property: Live in one and rent the other, operate both as rentals, or explore the property's commercial potential. Furnished, flexible and positioned in the heart of Michigan City's tourism district--bring your strategy and start generating possibilities from day one!
Full Property Details
Full Property Details for 508 Wabash St
General
- Price: $440,000
- Taxes: $2,254 (2025)
- Status: Active
- Type: Commercial
- Source: GNIAR
- MLS ID: 846452
- Updated: 10/6/2026
- Added to Site: 1 day(s) ago
Interior
- Interior Features: Double Vanity, Kitchen Island, Entrance Foyer
- Appliances: Dryer, Water Heater, Washer, Stainless Steel Appliance(s), Refrigerator, Microwave, Gas Water Heater, Gas Range, Dishwasher
Exterior
- Exterior Features: Balcony, Storage, Rain Gutters, Fire Pit
Parking
- Parking Features: Detached, Additional Parking, On Street, Garage Faces Front, Driveway, Off Street
Location
- County: La Porte
- Township: Michigan
- Subdivision: Elstos
- Driving Directions: Hwy 12, south on Wabash Street
Heating & Cooling
- Heating Type: Forced Air, Natural Gas
Structural Information
- Square Feet: 2,112
- Year Built: 1870
Lot Features
- Lot Size (Acres): 0.0829
- Lot Size (Sq. Ft.): 3,612
- Lot Features: Back Yard, Rectangular Lot, Front Yard
Financial Considerations
- Tax Amount: $2,254
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: 42-01-29-403-003 E O S 43 1/2 FT MID PT LT 4 BLK 24. TIF ASSMT #51
- Property ID: 460129403003000022
Listed by Blackrock Real Estate Services
Get Pre-Approved Today
Get a Great Insurance Rate
Schools
Schools serving 508 Wabash St
School District:Michigan City Area Schools
| Name | Grades | Distance |
|---|---|---|
Pine Elementary School 1660 Co Line Rd, Michigan City, IN 46360 | PK-6 | 3.3 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 | 3.4 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 508 Wabash St
Date
Details
Price
Change
Source
10/06/2026
Listed
$440,000
—
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 508 Wabash St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$12
-8%
$100
—
2024
$13
44%
$100
—
2023
$9
200%
$100
—
2022
$3
—
$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 508 Wabash St
508 Wabash Street, Michigan City, IN 46360 (MLS# 846452) is a Commercial property. 508 Wabash Street is currently listed for $440,000 and was received on October 06, 2026. Want to learn more about 508 Wabash Street? Do you have questions about finding other Commercial 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.

