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1115 Franklin Street
Michigan City IN 46360 US

$549,000

Active Listing ID 835608
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Lot: 0.06 Acres
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Other

$549,000

Active Listing ID 835608
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1115 Franklin Street Prime investment opportunity in the heart of downtown Michigan City! This fully leased, mixed-use property offers immediate cash flow and long-term upside in a highly desirable location. 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!

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Property Features

  • Facts
  • Lot Size: 0.06 Acres
  • Property Type: Residential
  • Property Sub-type: Other
  • Features
  • Heating Fuels: Natural Gas, Forced Air
  • Additional Features
  • Basement

Property

  • propertytype: Residential
  • propertysubtype: Other
  • listprice: 549000
  • unparsedaddress: 1115 Franklin Street
  • postalcity: Michigan City
  • stateorprovince: IN
  • country: US
  • postalcode: 46360
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.06
  • lotsizeunits: Acres
  • lotsizearea: 0.06
  • livingarea: 5737
  • livingareaunits: Square Feet
  • latitude: 41.710713
  • longitude: -86.898957
  • listagentfullname: Kimberly Fowler
  • listagentemail: kimfowler91@gmail.com
  • listagentkey: 3yd-GNIARIN-16676
  • listagentmlsid: 16676
  • listagentpreferredphone: 2193315496
  • listagentofficephone: 2193315496
  • listofficekey: 3yd-GNIARIN-1325
  • listofficemlsid: 1325
  • disclaimer: Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: GNIARIN
  • yearbuilt: 1900
  • listingcontractdate: 2026-03-17
  • countyorparish: La Porte
  • parcelnumber: 460129466015000022
  • appliances: Gas Range, Refrigerator
  • heating: Natural Gas, Forced Air
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: On Street
  • view: City
  • waterfrontyn: False
  • franchiseaffiliation: None
  • rooms: Basement
  • speciallistingconditions: Standard
  • basement: Full
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -86.89896, 41.710712
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"blackrock realty services", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"kimfowler91@gmail.com", "ListBrokerageCity":"portage", "ListBrokerageCountry":"US", "ListBrokerageEmail":"sellblackrock@gmail.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"blackrock realty services", "ListBrokeragePhone":"(219) 741-6134", "ListBrokeragePostalCode":"46368", "ListBrokerageStateOrProvince":"IN", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"2684 willowcreek rd", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"179 South Calumet ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"1325", "ListOfficeCity":"Chesterton", "ListOfficeCountry":"USA", "ListOfficeEmail":"christinaharber@sellblackrock.com", "ListOfficePostalCode":"46304", "ListOfficeStateOrProvince":"IN", "ListPriceCurrencyType":"USD", "ListingTitle":"SINGLE_FAMILY - Michigan City, IN", "ListingURL":null, "MLSModificationTimestamp":"2026-03-18 02:02:14", "Neighborhoods":[{"Description":null, "Name":"Land Companys Add"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":4618, "TaxDescription":"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 95", "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 3/18/2026 2:07:42 AM GMT
Source Updated Date: 3/31/2026 7:48:53 AM GMT

Courtesy of: Kimberly Fowler, Blackrock Real Estate Services, kimfowler91@gmail.com

Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.