710 Franklin Street, Michigan City, IN

Retail for Sale - $2,000,000 - 21,000 Sq. Ft. on 0.16 acres


Agent Info

Jina Ko
Coldwell Banker Real Estate Group

Property Info

CIMLS#1153708
Location
  710 Franklin Street
  Michigan City IN 46360
UpdatedMarch 19th, 2024
TypeRetail
Price$2,000,000
Building21,000 Sq. Ft.
Land0.16 acres

Property Description

Amazing opportunity to buy this 21,000 (+/-) sq ft building and parking lot in the Uptown Arts DistCL A. apx 123 X 165. Corner of Franklin & 7th. HealthLinc occupies 85% of the building, they are moving to a new facility 4-1-24. Multiple offices, set up for many uses.Potential to convert to Mixed-Use. Michigan City will give grants up to $15,000 per unit for residential rentals. The parking lot also has development potential. 4 blocks to the south shore train with the express train (60 mins) to downtown Chicago. 20 mins to Michigan. This is the new IT lakefront community you want to be!!This property is blocks from Sola, $240M mixed use development, which includes hotel residences & retail and Station Block, the $93M+ which will include 220 residential units and poised to include retail/commercial units. This will directly impact the area with the estimated increase in value of $50M once complete. The office retail spaces in the building are currently for LEASE.


Financials


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