3901 FRANKLIN ST Michigan City IN 46360-7314

IN Auctioneer:Stephen Dawson, AU12500067.

Crexi Technologies, AC32500016.

For registration requirements and regulations, please review here or Alexsis Wolfson | 949-799-4658 | [email protected].

Property tours are available by appointment only. Please contact the listing broker to schedule a tour.

Introducing the FORMER SEARS PROPERTY at 3901 FRANKLIN STREET in Michigan City, IN. This prime retail space within the Marquette Mall Shopping Center presents a rare opportunity for investors or businesses looking to establish a presence in a high-traffic area. The property features a former Sears Department Store and Auto Center on a spacious 11.87-acre lot. Situated at a bustling intersection with access from Franklin Street, Route 20, and St John Road, the location offers excellent visibility and convenience for customers. With 640 parking spaces and zoning for Commercial Business, this property is ideal for retail, entertainment, or hospitality ventures. Benefiting from traffic counts of up to 24,413 VPD on St John Road, the area boasts a strong demographic profile with an average household income of $75,194 within a 1-mile radius. Don't miss out on this exceptional investment opportunity in a growing market!

• Non-Contingent

• Earnest Money Deposit: 10% of the Purchase Price

• Marketing Fee: 3% of the Winning Bid Amount, $20,000 minimum

• $10,000 Participation Deposit Required

3901 Franklin St, Michigan City, IN 46360

• 12,365 SF (Auto Center)
• 92,905 SF (Former Sears)
• 11.87 Acre Lot - Prime Redevelopment Opportunity
• B Commercial Business Zoning
• Strong visibility with pylon signage available
• Close proximity to I-94 interchange
• High traffic intersection, accessible from Franklin St, Route 20, and St John Rd
• Neighboring tenants are Walgreen, GNC, Ross, Kohl's, Office Max, and many more

For registration requirements and regulations, please review here or Alexsis Wolfson | 949-799-4658 | [email protected].

Property tours are available on Thursday, May 2nd from 10 am - 12 pm by appointment only. Please contact the listing broker to schedule a tour.

This prime commercial space is located within the Marquette Mall Shopping Center, offering excellent visibility with pylon signage available. The property includes the former Sears vacant big box, Auto Center, and 1st Source Bank outlot, totaling 92,905 SF, 12,365 SF, and 2,582 SF respectively. Situated on a spacious 13.23-acre lot, this property is accessible from Franklin Street, Route 20, and St John Road, making it a high-traffic intersection. With 640 parking spaces and zoning for B Commercial Business, this property is perfect for a variety of purposes. It also benefits from strong neighboring tenants and is in close proximity to the I-94 interchange. The population and daytime population are also substantial, making it a promising investment opportunity!

• Non-Contingent

• Earnest Money Deposit: Greater of $20,000 or 10% of the Purchase Price

• Marketing Fee: 3% of the Winning Bid Amount, $20,000 minimum

• $10,000 Participation Deposit

• Close of Escrow: May 29, 2024

3901 Franklin St, Michigan City, IN 46360

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• 12,365 SF (Auto Center)

• 92,905 SF (Former Sears)

• 2,582 SF (NNN Leased 1st Source Bank)

• 13.23 Acre Lot - Prime Redevelopment Opportunity

• B Commercial Business Zoning

• Strong visibility with pylon signage available

• Close proximity to I-94 interchange

• High traffic intersection, accessible from Franklin St, Route 20, and St John Rd

• Neighboring tenants are Walgreen, GNC, Ross, Kohl's, Office Max, and many more