1407 Franklin St - Restaurant FOR SALE


Michigan City, IN 46360
$299,000 USD
219-805-6754
1407 Franklin St, Michigan City, IN for Sale
$299,000 USD
Restaurant - FOR SALE
1/24
null | Request Cap Rate

1407 Franklin St
Michigan City, IN 46360


HIGHLIGHTS

  • Located along Franklin Street in downtown Michigan City, offering strong visibility and consistent traffic flow in an active commercial corridor.
  • Situated in close proximity to Lake Michigan shoreline, popular retail destinations, local dining, and hospitality services.
  • Easy connectivity to major roadways including U.S. Route 12 and Interstate 94, facilitating regional travel and commuter access.
  • Walkable access to surrounding neighborhoods and businesses, enhancing customer draw and convenience for employees.
  • Positioned within Michigan City’s Midtown area, near major amenities, cultural hotspots, and growing mixed-use developments.
  • The site benefits from a neighborhood served by local transit and near the South Shore Line, which connects Michigan City to Chicago.

OVERVIEW

Versatile mixed-use commercial property with classic architecture is ideally positioned near the new South Shore commuter train station and The Franklin at 11th Street Station, a landmark 12-story luxury apartment development bringing new energy, residents, and momentum to downtown Michigan City. With the South Shore Line connecting Chicago's Millennium Station near Millennium Park to the South Bend International Airport, this value-add asset offers exceptional visibility and accessibility for commuters, tourists, and local patrons alike. Whether your vision is a vibrant cafe or delicatessen for morning commuters, a boutique retail space showcasing local makers, or another business concept that serves Michigan City's growing downtown, this property provides the ideal canvas. The opportunity extends beyond the commercial space. The upper level features an impressive 2,000-square-foot residential unit with 3 bedrooms and 1 bath, offering flexibility for owner occupancy or potential short-term rental use. Sunlight fills the apartment through oversized windows, highlighting the original hardwood floors and timeless character throughout. The spacious living room includes a charming library nook, while the formal dining room creates an inviting setting for intimate gatherings and fireside conversations. From the scenic shores of Lake Michigan to downtown boutiques, restaurants, arts, entertainment, and the expanding commuter corridor, this property is surrounded by reasons for people to live, work, visit, and invest in Michigan City. Additional incentives may be available through local improvement grants connected to the Michigan City Urban Enterprise Zone and the federally designated Opportunity Zone.Bring your vision and a hammer to capture the moment to be a part of Michigan City's continued growth and position your business, investment, or lifestyle vision in one of the city's most exciting downtown locations

FOR SALE DETAILS

PRICE

$299,000 USD

PRICE/SF

$69 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,280 SF

ZONING

Commericial

APN/PARCEL ID

46-01-32-228-013.000-022

ASK ABOUT THIS PROPERTY

Giorgios Karayannis@properties | Christie's International Real EstateMore Info
219-805-6754

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Giorgios Karayannis@properties | Christie's International Real EstateMore Info
219-805-6754

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.