1407 Franklin Street

Michigan City, IN 46360

$339,000
Price
3
Beds
2
1/2 Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

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!
  1. Listed by Giorgios Karayannis • @properties/Christie's Intl RE
    P: (219)-805-6754 C: (219)-805-6754 giorgios@atproperties.com

Property Details for 1407 Franklin Street

Zoning
Commercial
Subdivision
N/A
Pets Allowed
Yes
LISTING UPDATED: 11/04/2024 08:04 AM

Property Details for 1407 Franklin Street

StatusActive
MLS #810093
Days on Market238
Taxes$4,482 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1928
CountyLaPorte County

Building Information for 1407 Franklin Street

Building/Complex1407 Franklin StFloor-Stories-Residences2Pet Policy-Year Built1928Building Size-

Property Information for 1407 Franklin Street

Summary
Location and General Information
  • City/Town: Michigan City
  • State: IN
  • Township: Michigan
  • ZIP: 46360
  • Latitude: 41.71
  • Longitude: -86.90
  • County: La Porte
Taxes and HOA
  • Annual Tax Amount: $4,482.45
  • APN/Key #: 460132228013000022
  • Tax Year: 2023
  • Tax Legal Description: 42-01-32-228-013 LAND CO 24 FT 3 IN S END LTS 11 & 14 BK106
Parking
  • Garage Description: On Street
Property
Lot Information
  • Lot Square Footage: 2,178.00
  • Lot Dimensions: 25x95
  • Square Footage Source: Assessor
  • Acres: .05
Property and Assessments
  • Property Type: Residential Income
  • Property Subtype 1: Apartment
  • Year Built: 1928
  • Lot Description: Near Public Transit
  • Road Access: City Street
Utilities
  • Utilities: Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected
  • Electric: 100 Amp Service, Separate Meters, Circuit Breakers
Interior and Exterior Features
Exterior Features
  • Exterior Features: None
  • Foundation Details: Brick/Mortar
  • Levels: Multi/Split
Interior Features
  • Appliances: Built-In Refrigerator, Washer/Dryer Stacked, Refrigerator, Microwave, Gas Range
  • Basement Type: Storage Space, Unfinished
  • Basement: Yes
  • Total 1/2 Baths: 2
  • Bedrooms: 3
  • Basement Sq Ft: 0.0
  • Cooling: Ceiling Fan(s), Varies by Unit, Wall/Window Unit(s), Central Air
  • Flooring: Carpet, Wood, Vinyl, Varies, Laminate
  • Heat Type: Forced Air, Varies by Unit, Radiant
  • Interior Features: Chandelier
  • Roof: Flat, Membrane
Multi Family
Multi-Family Information
  • # of Units: 2
Rental
Rental Information
  • TenantPays: None

Property History for 1407 Franklin Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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1407 Franklin Street is a multi-family home for sale in Michigan City, IN 46360. This property was listed for sale on May 2, 2024 by @properties/Christie's Intl RE, it's currently listed at $339,000. It has been on the market for a total of 238 days and was last sold on April 24, 2017. This listing's school district is Michigan City Area Schools. Nearby schools include Knapp Elementary School, Barker Middle School and Michigan City High School. 1407 Franklin Street is a 3-bed, 1-bath, multi-family home built in 1928.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of @properties/Christie's Intl RE

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS, Northwest Indiana REALTORS® Association Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association, Northwest Indiana REALTORS® AssociationSoutheastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.