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  • $339,000

    1407 Franklin St, Michigan City, IN 46360

    3beds
    --sqft
    : 
    Apartment
    Built in 1928
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Fireside chatsFormal dining roomLibrary nookGourmet kitchenOriginal hardwood floors
    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!
    224 days
    on Zillow
    |
    729
    |
    52
    |

    Zillow last checked: 7 hours ago

    Listing updated: April 04, 2025 at 11:20am

    Listed by:

    Giorgios Karayannis,

    @properties/Christie's Intl RE 219-874-7070

    Source: NIRA,MLS#: 810093MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 1407 Franklin St.

    Next available tour time:Tomorrow at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • 1/2 bathrooms: 2
    Heating
    • Forced Air, Varies by Unit, Radiant
    Appliances
    • Included: Built-In Refrigerator, Washer/Dryer Stacked, Refrigerator, Microwave, Gas Range
    • Laundry: In Unit, Upper Level
    Features
    • Chandelier
    Interior area
    • Finished area above ground: 4,336

    Property

    Parking
    • Parking features: On Street
    Features
    • Levels: Other
    • Exterior features: None
    Lot
    • Size: 2,178 Square Feet
    • Dimensions: 25 x 95
    • Features: Near Public Transit
    Details
    • Parcel number: 460132228013000022
    • Zoning description: Commercial
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Apartment
    Condition
    • New construction: No
    • Year built: 1928

    Utilities & green energy

    • Electric: 100 Amp Service, Separate Meters, Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected

    Community & HOA

    Location
    • Region: Michigan City

    Financial & listing details

    • Annual tax amount: $4,482
    • Date on market: 9/14/2024
    • Listing agreement: Exclusive Right To Sell
    • Listing terms: Cash,Conventional
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