$399,000
Active
24 Days Online
0 Beds0 Baths4,336 SQFT
Active

1407 Franklin Street Michigan City, IN 46360

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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 cafe 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!

  • Property TypeCommercial
  • NeighborhoodN/A
  • CountyLa Porte
  • Taxes$4,269
  • HOA/Condo/Coop Fees$0
  • Days on Site24 Days
  • MLS StatusActive
  • MLS ID Number803168
  • Home Size Source Assessor
  • Year Built1928
  • Lot Size0.05 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Building Features Mixed Use
  • Parking On Street
  • Parking Spaces 0
  • Sewer Public Sewer
  • Electric 100 Amp ServiceCircuit Breakers
  • Basement Storage SpaceUnfinished
  • Acreage 0.05
  • Water Public
  • Property Sub Type Mixed Use
  • Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected
  • Listing Conditions Standard

Interior Features

  • Heating Forced AirRadiantVaries by Unit
  • Appliances Built- In RefrigeratorGas RangeMicrowaveRefrigeratorWasher/ Dryer StackedWater Heater
  • Interior Chandelier
  • Laundry Features In UnitUpper Level

Exterior Features

  • Exterior None
  • Lot Near Public Transit

Community Features

  • Township Michigan
  • Building Features Mixed Use

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Monthly Payment (Est.)

$2,111
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