$549,000

1115 Franklin Street, Michigan City, IN 46360

  • 1 bath
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon2,614sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 2 months ago

Property 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!

Listing Status:
Active
Data Last Updated:
May 21, 2026 at 7:21AM
Listing Office:
Blackrock Real Estate Services : (219) 262-0086
Listing Agent:
Kimberly Fowler :
MLS ID:
837999
  • General: Other
  • Appliances: Gas RangeRefrigerator
  • Basement: Full
  • Heating: Forced AirNatural Gas
  • General: None
  • Parking: On StreetParking spaces: 0
  • General: Two
  • Originating MLS: nira
  • School District: Michigan City
  • County: La Porte
  • Zoning: 42-01-29-466-015 LAND CO 23-1/2 FT S SD LTS 12 & 13 BLK 95 & 23-1/2 FT S SD LT 9 EX 15 FT W SD LT 9 BLK 95460129466015000022
  • View: City
  • Utilities: Electricity ConnectedWater ConnectedSewer ConnectedNatural Gas Connected100 Amp Service200+ Amp Service
  • Water: Public
  • Sewer: Public Sewer
  • Source: nira

This listing courtesy of Kimberly Fowler , Blackrock Real Estate Services

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location