717 Michigan Avenue, La Porte, IN 46350
- $625,000
- 20,868
- SqFt
- List Price
- $625,000
Property Description
An iconic three-story commercial building totaling approximately 20,868 SF, prominently located in the heart of historic downtown LaPorte. This well-maintained property offers a compelling blend of stable occupancy and future value-add potential. The first floor is fully leased to long-term tenants with a proven payment history. The second floor is home to the seller's accounting firm. The third floor presents a standout creative opportunity. Currently listed for lease, the space features an expansive 2,312 SF open-concept area with dramatic 20-foot ceilings, hardwood flooring, oversized windows, and exceptional natural light. Three additional rooms make up this future lease space. A leased apartment is also located on the third floor, accessible via elevator and stairwell. This expansive open area is an ideal setting for a dance studio, yoga or wellness space, martial arts or karate dojo, or a creative office or studio concept. For buyers looking long-term, the layout and ceiling height also offer a unique opportunity to build out multifamily penthouse suites, blending historic character with modern living all in the heart of downtown LaPorte. This space is a blank canvas ready to be transformed. An elevator services all floors and is professionally inspected and maintained annually. The full basement offers excellent storage or future leasing potential and features its own exterior access opening the door to creative adaptive reuse opportunities such as a private lounge, event space, or speakeasy concept (subject to approvals). Conveniently located near major transportation routes with immediate access to Highway 35/39 and State Road 2. Property qualifies for the Urban Enterprise Grant Program (more information in the document section). Full rent roll document is also available in the document section. Seller is highly motivated and ready for negotiations.
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Listing courtesy of Blackrock Real Estate Services.
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