717 Michigan AveLa Porte, IN 46350

For Sale
$725,000

20,868 SF Office Building, Great Investment

Overview

Added:
Dec 11, 2024
Days on market:
90
This exceptional 20,868-square-foot, three-story Class C office building, constructed in 1889, is situated in the heart of historic downtown La Porte, Indiana. The property, located at 717 Michigan Ave (APN 46-06-35-439-012.000-043), sits on a 0.127-acre lot and offers a unique investment opportunity. Currently, the first two floors are fully leased with long-term tenants, providing a stable rental income stream. The third floor is available for an owner-occupier seeking additional rental income or conversion into multi-residential apartments. This multi-tenant building boasts elevator access to all floors and benefits from a large, adjacent parking lot—a rare amenity for a downtown location. Its prime location qualifies it for the Urban Enterprise Grant Program, and its proximity to major highways (including easy access to Hwy 35/39 and State Hwy 2) and the planned South Shore double-track train project enhances its appeal. The South Shore expansion will significantly improve La Porte County's accessibility to Chicago by rail. This property presents a compelling blend of historical charm, strong rental income potential, and strategic location. The asking price is $725,000.

Highlights

  • Prime downtown LaPorte location, eligible for Urban Enterprise Grants.
  • Excellent highway access via Hwy 35/39 and State Hwy 2.
  • Convenient proximity to the South Shore double track train line, improving Chicago commute.
  • Multi-tenant building with strong, long-term lease base.
  • First two floors fully leased; third floor available for owner-occupancy or rental income.
  • Third floor adaptable for multi-family conversion.

Property Details for 717 Michigan Ave

Property type
Other office properties, Office properties
Square Feet
20,868 SF
Class
C
Year Built
1889
Buildings
1
Stories
3
Lot Size (sq. ft)
5,532 SF

Location Insight

City
La Porte
County
LaPorte
State
Indiana
Latitude
41.6107822
Longitude
-86.7204563
717 Michigan Ave, La Porte, Indiana

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
717 Michigan Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message