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1416 Franklin Street

Michigan City, IN 46360
  • $469,900
  • STATUS: Active Under Contract
  • ON SITE: 179 Days
  • MLS #: 513358
Under Contract
UPDATED: 62 min ago
$469,900
  • 0
    BEDS
  • 0.42
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,468
    SQFT
  • $45
    $/SQFT
Type:
Commercial
Built:
1862
County:

School Ratings & Info

Description

Price Reduction!!Location, location, location! Large commercial investment opportunity awaits. Located three blocks from the Fast Track train station that is currently under construction. Current office renter has rented for nearly 20 years. Current office rent is $1750 per month. 2bd/1 bath apartment is rented @ $650 per month. Current annual combined rental income $28,800. Additional rental potential for another office with client entrance on Ripley St. With division of the warehouse, there is a possibility for 1-2 businesses. Warehouse has 1 loading dock & an overhead door. Warehouse has 2 front entrances on Ripley St. Warehouse also has a dry basement. There is also a billboard located on Franklin St to rent for addition income.

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© 2022 Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc. All rights reserved. Information Deemed Reliable but Not Guaranteed. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of the Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc. Real estate listings held by brokerage firms other than Rossi and Taylor Realty Group are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2022-11-26T23:52:38.64.
www.rossiandtaylor.com/homes/129310371
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1416 Franklin Street Michigan City, IN 46360

  • Price: $469,900
  • Status: Active Under Contract
  • On Site: 179 Days
  • Updated: 62 min ago
  • MLS #: 513358
0
Beds
0
Baths
0
½ Baths
0.42
Acres
10,468
SQFT
$45
$/SQFT
1862
Built
Neighborhood:
Land Cos Add/Michigan City
County:
Laporte
Area:
Michigan City
Property Description
Price Reduction!!Location, location, location! Large commercial investment opportunity awaits. Located three blocks from the Fast Track train station that is currently under construction. Current office renter has rented for nearly 20 years. Current office rent is $1750 per month. 2bd/1 bath apartment is rented @ $650 per month. Current annual combined rental income $28,800. Additional rental potential for another office with client entrance on Ripley St. With division of the warehouse, there is a possibility for 1-2 businesses. Warehouse has 1 loading dock & an overhead door. Warehouse has 2 front entrances on Ripley St. Warehouse also has a dry basement. There is also a billboard located on Franklin St to rent for addition income.
Exterior Features

Building Construction BlockBrickFrame Building Exterior Alum/Vinyl FaciaBlockBrick Dock Features CommonExterior Docks 1 Foundation BlockBrick/Mortar Frontage Access City Street Lot Dimensions .42 Acres Misc Outside Courtyard Overhead Doors 1 Parking Public Parking Parking Spaces 0 Rail Availability None Roof Coverings MembraneRubber Roof Structure Gable

Interior Features

Air Conditioning Ventilation Central Air Ceiling Type Suspended Floor Finish Carpet Floors Concrete Heat Ventilation Gas Heat Misc Inside Multi Tenant

Property Features

Amenities Exterior Lighting Backup Information Disclosure Forms Current Use Mixed Use Electrical Service Nipsco Fire Protection Alarm On Site Information 48 Hr Notice Req Possession Negotiable Potential Use OfficeRetailMixed UseWarehouse Property Subtype1 Office Property Subtype2 Multi Family Property Subtype3 Industrial Taxes 5651.00 Tenant Pays ElectricityGas Terms CashConventional Transaction Type Sale Utilities On

Listing information © 2022 Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®.
Listing courtesy of Lynne Cody of Century 21 Affiliated: adminmichigancity@c21affiliated.com;219-874-2121.

© 2022 Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc. All rights reserved. Information Deemed Reliable but Not Guaranteed. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of the Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc. Real estate listings held by brokerage firms other than Rossi and Taylor Realty Group are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2022-11-26T23:52:38.64.
 
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