This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/41
521-525 Franklin Street, Michigan City, IN 46360
$1,650,000
521-525 Franklin Street, Michigan City, IN 46360View this property at 521-525 Franklin Street, Michigan City, IN 46360
521-525 Franklin StreetMichigan CityIN46360
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/41
Property Description
Excellent business opportunity in Downtown Arts District. Three storefronts boasting over 21,000 Sq Ft on Street level and above. There are 7 nice apartments above the storefronts. One large storefront potentially available and one apartment will become available upon sale. What a great opportunity to live and have your own business while collecting rents in the buildings you own. Arrange to see this great property and set in motion moving toward your dreams.
Full Property Details
Full Property Details for 521-525 Franklin St
General
- Price: $1,650,000
- Taxes: $11,988 (2023)
- Status: Active
- Type: Commercial
- MLS ID: 801952
- Updated: 4/11/2024
- Added to Site: 19 day(s) ago
Interior
- Interior Features: Bar, Other
Exterior
- Exterior Features: Lighting, Private Entrance
Parking
- Parking Features: On Street, Outside
Location
- County: La Porte
- Township: Michigan
- Driving Directions: FRANKLIN STREET NORTH TOWARDS LAKE MICHIGAN, WEST SIDE BETWEEN 5TH AND 6TH STREET
Heating & Cooling
- Heating Type: Central
Structural Information
- Square Feet: 21,057
- Year Built: 1890
Lot Features
- Lot Size (Acres): 0.277
- Lot Size (Sq. Ft.): 12,066.12
- Lot Dimensions: 69 x 175
- Lot Features: City Lot
- Zoning: Mixed Use
Financial Considerations
- Tax Amount: $11,988
- Tax Year: 2023
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.50%
- Legal Description: 42-01-29-404-021 E O S 33 1/2 FT S SD LT 6 BLK 23. TIF ASSMT #51 & 42-01-29-404-022 EOS N SD LT 7 BLK 23 (2-11/8/96) TIF ASSMT #51
- Property ID: 460129404022000022
Listed by MTM Realty Group
Get Pre-Approved Today
Get a Great Insurance Rate
Schools
Schools serving 521-525 Franklin St
Rating | Name | Grades | Distance |
---|---|---|---|
401 E Homer St, Michigan City, IN 46360 | PK-5 | 0.8 mi | |
201 Ferguson Rd, Michigan City, IN 46360 | PK-5 | 1.1 mi | |
321 Bolka Ave, Michigan City, IN 46360 | PK-5 | 1.5 mi | |
Elston Middle School
317 Detroit St, Michigan City, IN 46360 | 6-8 | 0.5 mi | |
319 Barker Rd, Michigan City, IN 46360 | 6-8 | 2.3 mi | |
2001 Springland Ave, Michigan City, IN 46360 | 6-8 | 2.6 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 | 3.3 mi | |
2125 S 11th St, Chesterton, IN 46304 | 9-12 | 12.2 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 521-525 Franklin St
Date
Details
Price
Change
Source
4/10/2024
Listed
$1,650,000
—
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 521-525 Franklin St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$6,596
-1%
$242,400
-2%
2022
$6,695
8%
$248,600
9%
2020
$6,204
—
$228,100
—
2019
$6,204
—
$228,100
—
2018
$6,180
42%
$228,100
—
2017
$4,362
9%
$228,100
22%
2016
$4,010
—
$186,800
-17%
2015
$4,010
—
$225,400
—
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 521-525 Franklin St
521-525 Franklin Street, Michigan City, IN 46360 (MLS# 801952) is a Commercial property. 521-525 Franklin Street is currently listed for $1,650,000 and was received on April 10, 2024. Want to learn more about 521-525 Franklin 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.