Date
Details
Price
Change
Source
9/29/2025
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.
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1/98
$1,650,000
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1/98
Property Description
Prime Downtown Mixed-Use Building in the Arts District! Outstanding opportunity to own a 10-unit building right in the heart of the vibrant Arts District. The property features three street-level commercial spaces -- two versatile office/retail storefronts and one restaurant space with established infrastructure. Upstairs, you'll find seven unique apartments, each with its own character and layout, offering a mix of options for tenants seeking something distinctive. With a mix of 0pen loft-style stuidos and one-bedroom units, these apartments attract long-term renters who value individuality and prime downtown living. The building sits on a highly visible block surrounded by galleries, shops, and restaurants, making it a sought-after location for both commercial and residential tenants. Strong income from a diverse range of tenants make this a great investment opportunity.
Full Property Details
Full Property Details for 521 Franklin St
General
- Price: $1,650,000
- Taxes: $11,988 (2024)
- Status: Active
- Type: Commercial
- Source: GNIAR
- MLS ID: 828505
- Updated: 9/29/2025
- Added to Site: 111 day(s) ago
Exterior
- Exterior Features: None
Location
- County: La Porte
- Township: Michigan
- Driving Directions: US Hwy 12 to south on Washington, west on 4th St, South on Franklin.
Heating & Cooling
- Heating Type: Central
Structural Information
- Square Feet: 21,057
- Year Built: 1880
Lot Features
- Lot Size (Acres): 0.284
- Lot Size (Sq. Ft.): 12,371.04
Financial Considerations
- Tax Amount: $11,988
- Tax Year: 2024
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: EOS N SD LT 7 BLK 23 (2-11/8/96) TIF ASSMT #51 AND E O S 33 1/2 FT S SD LT 6 BLK 23. TIF ASSMT #51
- Property ID: 460129404021000022
Buyer's Brokerage Compensation: Contact Listing Agent
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— 521 Franklin St —
NMLS#: 1598647
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Schools
Schools serving 521 Franklin St
School District:Michigan City Area Schools
| Name | Grades | Distance |
|---|---|---|
Pine Elementary School 1660 Co Line Rd, Michigan City, IN 46360 | PK-6 | 3.4 mi |
Barker Middle School 319 East Barker Avenue, Michigan City, IN 46360 | 7-8 | 0.9 mi |
Michigan City High School 8466 West Pahs Road, Michigan City, IN 46360 | 9-12 | 3.3 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 521 Franklin St
Tax History
Tax History for 521 Franklin St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,356
—
$193,700
—
2023
$5,356
-2%
$193,700
-2%
2022
$5,455
6%
$198,500
7%
2020
$5,152
—
$185,200
—
2019
$5,152
—
$185,200
—
2018
$5,128
-14%
$185,200
—
2017
$5,933
8%
$185,200
-14%
2016
$5,494
—
$215,100
-16%
2015
$5,494
—
$256,500
—
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 Franklin St
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- Single Family
- Active
- Updated 3 days ago
- 4Beds
- 3Total Baths
- 2,160Sq. Ft.
Listed by Michele Cihak (219) 861-2073
![[Address not provided], New Buffalo, MI 49117 - Photo 1](https://m.cbhomes.com/p/240/26001369/0f5E1aD62B9E46e/s23cc.webp)
- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 2Total Baths
- 1,400Sq. Ft.
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- Lots/Land
- Active
- Updated 4 days ago
- 0.1377Acres
Listed by @properties/Christie's Intl RE
- Single Family
- Active
- Updated 2 days ago
- 2Beds
- 2Total Baths
- 1,646Sq. Ft.
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- Single Family
- Closed
- 5Beds
- 5Total Baths
- 4,406Sq. Ft.
Listed by @properties/Christie's Intl RE
- Single Family
- Closed
- 3Beds
- 2Total Baths
- 1,676Sq. Ft.
Listed by Coldwell Banker Realty and Carlos Pagan
Sold by LAKE MICHIGAN GROUP
Sold by LAKE MICHIGAN GROUP
- Single Family
- Closed
- 5Beds
- 4Total Baths
- 2,911Sq. Ft.
Listed and Sold by Chad Gradowski
521 Franklin Street, Michigan City, IN 46360 (MLS# 828505) is a Commercial property. 521 Franklin Street is currently listed for $1,650,000 and was received on September 29, 2025. This property is listed by The Huber Galloway Team from our Harbor Country Office.Want to learn more about 521 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.