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1407 Franklin Street
Michigan City, IN 46360

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Active
beds
3
partial baths
2
type
Multi-Family Home
sq.ft.
4,336
mls #
840571
Multi-Family Home

Versatile mixed-use commercial property with classic architecture is ideally positioned near the new South Shore commuter train station and The Franklin at 11th Street Station, a landmark 12-story luxury apartment development bringing new energy, residents, and momentum to downtown Michigan City. With the South Shore Line connecting Chicago's Millennium Station near Millennium Park to the South Bend International Airport, this value-add asset offers exceptional visibility and accessibility for commuters, tourists, and local patrons alike. Whether your vision is a vibrant cafe or delicatessen for morning commuters, a boutique retail space showcasing local makers, or another business concept that serves Michigan City's growing downtown, this property provides the ideal canvas. The opportunity extends beyond the commercial space. The upper level features an impressive 2,000-square-foot residential unit with 3 bedrooms and 1 bath, offering flexibility for owner occupancy or potential short-term rental use. Sunlight fills the apartment through oversized windows, highlighting the original hardwood floors and timeless character throughout. The spacious living room includes a charming library nook, while the formal dining room creates an inviting setting for intimate gatherings and fireside conversations. From the scenic shores of Lake Michigan to downtown boutiques, restaurants, arts, entertainment, and the expanding commuter corridor, this property is surrounded by reasons for people to live, work, visit, and invest in Michigan City. Additional incentives may be available through local improvement grants connected to the Michigan City Urban Enterprise Zone and the federally designated Opportunity Zone.Bring your vision and a hammer to capture the moment to be a part of Michigan City's continued growth and position your business, investment, or lifestyle vision in one of the city's most exciting downtown locations.

Property Details

taxes
$4,611.00
built
1928
MLS#
840571

Interior Features

  • Microwave oven
  • Refrigerator
  • Fireplace in living room
  • Ceiling fan(s)
  • Central air
  • Baseboard heat
  • Forced air heat
  • Carpet
  • Vinyl flooring
  • Laminate flooring
  • Unfinished basement

Exterior Features

  • On street parking
  • Lot acreage is: 0.0523
  • Lot has city view
  • Lot sqft: 2280
  • Subdivision: Land Companys Add
  • Lot zoned: Commercial
  • Public sewer
  • Public water
  • Electric Type: 100 Amp Service,Circuit Breakers
  • Units in building(s): 2
  • Total square feet: 4336
  • Total above grade finished sq ft: 4336
  • Living square feet: 4336
  • Tenant expenses: None
  • For sale
  • Tax year: 2025
  • Pets allowed

Courtesy of:
@properties/Christie's Intl RE

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By submitting this request, you agree to be contacted by Howard Hanna via call, email, and text for real estate, mortgage, insurance, and professional services but not as a condition of any purchase. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. You will receive a text message asking you to authenticate your phone number. Message/data rates may apply. This consent applies even if you are on a corporate, state, or national Do Not Call list. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. You also agree with our Terms of Use and Privacy Policy regarding the information relating to you. Your phone number, if you choose mobile opt-in data, will not be shared with third parties for marketing purposes. You can also view our privacy policy here: Policy Link

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Call (855) 464-2662

855-GO-HANNA
We are standing by to assist you.
or

Want to make an offer? Select the button below!

Make an Offer
Select a preferred date & time
Have you been pre-approved for a mortgage?

On submitting this form, you'll receive a one-time text message with verification code to confirm the mobile phone number.

By submitting this request, you agree to be contacted by Howard Hanna via call, email, and text for real estate, mortgage, insurance, and professional services but not as a condition of any purchase. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. You will receive a text message asking you to authenticate your phone number. Message/data rates may apply. This consent applies even if you are on a corporate, state, or national Do Not Call list. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. You also agree with our Terms of Use and Privacy Policy regarding the information relating to you. Your phone number, if you choose mobile opt-in data, will not be shared with third parties for marketing purposes. You can also view our privacy policy here: Policy Link

By submitting this request, you agree to be contacted by Howard Hanna via call, email, and text for real estate, mortgage, insurance, and professional services but not as a condition of any purchase. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. You will receive a text message asking you to authenticate your phone number. Message/data rates may apply. This consent applies even if you are on a corporate, state, or national Do Not Call list. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. You also agree with our Terms of Use and Privacy Policy regarding the information relating to you. Your phone number, if you choose mobile opt-in data, will not be shared with third parties for marketing purposes. You can also view our privacy policy here: Policy Link

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Mortgage Payment

The approximate monthly principal & interest payment for this property would be $1,891.70.

This payment is based on a 30-year loan at a fixed rate of 6.750 % - APR 7.010 % with a down payment of $14,950. Actual lender interest rates and loan programs may vary. Loans with lower down payments are available.

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1407 Franklin Street, Michigan City, IN 46360 is a 3 bedroom, 1 bath multi-family home offered for sale at $299,000.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of the Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc. Real estate listings held by brokerage firms other than Howard Hanna Real Estate are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.

Copyright 2026 Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc. All rights reserved. Last Updated: 7/28/2026

Data last updated: 7/28/2026