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McColly Real Estate Logo Active Commercial Sale Retail

710 Franklin Street, Michigan City, Indiana, 46360, USA

USD $1,600,000
Reference ID:814372 Web ID:a838b
  • 600AMP electrical service

  • Located in TIF and opportunity zone

  • 1.2 miles from Lake Michigan

  • Four blocks from express train station

  • Suitable for mixed-use development

Highly desirable property with options. Currently, this building is also being offered for Lease. The highest and best use would be offices for mid to large offices/ businesses. Average price $12.00 per sq ft annually. This property would be ripe for conversion into apartments/lofts on the second floor, commercial retail on the first floor, and developing of the parking lot. This area is best suited for Mixed-use. See attached survey. This building is 4 blocks to the train with the new double track, express train to Chicago and all the new residential and commercial development that is currently on the way. Michigan City is set to be the next "it spot" and is only 1 hr. from Chicago and 20 mins to Michigan. 1.2 miles from Lake Michigan. This Lakefront community is poised to be the place to be. The building has 600AMP service and is located in a TIF and opportunity zone. Facade grants are available. Future restaurant owners or tenants can also obtain a 3-way liquor license. Don't miss this opportunity.
  • Transaction Type:Commercial Sale
  • Property Type:Retail
  • Status:Active
  • Area:21,730 sf
  • Year Built:1914
  • Lot Size:0.46 Acres
  • Parking:Off Street, Parking Lot, Paved or Surfaced
Map
Businesses Nearby

Kolasa’s Restaurant (The Polish Peasant)

(0.5 miles away)

Cafe Farina

(0.1 miles away)

Rocco's Tavern

(0.1 miles away)

The Heron Bistro

(0.1 miles away)

Vita del Lago

(0.1 miles away)

Fiddlehead Restaurant

(0.2 miles away)

Leeds Public House

(0.3 miles away)

Local Option

(0.6 miles away)

Dune Billies

(0.8 miles away)

Tavern on Twelve

(3 miles away)
Public Transportation

11th St.

(0.2 miles away)

Michigan City Southshore Train Station

(0.3 miles away)

Michigan City NICTD Southshore Train Station

(0.3 miles away)

Michigan City

(0.5 miles away)

Mc Transit

(0.9 miles away)

Michigan City Dial-A-Ride

(0.9 miles away)

Carroll Ave.

(2 miles away)

Northern Indiana Commuter Transportation District

(2 miles away)

Greyhound: Bus Stop

(2 miles away)

Coach USA - Michigan City

(2 miles away)
Airports

Michigan City Municipal Airport - Phillips Field

(4 miles away)

La Porte Municipal Airport

(13 miles away)

South Bend International Airport

(30 miles away)

Fort Wayne International Airport

(102 miles away)
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Property Highlights

  • 600AMP electrical service

  • Located in TIF and opportunity zone

  • 1.2 miles from Lake Michigan

  • Four blocks from express train station

  • Suitable for mixed-use development