About 2701-03 Franklin Street
BEAUTIFULLY PRESENTED, VIBRANT LOCATION for this prized gem in your investment portfolio boasting a 9 percent cap rate. A low-maintenance, multi-unit commercial property is in the heart of the booming Michigan City's midtown area. This classic building has been brought into modern times completely renovated in 2020 and 2022 from floor to ceiling. Perfectly positioned on a corner of the bustling Franklin Street, poised to capture maximum visibility and foot traffic, ensuring sustained profitability for years to come. You will find intelligent updates throughout; 2-stage variable speed high-efficiency furnaces, 3-phase electric, all LED lighting, closed-cell insulation, Nova basement system, and many more advanced features to finish this impressive property that will leave you worry-free for years to come. Long-term tenants have already established a solid foundation, providing a steady income stream from day one. Feel secure with an optometry practice established in 1924 and an innovative salon as successful, long-term tenants providing reliability, securing this property's status as an exceptionally high return. Join the ranks of visionary investors who recognize this prime location and claim your stake in the future of Michigan City!
Features of 2701-03 Franklin Street
| MLS® # | 820160 |
|---|---|
| Price | $599,000 |
| Bathrooms | 0.00 |
| Square Footage | 4,157 |
| Acres | 0.16 |
| Year Built | 1925 |
| Type | Commercial Sale |
| Sub-Type | Office |
| Status | Active |
Community Information
| Address | 2701-03 Franklin Street |
|---|---|
| City | Michigan City |
| County | La Porte |
| State | IN |
| Zip Code | 46360 |
Amenities
| Utilities | Cable Available, Water Connected, Sewer Connected, Natural Gas Connected, Electricity Connected |
|---|---|
| Parking Spaces | 25 |
| Parking | Additional Parking, On Street, Concrete |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | High Ceilings, Recessed Lighting |
|---|---|
| Appliances | Water Heater |
| Heating | Natural Gas |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Other, Unfinished, Sump Pump, Storage Space |
Exterior
| Exterior Features | Storage |
|---|---|
| Lot Description | Corner Lot |
Additional Information
| Date Listed | May 5th, 2025 |
|---|---|
| Zoning | Commercial |
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Agent | Giorgios Karayannis |
|---|---|
| Office | @properties/Christie's Intl RE |