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Updated Opportunity w/ Private Parking 710 Franklin St 21,730 SF Retail Building Michigan City, IN 46360 For Sale
INVESTMENT HIGHLIGHTS
- Heart of Downtown Redevelopment
- Located in Opportunity Zone, TDD, TIF, Community Arts District
- On All Four Public Bus Routes
- Three Blocks from Train Station to Chicago/South Bend
- Adjoining Private Parking
EXECUTIVE SUMMARY
Highly desirable property and is being presented as "subject to offer". Located in Michigan City's Arts District, it is included in the city's Opportunity Zone, Northern TIF, Transit Oriented Development Zone along with other city incentives for residential conversion (2nd Floor), Facade Grant and Riverfront Liquor License availability. Unique to downtown, adjoining lot offers private parking (28 stalls) in addition to on street parking. Updated with passenger elevator.
Less than 4 blocks to the train with the new double track, express train to Chicago and is positioned on all four public transportation routes. Michigan City is only 1 hr. from Chicago and 30 minutes to South Bend by car. Walking distance to Lake Michigan. This Lakefront community is poised to be the place to be. Don't miss this opportunity.
Less than 4 blocks to the train with the new double track, express train to Chicago and is positioned on all four public transportation routes. Michigan City is only 1 hr. from Chicago and 30 minutes to South Bend by car. Walking distance to Lake Michigan. This Lakefront community is poised to be the place to be. Don't miss this opportunity.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
21,730 SF
Building Class
C
Year Built/Renovated
1914/2009
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.08
Lot Size
0.46 AC
Opportunity Zone
Yes
Zoning
CBD1 - Central Business District
Parking
28 Spaces (1.29 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Signage
- Wheelchair Accessible
- Monument Signage
Walk Score®
Walker's Paradise (91)
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $623,969 CAD | |
| Land Assessment | $170,058 CAD | Total Assessment | $794,027 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$170,058 CAD
Improvements Assessment
$623,969 CAD
Total Assessment
$794,027 CAD
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Updated Opportunity w/ Private Parking | 710 Franklin St
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