2814 Franklin Street Michigan City

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2814 Franklin Street Michigan City

Michigan City, IN 46360
Asking Price
$749K
Asset Type
Medical Office Office
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Medical office property encompassing 3,960 square feet of space
  • Current asking price for this facility is $749,000
  • Strategically situated in the Indiana municipality of Michigan City
  • Ideal for various private healthcare practices or diagnostic clinics
  • Located within an established commercial corridor on Franklin Street

What's Special

Priced at $749,000, this 3,960 square foot medical office building stands as a functional asset in the Michigan City market. Situated at 2814 Franklin Street, the property serves as a strategic location for healthcare providers looking to establish or expand their presence in Northwest Indiana. The regional economy benefits from its proximity to major transit routes and the ongoing development within the Lake Michigan shoreline area, providing a steady base for medical practitioners and their patients. Given the layout and medical-specific configuration, the facility is well-suited for private practices, diagnostic clinics, or specialized outpatient centers. The professional nature of this building aligns with the requirements of healthcare tenants seeking high-visibility access and an efficient floor plan. Its placement in a established corridor offers the necessary infrastructure for diverse medical service providers to operate effectively within the community.

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NOI
$80,000
Cap Rate
10.68%
DSCR
1.80
Strong
Cash-on-Cash
15.81%
Monthly Payment
$3,705.643
Annual Cash Flow
$35,532.28

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