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710 Franklin Street, Michigan City, IN 46360
$2,000,000
710 Franklin Street, Michigan City, IN 46360View this property at 710 Franklin Street, Michigan City, IN 46360
710 Franklin StreetMichigan CityIN46360
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Property Description
Amazing opportunity to buy this 21,000 (+/-) sq ft building and parking lot in the Uptown Arts DistCL A. apx 123 X 165. Corner of Franklin & 7th. HealthLinc occupies 85% of the building, they are moving to a new facility 4-1-24. Multiple offices, set up for many uses.Potential to convert to Mixed-Use. Michigan City will give grants up to $15,000 per unit for residential rentals. The parking lot also has development potential. 4 blocks to the south shore train with the express train (60 mins) to downtown Chicago. 20 mins to Michigan. This is the new IT lakefront community you want to be!!This property is blocks from Sola, $240M mixed use development, which includes hotel residences & retail and Station Block, the $93M+ which will include 220 residential units and poised to include retail/commercial units. This will directly impact the area with the estimated increase in value of $50M once complete. The office retail spaces in the building are currently for LEASE.
Full Property Details
Full Property Details for 710 Franklin St
General
- Price: $2,000,000
- Status: Active
- Type: Office
- MLS ID: 543843
- Updated: 2/27/2024
- Added to Site: 108 day(s) ago
Interior
- Interior Features: Elevator
Parking
- Parking Features: Common, Paved, Private
Location
- County: La Porte
- Township: Michigan
- Subdivision: Michigan CIty
- Driving Directions: Franklin street to 7th street. Corner building.
Heating & Cooling
- Heating Type: Forced Air, Natural Gas
Structural Information
- Square Feet: 21,000
- Year Built: 1914
Lot Features
- Lot Size (Acres): 0.1553
- Lot Size (Sq. Ft.): 6,765
- Lot Dimensions: 123 x 165
- Lot Features: Corner Lot
- Zoning: Commercial
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.50%
- Legal Description: Legal Description: 42-01-29-412-002 E O S N 1/2 LT 3 BLK 32. TIF ASSMT #51
- Property ID: 460129412001000022
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Schools
Schools serving 710 Franklin St
School District:Michigan City Area Schools
Rating | Name | Grades | Distance |
---|---|---|---|
401 E Homer St, Michigan City, IN 46360 | PK-5 | 0.7 mi | |
2001 Springland Ave, Michigan City, IN 46360 | 6-8 | 2.5 mi | |
8466 W Pahs Rd, Michigan City, IN 46360 | 9-12 | 3.2 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 710 Franklin St
Date
Details
Price
Change
Source
1/12/2024
Listed
$2,000,000
35.45%
MLS
3/11/2020
Sold
$1,476,563
—
Public Record
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 710 Franklin St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$10,190
-2%
$482,700
-3%
2022
$10,388
534%
$496,100
58%
2020
$1,638
—
$313,100
—
2019
$1,638
1%
$313,100
—
2018
$1,614
5%
$313,100
—
2017
$1,542
-28%
$313,100
2%
2016
$2,146
—
$308,300
-40%
2015
$2,146
—
$511,200
—
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 710 Franklin St
710 Franklin Street, Michigan City, IN 46360 (MLS# 543843) is a Office property. 710 Franklin Street is currently listed for $2,000,000 and was received on January 12, 2024. Want to learn more about 710 Franklin Street? Do you have questions about finding other Office 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.