106 Franklin St

106 Franklin StMilan, IN 47031
$125,350 Commercial

MLS# 192068
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This building is presently fully leased with a thriving business on the first floor and the apartment upstairs is leased on a month to month lease. First Floor is lease for $600 per month NNN and the Apartment is leased at $500 with electric water & heat included. The building is in good shape with storage and a 10 x 10 entrance to the complex.The Building was the original Milan Theater at one time with the original slanted floors intact and the second floor had the space for the movie projector which is now long gone. The apartment kitchen appliances will stay with the property. There is a full shower, washer & dryer hookups, 1 bedroom suite and a spacious living,dining & kitchen area in one huge space. The office downstairs were built to suite from the present tenant with 2 1/2 baths, a kitchen work area and a large room used for staging, stock and manufacturing area. In the back of the building is another entry/dock and an upstairs storage area.

Property & Home Details
# Levels
Ripley County
Window Unit
Baseboard, Electric, Forced Air, Gas
Outside Features:
Onsite, On Street
Public Sewer
Lifestyle in Milan, IN
Named for the city in Italy, the city's name came from German settlers who focused on grape culture and processing of wine. Today a small winery still operates south of town. During the 1800's the village grew and was referred to as a substantial business center and an active Underground Railway Station of Antebellum days. Milan was also on the route followed by Gen. John Hunt Morgan and his Confederate Cavalry in 1863. Downtown Milan isn't much more than a crossroads now, with little more than memories of its famous spot in sports history. The high school's championship-winning basketball team of 1954 inspired the 1986 movie, "Hoosiers". You will find more than just memorabilia of the 1954 State Basketball Championship at the Milan Museum. A display showcases the areas history about a farm community developing from the early 1800's through 1954 and on into today.
You'll need to meander some quiet country roads to reach Milan, located at the junction of St. Rt. 101, and St Rt. 350, about 45 minutes from Cincinnati.
Nearby Dearborn County Hospital in Lawrenceburg serves the county's medical needs, in the midst of a $38 million construction project improving the hospital to meet growing population demands. Hospitals in Cincinnati are a half hour drive away.
Milan businesses feature all the necessities, and a shopping strip containing several specialty stores. One of the local restaurants offers bed and breakfast to travelers and Milan also boasts its own winery.
Milan residents have worked to develop a community park in which area children can play baseball, picnic, or fish. Milan is one of the few towns in the county that celebrates the Fourth of July with a giant fireworks display, a parade and numerous other fun activities for the family. Golf enthusiasts can enjoy their favorite game at the Lakeside Golf Club, a public golf course with a clubhouse and restaurant, pro shop, and practice area. Tourists like to drive the John Hunt Morgan Memorial Trail, following in the footsteps of the Confederate Calvary route through the area. The former Army site, Jefferson Proving grounds offers nearby recreational access.

Milan, IN 47031

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