514 Lake Shore Drive, Michigan City, IN 46360

Local realty services provided by:ERA Crossroads
514 Lake Shore Drive,Michigan City, IN 46360
$995,000
Virtual Tour
  • 7 Beds
  • 7 Baths
  • 3,714 sq. ft.
  • Multi-family
  • Active
Listed by: kimberly sut
Office: listing leaders executive real estate group, llc.
MLS#:202545357
Source:Indiana Regional MLS

Price summary

  • Price:$995,000
  • Price per sq. ft.:$189.74

About this home

Investors! - Income-Producing Opportunity 1 block from Sheridan Beach! Welcome to 514 Lakeshore Drive, Michigan City, Indiana — a prime investment opportunity just minutes from Lake Michigan, downtown shops, and the vibrant Uptown Arts District. This property offers excellent potential for steady rental income, short-term rentals, or future redevelopment in a sought-after area near the beach and marina. Whether you're looking to expand your investment portfolio or secure your first cash-flowing property, this location provides consistent tenant demand thanks to its proximity to Blue Chip Casino, Washington Park, and the South Shore Train Station with easy access to Chicago commuters. Property Highlights: Located in the heart of Michigan City's growth corridor Walking distance to Lake Michigan beaches Minutes from shopping, dining, and entertainment Solid potential for value appreciation as redevelopment continues nearby Don't miss this opportunity to own property in one of Northwest

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Home facts

  • Year built:1919
  • Listing ID #:202545357
  • Added:51 day(s) ago
  • Updated:December 17, 2025 at 12:58 AM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:7
  • Full bathrooms:7
  • Living area:3,714 sq. ft.

Heating and cooling

  • Cooling:Window
  • Heating:Multiple Heating Systems

Structure and exterior

  • Year built:1919
  • Building area:3,714 sq. ft.
  • Lot area:0.08 Acres

Schools

  • High school:Michigan City
  • Middle school:Martin Krueger
  • Elementary school:Lake Hills

Utilities

  • Water:Public
  • Sewer:Public

Finances and disclosures

  • Price:$995,000
  • Price per sq. ft.:$189.74
  • Tax amount:$1
IRMLS information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. IRMLS Data is deemed reliable but is not guaranteed accurate by the MLS. IRMLS information provided by the Indiana Regional MLS. Copyright 2025 Indiana Regional MLS LLC.

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