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About This Home
This 0-bedroom, 0-bathroom single family at 521 Franklin Street in Michigan City, IN is listed for $1,590,000 ($76 per sqft). Built in 1880, the home offers 21,057 sqft of living space on a 0.28 acres lot.
Prime Downtown Mixed-Use Building in the Arts District! Outstanding opportunity to own a 10-unit building right in the heart of the vibrant Arts District. The property features three street-level commercial spaces -- two versatile office/retail storefronts and one restaurant space with established infrastructure.
Upstairs, you'll find seven unique apartments, each with its own character and layout, offering a mix of options for tenants seeking something distinctive. With a mix of 0pen loft-style stuidos and one-bedroom units, these apartments attract long-term renters who value individuality and prime downtown living.
The building sits on a highly visible block surrounded by galleries, shops, and restaurants, making it a sought-after location for both commercial and residential tenants. Strong income from a diverse range of tenants make this a great investment opportunity.
Key Features
- Built in 1880
- 0.28 acre lot
Property Details
Monthly Cost Estimate
$8,504/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
521 Franklin Street
Michigan City, IN 46360
Property Details
Heating
Questions & Answers
This 0-bedroom, 0-bathroom single family at 521 Franklin Street is listed at $1,590,000 ($76/sqft). The estimated monthly payment is $6,890 based on 20% down at 6.5% interest.
Key features include: Built in 1880, 0.28 acre lot.
This property is listed by Daren Huber and can be reached at 7606856839 or daren.huber@cbrealty.com.
