0 Franklin Street, Michigan City, IN 46360
La Porte County
Key Facts
Description
Prime Commercial Opportunity - Highway 421 (Franklin Street). Exceptional 1.72-acre corner lot located directly on highly traveled Highway 421 (Franklin Street) in the heart of Michigan City's primary retail corridor. This property offers excellent visibility, strong traffic counts, and easy access, making it ideal for retail, hospitality, restaurant, medical, or service-oriented development. The site is surrounded by major national retailers including Walmart Supercenter, Meijer, Lowes Home Improvement, Menards, Hobby Lobby, TJ Maxx, R.P. Home & Harvest, Kohl's and many others - creating a powerful retail draw and steady consumer traffic. Strategically positioned with 14 hotels within a one-mile radius and just minutes from the I-94 interchange, the location captures both local and interstate traffic. 1.2 acres development-ready at the front of the parcel strong corner presence High-growth commercial corridor excellent accessibility with approximately 3.3 million annual visitors, Michigan City continues to establish itself as a regional destination. The area is currently experiencing nearly 2 billion in ongoing and planned development, along with new residential communities under construction- driving additional demand and long-term growth. This is one of the last remaining commercial land opportunities on Franklin Street. Contact us today for more information.
Property Information
Property Type
Commercial Sale
Sub-Type
Unimproved Land
Year Built
1800
Living Area
1.72 sq ft
Lot Size
1.72 acres
Days on Market
2
MLS® Listing#
841491
Property Features
Exterior
Cooling
Heating
Flooring
Lot Features
Construction
Roof
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$1,290
Tax year 2025
Parcel Number
460509300012000009
Directions
Highway 94 to North Michigan City Exit, one block to property on the right side, across the street from Panera Bread, on Franklin St, on the corner of Franklin St and the entrance of Walmart St.
Affordability Calculator
$279,800
Estimated monthly payment
$7,446/mo
Principal $1,119,200 · Est. interest $1,561,384 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Michigan City, IN
- $282,143
- Median Listing Price
- 53
- Median Days on Market
- 1,845
- Median Sq Ft
- $160
- Median Price / Sq Ft
- 148
- Active Listings
- This home’s price is 396% above the area median.
- Its price per sq ft is 507275% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Michigan City, IN.
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 30 Bristol Drive, Michigan City, IN | $998,000 | 4 | 3 | 4,121 |
| 0 W 400 N, Michigan City, IN | $1,050,000 | — | — | — |
| 3417 Franklin Street, Michigan City, IN | $1,075,000 | — | — | 4,702 |
| 234 E 2nd Street, Michigan City, IN | $1,290,000 | — | — | 25,852 |
| 326 Us-20, Michigan City, IN | $1,450,000 | — | — | 8,098 |
Moving Cost Estimate
Listing Courtesy: @properties/Christie's Intl RE - 2192432120
Presented by: Zakaria Elhidaoui
Last Updated: 2026-06-29