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$274,900
4 Beds ⋅ 5 Baths ⋅ 843245 MLS ⋅ Eric Frageman
Excellent opportunity to add a versatile mixed-use investment property to your portfolio. This income-producing property features four two-bedroom residential units along with one (1) commercial space, offering multiple income streams in a convenient Michigan City location. The property is currently generating over 2,500 per month in rental income. All residential units are occupied on verbal month-to-month rental agreements, providing flexibility for future management and leasing strategies. The commercail space is vacant and is awaiting your next project. Conveniently located in the 46360 area of Michigan City, the property is situated just off a public bus route and offers easy access to many of the area's amenities. Enjoy proximity to Lake Michigan's shoreline and beaches, shopping, dining, entertainment, the casino, and rail service, making this a desirable location for both residential and commercial tenants. Whether you're expanding your investment portfolio or seeking a mixed-use property with immediate cash flow and future potential, this property presents an outstanding opportunity. Buyer to verify all measurements, rental information, zoning, and permitted uses. Michigan City is short term rental friendly.

205 E Garfield Street, Michigan City

Listing courtesy of Eric Frageman from Century 21 Circle.

$369,900
838552 MLS ⋅ 4,454 SqFt. ⋅ Cynthia Schoof
Opportunity located along Michigan City's main thoroughfare is this well maintained early 20th century building that has undergone several transformations. Zoned B-2. The first floor of the building was carefully configured to serve as a law office for several decades with a large open reception area, three offices, conference room and private restroom. An 82' x 24', single-story addition with separate front entryway has been added with four private offices, a large meeting/break room (19'4"x13'4"), open work area, private restroom (separate mechanicals), additional side entry with an engineered access ramp, private parking and an attached, 24'x15' garage which served as additional leased space. The second floor has continually been occupied as a residential, 2 bedroom, 1 bath rental unit with its own utilities/mechanicals. Located along Michigan City's Public Transportation routes 1 and 3.

2710 Franklin Street, Michigan City

Listing courtesy of Cynthia Schoof from McColly Real Estate.

Updated . Information deemed reliable but not guaranteed.

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker of MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some listings have been excluded from this website.