$549,000

bath

5,737

square ft

1115 Franklin Street

Michigan City, Indiana 46360

Active / MLS #837999 / Multiple Unit (2-4) / Michigan City

Listing information updated 4/30/2026 at 6:24pm

Prime investment opportunity in the heart of downtown Michigan City! Looking for a multi-unit property that also includes a retail space? This fully leased, mixed-use property offers immediate cash flow and long-term upside in a highly desirable location. The commercial building boasts a new roof (2024), furnace, 200 amp service and many other updates and improvements! 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!

Full Features

Basement:

Full

Cooling System:

Central Air

Heating System:

Forced Air, Natural Gas

Appliances:

Gas Range, Refrigerator

Pool:

Age:

126 Years

Roof Type:

Other

Parking Type:

On Street

Garage:

On Street

Water Front:

Square Feet:

5,737

Lot Size:

0.06 Acres

Acreage:

0.06

Taxes & Assessments

Tax Amount:

$4,618

Tax Year:

2025

Location

Zip Code:

46360

City:

Michigan City

County:

La Porte

Schools

School District(s):

Michigan City

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Basement:

Full

Cooling System:

Central Air

Heating System:

Forced Air, Natural Gas

Appliances:

Gas Range, Refrigerator

Pool:

Age:

126 Years

Roof Type:

Other

Parking Type:

On Street

Garage:

On Street

Water Front:

Square Feet:

5,737

Lot Size:

0.06 Acres

Acreage:

0.06

Tax Amount:

$4,618

Tax Year:

2025

Zip Code:

46360

City:

Michigan City

County:

La Porte

School District(s):

Michigan City

Elementary School:

N/A

Middle School:

N/A

High School:

N/A

Listing Office: Blackrock Real Estate Services

Listing Office Phone: 219.262.0086

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 4/30/2026 at 6:24pm. 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.