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$499,000
Active1115 Franklin Street
Michigan City, IN 46360
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!
Property Details
- Interior
- Other
- Heating
- Forced Air, Natural Gas
- Bathrooms
- 1.0
- Full Baths
- 1
- View
- City
- Lot Features
- Corner Lot
- Stories
- 2
- Lot Description
- Corner Lot
- Acres
- 0.06
- Parking Features
- On Street
- Parking Spaces
- 0.0
- Property Type
- Multi-Family
- Basement
- 1
- Basement Description
- Full
- Year Built
- 1900
- Sewer Information
- Public Sewer
- Utility Source
- Public
- Utility Features
- Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected
- Appliances
- Gas Range, Refrigerator
- Subdivision
- Land Companys Add
- School District
- Michigan City
- County
- La Porte
- Region
- Michigan City
- Taxes Annual
- $4,618
- Pets
- Call
- MLS #
- 837999
- Property Subtype
- Quadruplex
- Parcel Number
- 460129466015000022
- MLS #
- 837999
- Date Listed
- March 17, 2026
- Address
- 1115 Franklin Street
Location
Legal
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Last Updated: Oct 9, 2026 9:07 AM. Source: NIRAMLS
Listing Broker: Blackrock Real Estate Services; Kimberly Fowler; kimfowler91@gmail.com
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