1409 Franklin StMichigan City, IN 46360

For Sale
$999,000

10,049 SF Flex Space, $999,000

Overview

Added:
Dec 11, 2024
Days on market:
90
This versatile Michigan City property offers 10,049 square feet of combined industrial and retail space, ideal for diverse business needs. Located at 1409-1411 Franklin St, this single-story, 1949-built building sits on a 0.11-acre lot and is zoned B2. The property features 5,000 square feet of industrial space and 5,049 square feet of retail space, currently occupied by Rent-A-Center with a lease expiring at the end of 2024. The industrial area boasts a 16-foot ceiling height, a drive-in door, three-phase electricity, two bathrooms, a mezzanine office, and an overhead heater. Onsite and street parking is available. This prime commercial location offers excellent visibility and functionality, making it a compelling investment opportunity. The property includes two units and has a total of 10,049 square feet. The asking price is $999,000. This presents a unique chance to acquire a flexible space with both retail and industrial components in a thriving area. The property's features, including the high ceiling, ample parking, and three-phase power, make it suitable for a variety of businesses. The existing retail tenant provides immediate income potential, while the upcoming lease expiration opens doors for future development and leasing strategies.

Highlights

  • $999,000 asking price for a 10,049 SF flex space.
  • 10,049 square foot building on a 0.11-acre lot in Michigan City, Indiana.
  • Property consists of 5,000 SF of industrial space and 5,049 SF of retail space.
  • Features a 16-foot ceiling height, drive-in door, and three-phase electricity.
  • B2 zoning allows for flexible commercial use.
  • Includes two units, one currently occupied by Rent-A-Center (lease expiring 2024).

Property Details for 1409 Franklin St

Property type
Other retail properties, Other industrial properties
Square Feet
10,049 SF
Class
C
Year Built
1949
Buildings
1
Stories
1
Lot Size (sq. ft)
4,792 SF
Units
2

Location Insight

City
Michigan City
County
LaPorte
State
Indiana
Latitude
41.708808802927
Longitude
-86.897630044477
1409 Franklin St, Michigan City, Indiana

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1409 Franklin St
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