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Listing provided courtesy of Coldwell Banker Real Estate GrNorthwest Indiana MLSas Distributed by MLSGrid- MLS# 835851MLS Provider

1416 Franklin StreetMichigan City, IN 46360

Commercial · 12,470 Sq. ft. | 0.42 Acres
$649,000 Active

1416 Franklin Street Overview

Time on Site:
100 days
Visits:
0

This versatile space is designed for multi-tenant use, offering strong investment and income potential. 3 blocks from the new South Shore train Station and The Franklin luxury apartment development. On the street level along Franklin Street, you'll find a spacious three-office suite along with a separate standalone retail space, perfect for a variety of business uses. The second floor features a residential unit with 2 bedrooms and 1.5 bathrooms--ideal for owner occupancy or rental income. The main building has a brand-new roof installed in 2025, adding peace of mind for future ownership. At the rear of the property on Ripley sits an industrial building, formerly home to a bolt company. This structure includes a loading dock and generous warehouse space, making it ideal for storage, light manufacturing, or distribution. Located in a rapidly developing area with increasing foot traffic and investment, this property offers endless possibilities for entrepreneurs and investors alike. Schedule your tour today and explore the potential firsthand.

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1416 Franklin Street Facts & Features

  • Type Commercial
  • Sq. ft. 12,470
  • Price/Sq.ft. $52
  • Lot 0.42 Acres

Details

General

Association/HOA

  • Common Interest: None

Building Information

  • Year Built: 1947

Location/Region

  • County Or Parish: La Porte
  • Subdivision Name: Land Cos Add/Michigan City
  • Township: Michigan

Tax Information

  • Tax Annual Amount: 5663
  • Tax Year: 2024

General Information

  • Listing Terms: Cash,Owner Assisted,Conventional,Contract
  • Parcel Number: 460132229011000022
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Special Listing Conditions: None

Interior

Building Interior

  • Building Area Source: Assessor

General Information

  • Appliances: Dryer,Washer,Refrigerator,Gas Range,Freezer
  • Building Features: Multi Tenant,Business District Location,Open Dock(s),Courtyard,Shower/Locker Room,Private Restrooms
  • Electric: 100 Amp Service
  • Heating: Forced Air,Natural Gas
  • Laundry Features: Electric Dryer Hookup,Washer Hookup,Upper Level,Main Level,Lower Level,Gas Dryer Hookup
  • Living Area: 12470
  • Security Features: Fire Alarm

Exterior

Parking Information

  • Parking Features: Additional Parking,On Street
  • Parking Total: 14

Lot Information

  • Lot Features: Corner Lot,Landscaped
  • Lot Size Acres: 0.42
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 18295
  • Water Source: Public

Waterfront/View

  • View: City
  • Waterfront: false

General Information

  • Exterior Features: Storage
  • Sewer: Public Sewer
  • Utilities: Electricity Connected,Water Connected,Sewer Connected,Natural Gas Connected

1416 Franklin Street Neighborhood

Community

46360 (Michigan City) Demographics

40
Median Age
543
Population Density (per sq. mile)
29%
College Educated
$50,075
Estimated Median Income
11,503
Estimated Total Home Owners
6,112
Estimated Total Renters
65% / 35%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1416 Franklin Street Monthly Cost

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$
$
Marc Churchill
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1416 Franklin Street Market Data

Based on the last 30 days in this zip code

$438,983
Average List Price
$237
Average Price per Square Foot
44
Properties Sold
130
Average Days on Market
228
Properties for Sale
Calculations provided by Reliance Network

1416 Franklin Street History

Date Event Value Agent
3/21/2026Source: Northwest Indiana MLS Added to Database
March 21, 2026