1407 Franklin St Michigan City, IN 46360
Estimated payment $2,247/month
Total Views
26,841
3
Beds
2
Baths
4,336
Sq Ft
$78
Price per Sq Ft
Highlights
- Forced Air Heating and Cooling System
- Carpet
- 4-minute walk to Creek Ridge County Park
About This Home
Welcome to your next investment and lifestyle opportunity nestled in the heart of Michigan City, Indiana! This versatile mixed-use commercial property boasts an enviable location just moments away from the bustling new South Shore commuter train station, making it a prime spot for both locals and commuters alike. Imagine the endless possibilities as you step into this dynamic space, perfectly positioned whether you're dreaming of a vibrant cafA(c) where commuters can grab their morning coffee or cater to a diverse array of businesses; a boutique retail space showcasing local artisans, or professional offices for entrepreneurs seeking a central hub, this property offers the ideal canvas to bring your vision to life. But it's not just about business - the upper level boasts a sprawling, 2,000 square foot exquisite residential unit with 3 bedrooms and 1 bath where sunlight streams through the oversized windows, casting a warm glow on the original hardwood floors below. Relax in the spacious living room, spacious for a oversized couch and complimented with a library nook. The gourmet kitchen awaits the culinary enthusiast while entertaining guests in the formal dining room, where intimate gatherings are elevated by the ambiance of days gone by and indulge in fireside chats with a glass of your favorite bourbon. Experience the timeless elegance of a bygone era in this meticulously preserved unit to make your home or generate income with a short-term rental. From the scenic shores of Lake Michigan to the charming boutiques and eateries of downtown Michigan City, there's no shortage of reasons for visitors to explore and discover what your establishment has to offer and your life desires. Seize the opportunity with the possibility of utilizing local improvement grants with the Michigan City Urban Enterprise Zone and the federally designated Opportunity Zone. Capture the moment to be a part of Michigan City's vibrant community and elevate your experiences to new heights!
Listing Agent
@properties/Christie's Intl RE License #RB18001251 Listed on: 05/02/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,482
Year Built
- Built in 1928
Home Design
- 4,336 Sq Ft Home
Kitchen
- Gas Range
- <<microwave>>
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Utilities
- Forced Air Heating and Cooling System
- Cooling System Mounted To A Wall/Window
- Radiant Heating System
Additional Features
- Basement
Listing and Financial Details
- Assessor Parcel Number 460132228013000022
Community Details
Overview
- 2 Units
Pet Policy
- Pets Allowed
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $4,269 | $135,100 | $18,800 | $116,300 |
| 2023 | $4,053 | $135,100 | $18,800 | $116,300 |
| 2022 | $2,772 | $138,600 | $18,800 | $119,800 |
| 2021 | $962 | $105,200 | $18,800 | $86,400 |
| 2020 | $2,020 | $105,200 | $18,800 | $86,400 |
| 2019 | $3,300 | $105,200 | $18,800 | $86,400 |
| 2018 | $3,300 | $105,200 | $18,800 | $86,400 |
| 2017 | $3,270 | $104,200 | $18,800 | $85,400 |
| 2016 | $2,829 | $89,500 | $18,800 | $70,700 |
| 2014 | $1,365 | $77,100 | $36,300 | $40,800 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/02/2024 05/02/24 | For Sale | $339,000 | -- | $78 / Sq Ft |
Source: Northwest Indiana Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available |
Source: Public Records
Similar Homes in Michigan City, IN
Source: Northwest Indiana Association of REALTORS®
MLS Number: 810093
APN: 46-01-32-228-013.000-022
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