1411 Franklin St 10,049 SF 100% Leased Industrial Building Michigan City, IN 46360 $999,000 ($99.41/SF)

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EXECUTIVE SUMMARY

The retail space is currently occupied by Rent-A-Center, whose lease expires at the end of 2024. The retail space has a showroom, bathroom, and two offices. The industrial area has three-phase electricity, two bathrooms, a mezzanine office, and an overhead heater.

PROPERTY FACTS

Price	$999,000
Price Per SF	$99.41
Sale Type	Investment or Owner User
Property Type	Industrial
Property Subtype	Showroom General Retail Storefront Retail/Office
Building Class	C
Lot Size	0.34 AC
Rentable Building Area	10,049 SF
No. Stories	1
Year Built	1949
Clear Ceiling Height	16’
No. Drive In / Grade-Level Doors	1
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

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Walk Score®

Very Walkable (83)

PROPERTY TAXES

Parcel Number	46-01-32-228-014.000-022	Improvements Assessment	$75,100
Land Assessment	$28,800	Total Assessment	$103,900

ZONING

Zoning Code

B2 (Established to accommodate a wide range of specialized commercial uses including highway oriented service and commercial types of establishments to se)