1407 Franklin Street
$339,000
3
2
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Description
Welcome to your next investment and lifestyle opportunity nestled in the heart of Michigan City, Indiana! This versatile mixed-use commercial property boasts an enviable location just moments away from the bustling new South Shore commuter train station, making it a prime spot for both locals and commuters alike. Imagine the endless possibilities as you step into this dynamic space, perfectly positioned whether you're dreaming of a vibrant cafA(c) where commuters can grab their morning coffee or...Welcome to your next investment and lifestyle opportunity nestled in the heart of Michigan City, Indiana! This versatile mixed-use commercial property boasts an enviable location just moments away from the bustling new South Shore commuter train station, making it a prime spot for both locals and commuters alike. Imagine the endless possibilities as you step into this dynamic space, perfectly positioned whether you're dreaming of a vibrant cafA(c) where commuters can grab their morning coffee or cater to a diverse array of businesses; a boutique retail space showcasing local artisans, or professional offices for entrepreneurs seeking a central hub, this property offers the ideal canvas to bring your vision to life. But it's not just about business - the upper level boasts a sprawling, 2,000 square foot exquisite residential unit with 3 bedrooms and 1 bath where sunlight streams through the oversized windows, casting a warm glow on the original hardwood floors below. Relax in the spacious living room, spacious for a oversized couch and complimented with a library nook. The gourmet kitchen awaits the culinary enthusiast while entertaining guests in the formal dining room, where intimate gatherings are elevated by the ambiance of days gone by and indulge in fireside chats with a glass of your favorite bourbon. Experience the timeless elegance of a bygone era in this meticulously preserved unit to make your home or generate income with a short-term rental. From the scenic shores of Lake Michigan to the charming boutiques and eateries of downtown Michigan City, there's no shortage of reasons for visitors to explore and discover what your establishment has to offer and your life desires. Seize the opportunity with the possibility of utilizing local improvement grants with the Michigan City Urban Enterprise Zone and the federally designated Opportunity Zone. Capture the moment to be a part of Michigan City's vibrant community and elevate your experiences to new heights!
- Listed by Giorgios Karayannis • @properties/Christie's Intl REP: (219)-805-6754 C: (219)-805-6754 giorgios@atproperties.com
Property Details for 1407 Franklin Street
Zoning
Commercial
SubdivisionN/A
Pets AllowedYes
LISTING UPDATED: 11/04/2024 08:04 AM
Property Details for 1407 Franklin Street
Status | Active |
---|---|
MLS # | 810093 |
Days on Market | 238 |
Taxes | $4,482 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Apartment |
Year Built | 1928 |
County | LaPorte County |
Building Information for 1407 Franklin Street
Building/Complex1407 Franklin StFloor-Stories-Residences2Pet Policy-Year Built1928Building Size-
Property Information for 1407 Franklin Street
Property History for 1407 Franklin Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1407 Franklin Street
Taxable ValueLand$18,800Additions$116,300Total$135,100
Tax Record2023$4,482 ($374 / month)
Home Facts
Total Finished SqFt6,504 SqFtAbove Grade Finished SqFt6,504 SqFtStories3Lot Size2,280 SqFtStyleMiscellaneous CommercialYear Built1928CountyLAPORTEAPN46-01-32-228-013.000-022
Schools near 1407 Franklin Street
This home is within Michigan City Area Schools.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | 6 to 12 |
Rating | School | Distance |
---|---|---|
Knapp Elementary School PublicPK to 6 | ||
Barker Middle School Public7 to 8 | ||
Michigan City High School Public9 to 12 | ||
A K Smith Area Career Center Public6 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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