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508 Wabash Street
Michigan City, IN 46360

$440,000 - Status: Active
SQFT: 2,112
MLS# 846452

TURNKEY INVESTMENT OPPORTUNITY just blocks from Lake Michigan! Fully furnished and ready for immediate use, this unique 1870's property offers the flexibility today's investors are looking for, historic charm that sets it apart and modern convenience. You have the best of both worlds. Currently configured as two separate living spaces, the main level features 2 bedrooms and 2 bath, while the bright and sunny upper level offers 1 possible 2 bedrooms and 1 bath. Enjoy the deck surrounded by arborvitae, roses and hydrangeas. Best of all, BOTH levels are being sold completely furnished--making this a truly turnkey opportunity ready for your short term or long term rental strategy from day one. Original hardwood floors, doors and windows preserve the home's historic character, complemented by modern updates including quartz countertops and NEW appliances. Commercial zoning opens the door to additional possibilities. The location is exceptional, located directly across from the Lighthouse Place premium outlet mall and just blocks from Lake Michigan beaches, downtown dining, coffee shops, the Washington park zoo, Blue Chip casino and vibrant Arts District, with Indiana Dunes National Park nearby. Priceless location that gives visitors everything they come to Michigan city to enjoy. So many possibilities with this property: Live in one and rent the other, operate both as rentals, or explore the property's commercial potential. Furnished, flexible and positioned in the heart of Michigan City's tourism district--bring your strategy and start generating possibilities from day one!

Property Features

MLS#: 846452
Zip: 46360
Subdivision: Elstos
Development: Michigan
Property Type: Commercial - Business
Days on Site: 30
Heating: Forced Air, Natural Gas
Lot Size: 0.08 acres
Taxes: $2,254
Year Built: 1870

Appliances

Dryer
Water Heater
Washer
Stainless Steel Appliance(s)
Refrigerator
Microwave
Gas Water Heater
Gas Range
Dishwasher

Feature Descriptions

Exterior Features: Balcony, Storage, Rain Gutters, Fire Pit
Interior Features: Double Vanity, Kitchen Island, Entrance Foyer
Lot Description: Back Yard, Rectangular Lot, Front Yard
Parking Features: Detached, Additional Parking, On Street, Garage Faces Front, Driveway, Off Street
Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
Sewer: Public Sewer
Utilities: Electricity Connected, Water Connected, Sewer Connected, Natural Gas Connected
Water: Public

508 Wabash Street | MLS# 846452

This commercial property located at 508 Wabash Street , Michigan City, IN 46360 is currently listed for sale with an asking price of $440,000. Search Michigan City real estate on www.coldwellbanker1stchoice.com today.

Listed By / Shown By

Listed By

Agency Name: Blackrock Real Estate Services
Agency Phone: (219) 262-0086

Shown By

Agency Title: Coldwell Banker 1st Choice
Agency Phone: (219) 324-2121

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