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About This Home

This 0-bedroom, 0-bathroom single family at 1416 Franklin Street in Michigan City, IN is listed for $649,000 ($52 per sqft). Built in 1947, the home offers 12,470 sqft of living space on a 0.42 acres lot.

Agent Description

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.

Key Features

  • Built in 1947
  • 0.42 acre lot
  • 14 parking spaces

Property Details

14 spaces
1947

Amenities

View

Monthly Cost Estimate

$3,471/mo

20% down · 6.5% · 30 years

Principal$469
Interest$2,812
Insurance$189

Estimates only. Actual payments may vary.

Location

1416 Franklin Street

Michigan City, IN 46360

Land Cos Add/Michigan City

Features & Amenities

Exterior Features

Storage

Property Details

Views

City

Parking

On Street

Heating

Natural GasForced Air

Appliances

DryerWasherRefrigeratorGas RangeFreezer

Questions & Answers

This 0-bedroom, 0-bathroom single family at 1416 Franklin Street is listed at $649,000 ($52/sqft). The estimated monthly payment is $2,812 based on 20% down at 6.5% interest.

Key features include: Built in 1947, 0.42 acre lot, 14 parking spaces. Exterior Features: Storage.

This property is listed by Vince Kisala and can be reached at 3128042193 or vince@kisala.com.

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Vince Kisala

Agent at Coldwell Banker Real Estate Gr

(312) 804-2193

Listed by Coldwell Banker Real Estate Gr

MLS# 835851· Source: listhub· Updated 20 days ago

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.

1416 Franklin Street, Michigan City, IN 46360

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