1115 Franklin St | Image 1
1115 Franklin St | Image 2
1115 Franklin St | Image 3
1115 Franklin St | Image 4
1115 Franklin St | Image 5
1115 Franklin St | Image 6
1115 Franklin St | Image 7

$549,000

For Sale

10 days ago

1115 Franklin St, Michigan City, IN

House

MLS® 837999

0 Bed

1 Bath

5737 sqft

0

  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size 5737 sqft
Garage 
Taxes $4,618
Days Active 9
Lot Size 
Approx. Age 1900
Avg. Price Per Sqft $95
MLS® Number 837999

Property Address: 1115 Franklin St, Michigan City, IN, 46360

Average square foot calculated using Size range provided by listing agent.

Description

Prime investment opportunity in the heart of downtown Michigan City! Looking for a multi-unit property that also includes a retail space? This fully leased, mixed-use property offers immediate cash flow and long-term upside in a highly desirable location. The commercial building boasts a new roof (2024), furnace, 200 amp service and many other updates and improvements! The street-level retail space enjoys excellent visibility and steady foot traffic, making it an ideal anchor for the property. Two residential apartments above the retail space provide consistent rental income---one of which has been completely renovated with modern finishes, offering strong tenant appeal and reduced maintenance concerns. Adding further value is a separate carriage house, enhancing the overall versatility of the property. All units are currently rented with active leases in place, making this a true turnkey investment. Situated in a vibrant corridor of Michigan City, this property is conveniently located one block from the south shore train station. Whether you're looking to expand your portfolio or secure a stable, income-producing asset in a prime location, this property delivers on all fronts!
MLS® Number837999
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1900
BasementFull
DrivewayOn Street
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 30, 2026List Date
$549,000List Price
  • Commute

Commute

Starting Address
Destination Address
1115 Franklin St, Michigan City, IN

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties