About 710 Franklin Street
Highly desirable property with options. Currently, this building is also being offered for Lease. The highest and best use would be offices for mid to large offices/ businesses. Average price $12.00 per sq ft annually. This property would be ripe for conversion into apartments/lofts on the second floor, commercial retail on the first floor, and developing of the parking lot. This area is best suited for Mixed-use. See attached survey. This building is 4 blocks to the train with the new double track, express train to Chicago and all the new residential and commercial development that is currently on the way. Michigan City is set to be the next "it spot" and is only 1 hr. from Chicago and 20 mins to Michigan. 1.2 miles from Lake Michigan. This Lakefront community is poised to be the place to be. The building has 600AMP service and is located in a TIF and opportunity zone. Facade grants are available. Future restaurant owners or tenants can also obtain a 3-way liquor license. Don't miss this opportunity.
Features of 710 Franklin Street
| MLS® # | 814372 |
|---|---|
| Price | $1,600,000 |
| Bathrooms | 0.00 |
| Square Footage | 21,730 |
| Acres | 0.46 |
| Year Built | 1914 |
| Type | Commercial Sale |
| Sub-Type | Retail |
| Status | Active |
Community Information
| Address | 710 Franklin Street |
|---|---|
| Subdivision | Lytles Sub |
| City | Michigan City |
| County | La Porte |
| State | IN |
| Zip Code | 46360 |
Amenities
| Utilities | Cable Available, Water Available, Electricity Available, Sewer Available, Phone Available, Natural Gas Available |
|---|---|
| Parking Spaces | 28 |
| Parking | Additional Parking, Off Street, Paved, Parking Lot |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | Storage |
|---|---|
| Heating | Forced Air |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Concrete |
Exterior
| Exterior Features | Lighting |
|---|---|
| Lot Description | Corner Lot, Views, Near Public Transit |
Additional Information
| Date Listed | November 20th, 2024 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Agent | Michael Becze |
|---|---|
| Office | McColly Real Estate |