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28273317
28273336

4121 Franklin Street, Michigan City, IN 46360

AM
RB14030902, IN
Realty Executives Premier
Listed by Realty Executives Premier
$699,900
202 days on market
Updated 24 days ago

4121 Franklin Street

Details
APN 460508226013000009
Property Type Office, Retail (+1)
Sub Type Traditional Office, Medical Office (+3)
Square Footage 3,860
Cap Rate 10.80%
NOI $66,604
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Expiration 07/31/2027
Remaining Term 1.2
Class B
Year Built 1984
Stories 1
Lot Size (SqFt) 0.5
Zoning Commercial B2
Parking Spaces 24 spaces
Parking Per SqFt 6.22
Investment Type Sale/Leaseback
Ground Lease No

Meticulously Maintained Office Building w/10+ Offices, 3 Entrances, with Lighted Marquee

Marketing description

This Versatile Building, previously a Real Estate Office for 40 years, Boasts an Impressive 3,840 square & features three Separate Entrances - allowing for more than one Business to Occupy. Perfectly situated on a spacious 1/2 Acre Lot (150 ft. of Frontage), the Property has Excellent Visibility includes 24 Designated Parking Spaces and a Lighted Marquee which Enhances its Visibility even further!! The Building has 11 Offices with New LED Lighting, 2 Restrooms, Spacious Entrance Foyer & Waiting Area, Sizable Meeting/Gathering Room or Break Room, New Deck in the back allows for Outdoor Breaks plus it is Equipped with two BRAND NEW Furnaces & two BRAND NEW Central Air Conditioning Units ~ each with its Own Meter's. Conveniently Located near I-94 & within an Established Shopping Area of Michigan City this location enjoy's an Annual Average Daily Traffic Count of approximately 23,000, Guaranteeing Excellent Exposure for your Business Endeavors. Building is currently being Utilized as a School. This Property has been Meticulously Maintained and is in Excellent Condition Both Inside and Out... 14 Acres For Sale behind this property zoned Commercial B2 also available (MLS 834427)

Investment highlights

3 Entrances

Lighted Marquees

2 Separate Gas & Electric Meters to Manage Different Occupants

Prime Location & Visibility

Property Meticulously Maintained

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Listing Contacts

AM
RB14030902, IN
Realty Executives Premier
Listed by Realty Executives Premier

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$66,604.00
$5,550.33/mo

Valuation Metrics

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DSCR
9.52%
Cap Rate
9.52%
ROI

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