2710 Franklin St - Office/Residential FOR SALE


Michigan City, IN 46360
$369,900 USD
219-229-2911
2710 Franklin St, Michigan City, IN for Sale
$369,900 USD
Office/Residential - FOR SALE
1/8
null | Request Cap Rate

2710 Franklin St
Michigan City, IN 46360


HIGHLIGHTS

  • Well Maintained and Updated Mixed Use Office
  • Located along Main Thoroughfare
  • Private & Street Parking
  • Live/Work or Multi Tenant Opportunity
  • Low RE Taxes at $0.81/SF

OVERVIEW

Opportunity located along Michigan City's main thoroughfare is this well maintained early 20th century building that has undergone several transformations. The first floor of the building was carefully configured to serve as a former law office for several decades with a large open reception area, three offices, conference room and private restroom. An 82' x 24', single-story addition with separate entryways has been added with four private offices, a large meeting/break room (19'4"x13'4"), open work area, private rest room (separate mechanical room) that has served as leased office space. An additional side entry with private parking in the rear and an engineered access ramp. Included with the addition is an attached, 24'x15' garage. The second floor has continually been occupied as a residential, 2 bedroom, 1 bath rental unit with its own utilities/mechanicals. Located along Michigan City's Public Transportation routes 1 and 3. Co-listed with Cindy Schoof - 219-363-9979

FOR SALE DETAILS

PRICE

$369,900 USD

PRICE/SF

$83 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Mixed Use Office Building along Franklin

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1904

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,759 SF

ZONING

B-2

APN/PARCEL ID

46-01-33-309-003.000-022

ASK ABOUT THIS PROPERTY

Michael SiwietzMcColly Bennett Commercial AdvantageMore Info
219-229-2911

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Michael SiwietzMcColly Bennett Commercial AdvantageMore Info
219-229-2911

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