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$1,500,000
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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
- Sold For: $1,500,000
- Taxes: $11,988 (2024)
- Status: Closed
- Type: Commercial
- Source: GNIAR
- MLS ID: 828505
- Added to Site: 348 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
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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 ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 521 Franklin St
Date
Details
Price
Change
Source
8/12/2026
Sold
$1,500,000
-5.66%
MLS
3/08/2026
Price Reduced
$1,590,000
-3.64%
MLS
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.
521 Franklin Street, Michigan City, IN 46360 (MLS# 828505) is a Commercial property that was sold at $1,500,000 on August 12, 2026. This property was 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.


