Yes it is.
A Franchi Spas 5 shot semi auto needs a firearm certificate, (section one certificate) converted to a 3 shot only needs a shotgun certificate (section two certificate Franchi Spas are a great trouble free gun or try the Raptor gas operated Franchi
Yes you can own a spas 12 in the state of michigan
A Franchi SPAS-12 Shotgun has both a pump-action and semi-automatic mode. Automatic in shotguns will generally reference semi-auto unless stated as fully automatic.
As of 2012 the value is: 850$-1050$USD depending on condition, accessories, box, papers, etc..
Franchi S.P.A. of Italy.
Factory Franchi SPAS 12 slings in good condition sell average at $250 to $380 on Gunbroker.com closed Auctions.
While clearing teams in the Plant chapter of Metal Gear Solid 2: Sons of Liberty are often seen using the Franchi SPAS-12 shotgun, this weapon is unfortunately not obtainable by the player.
Franchi S.P.A. of Italy.
Answer depends on what type of the 3 SPAS 12 Shotguns it is. SPAS-12 Fixed Stock Post 1990 Sporting Purpose Average $900-$1300 at Auction. SPAS-12L and SPAS-12 Made Prior to the 1990 Importation Ban Average $1300 Used to $2500 Unfired at Auction. The Shotgun Manufacturer Franchi had it's final retail price of this shotgun for sales Outside of the U.S.A in 2000 at $1500.00 Per Shotgun. Production ended in the year 2000 and only 5% of the Production made it into the U.S. before the Importation Ban.
Yes, but outside the Chicago City Limits.
Yes its legal in all states that do not have military style assault weapon ban in them. I would check out Armslist.com or gunbroker.com as they are hard to find locally.