Health Mart Pharmacies 710 Franklin St

Investment Highlights

Foot Traffic 1 hr to downtown Chicago 20 mins to Michigan Central business district

Executive Summary

AUCTION JULY 22-24th. Contact broker for details. Highly desirable property with options. HealthLinc occupies 85% of the property, they will be moving out by 4-1 2024.Currently this building is also being offered for Lease. Highest and best use would be offices for mid to large offices/ businesses. Average price $14.00 per sq ft annual. This property would be ripe for conversion into apartment/lofts on the second floor and commercial retail on the first floor and developing the parking lot. This area is best suited for Mixed-use. See attached survey. This building is 4 blocks to the train with the new double track, express train to Chicago and all the new residential and commercial development that is currently on the way. Michigan City is set to be the next "it spot" and it is only 1 hr from Chicago and 20 mins to Michigan. 1.2 miles from lake Michigan. This Lake front community is poised to be the place to be. Building located in a the TIF and opportunity zone. Facade grants are available. Future restaurant owner or tenant can also obtain a 3 way liquor license. Don't miss this opportunity.

• Sale Type    Investment or Owner User
• Sale Condition    Redevelopment Project
• Property Type    Retail
• Property Subtype    Freestanding Freestanding General Retail Restaurant General Retail Storefront Retail/Office Showroom Freestanding
• Building Size    22,274
• Building Class    C
• Year Built    1914
• Percent Leased    86
• Tenancy    Multiple
• Building Height    2 Stories
• Building FAR    1.11
• Land Acres    0.46 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.