710 Franklin St - Freestanding FOR SALE


Michigan City, IN 46360
$1,600,000 USD
219-736-0014
710 Franklin St, Michigan City, IN for Sale
$1,600,000 USD
Freestanding - FOR SALE
1/47
null | Request Cap Rate

710 Franklin St
Michigan City, IN 46360


OVERVIEW

Highly desirable property with options. Currently, this building is also being offered for Lease. The highest and best use would be offices for mid to large offices/ businesses. Average price $12.00 per sq ft annually. This property would be ripe for conversion into apartments/lofts on the second floor, commercial retail on the first floor, and developing of the parking lot. This area is best suited for Mixed-use. See attached survey. This building is 4 blocks to the train with the new double track, express train to Chicago and all the new residential and commercial development that is currently on the way. Michigan City is set to be the next "it spot" and is only 1 hr. from Chicago and 20 mins to Michigan. 1.2 miles from Lake Michigan. This Lakefront community is poised to be the place to be. The building is located in a TIF and opportunity zone. Facade grants are available. Future restaurant owners or tenants can also obtain a 3-way liquor license. Don't miss this opportunity.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$74 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Health Mart Pharmacies

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Drug Store, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1914

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

CBD1

APN/PARCEL ID

46-01-29-412-001.000-022,46-01-29-412-002.000-022

ASK ABOUT THIS PROPERTY

Mike BeczeMcColly Bennett Commercial AdvantageMore Info
219-736-0014

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Mike BeczeMcColly Bennett Commercial AdvantageMore Info
219-736-0014

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.