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Commercial Land for Sale in Michigan City, Indiana

Franklin St, Michigan City, IN 46360

$1,499,000
1.72 acres
Active
ago
Est $10,213/mo

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, Lowe's 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 for more information.

Location

Street address
Franklin St
Elevation
657 feet
Coordinates
41.6686, -86.8935

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.

Property details

Acreage
1.72 acres
MLS #
GNIAR 834470
Posted

Property taxes

2025
$1,290

Parcels

  • 460509300012000009

Legal description

Details and features

Listing

Type
Land
Zoning
Commercial

Lot

Features
Corner Lot, Few Trees, Rectangular Lot

Structure

Water
Public
Sewer
Public Sewer

Property utilities

CategoryTypeStatus
WaterPublicAvailable

Listing history

DateEventPriceChangeSource
Feb 24, 2026New listing$1,499,000GNIAR
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This 1.72-acre property is located at Franklin St in Michigan City, IN 46360. The property is available for sale for $1,499,000 with a price per acre of $871,512.

Checked 2 hours ago — Updated

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Copyright (C) 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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