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$995,000
3,714
square ft

514 Lake Shore Drive
Michigan City, Indiana 46360

Price Change / MLS #830554 / Multiple Family / Michigan City
Listing information updated 12/5/2025 at 2:04pm
Investors! - Income-Producing Opportunity 1 block from Sheridan Beach! Welcome to 514 Lakeshore Drive, Michigan City, Indiana -- a prime investment opportunity just minutes from Lake Michigan, downtown shops, and the vibrant Uptown Arts District. This property offers excellent potential for steady rental income, short-term rentals, or future redevelopment in a sought-after area near the beach and marina. Whether you're looking to expand your investment portfolio or secure your first cash-flowing property, this location provides consistent tenant demand thanks to its proximity to Blue Chip Casino, Washington Park, and the South Shore Train Station with easy access to Chicago commuters. Property Highlights: Located in the heart of Michigan City's growth corridor Walking distance to Lake Michigan beaches Minutes from shopping, dining, and entertainment Solid potential for value appreciation as redevelopment continues nearby Don't miss this opportunity to own property in one of Northwest Indiana's hottest investment markets. Updates have been made the units, roof and major mechanicals.
Basement:
Unfinished
Water Front:
No
Square Feet:
3,714
Lot Size:
0.0837 Acres
Acreage:
0.0837
Built:
1919
Cooling System:
Other
Tax Amount:
$9,674
Tax Year:
2024
Zip Code:
46360
City:
Michigan City
County:
La Porte

Listing Email: kimberlysutnwi@gmail.com

Disclaimer: The data relating to real estate for sale on this website comes courtesy of NIRA as distributed by MLS GRID. Real estate listings held by brokerage firms other than @properties are marked with the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/5/2025 at 2:04pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Michigan City

Michigan City, IN

With pristine beaches and close proximity to both the Indiana Dunes and the south shore of Lake Michigan, Michigan City has it all. Home to the Old Michigan City Light, the community boasts one of the last remaining and oldest lighthouses in Indiana. Today, the Michigan City Historical Society opera...
$249,804
Average Sale Price
41
Average Days On The Market
94%
Sales Prices VS. List Price
Data represents the community area’s average over the past 12 months. All information deemed reliable, but not guaranteed.
Map of 514 Lake Shore Drive, Michigan City, IN 46360
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514 Lake Shore Drive, Michigan City, IN 46360 is a multiple family currently listed at $995,000. This multiple family has been listed on @properties Christie's International Real Estate since November 8th, 2025 and was built in 1919.

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