731 Franklin Street
731 Franklin Street
$1,195,000
—
12,000
12,000
$100
Pending
Description
Rare opportunity to own a fully occupied mixed use building in the Uptown Arts District of Michigan City. Vibrant corner location with high traffic count with 2 (potentially 3) ground level commercial spaces and 3 beautiful loft apartments above. Plenty on street public parking available and just steps from the seasonal Farmer's Market. Each residential loft is 2000 square feet and fully renovated. Two lofts have a rear deck/entry and designated parking (1 space per loft). Corner loft is accessed...Rare opportunity to own a fully occupied mixed use building in the Uptown Arts District of Michigan City. Vibrant corner location with high traffic count with 2 (potentially 3) ground level commercial spaces and 3 beautiful loft apartments above. Plenty on street public parking available and just steps from the seasonal Farmer's Market. Each residential loft is 2000 square feet and fully renovated. Two lofts have a rear deck/entry and designated parking (1 space per loft). Corner loft is accessed from side entry on 8th St. One loft unit is used as a STR. Huge potential in converting the remaining 2 loft apartments to short term rentals. Most units are currently occupied by long term tenants who already have 4+ years of occupancy and leases. Home to beloved and well established local businesses Hoity Toity and Mucho Mas. Building currently grosses over $117,000 annually.
- Listed by Michael Conner • @properties/Christie's Intl REP: (312) 735-2912 C: (312) 735-2912 mconner@atproperties.com
- Listed by Ruth Conner • Rudy ConnerP: (219) 898-0708 C: (219) 898-0708 rudy@atproperties.com
Property Details for 731 Franklin Street
Subdivision
Elstons
Location
LISTING UPDATED: 05/03/2024 11:57 AM
Property Details for 731 Franklin Street
Status | Pending |
---|---|
MLS # | 537424 |
Days on Market | 246 |
Taxes | $8,047 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Commercial Sale / Multi Family |
Year Built | 1910 |
Lot Size | 0.17 AC / 7,385 SF |
County | LaPorte County |
Location
Building Information for 731 Franklin Street
Stories2Residences5Year Built1910Building Size-Lot Size0.17 AC / 7,385 SF
Payment Calculator
$7,192 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 731 Franklin Street
Property History for 731 Franklin Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 731 Franklin Street
Taxable ValueLand$52,300Additions$243,600Total$295,900
Tax Record2023$8,047 ($671 / month)
Home Facts
Total Finished SqFt18,432 SqFtAbove Grade Finished SqFt18,432 SqFtStories3Lot Size7,385 SqFtStyleMiscellaneous CommercialYear Built1910CountyLAPORTEAPN46-01-29-411-017.000-022
Schools near 731 Franklin Street
This home is within Michigan City Area Schools.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Pine Elementary School PublicPK to 6 | ||
Barker Middle School Public7 to 8 | ||
Michigan City High School Public9 to 12 | ||
A K Smith Area Career Center Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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