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    250 Alhambra Ave Frankfort, IN 46041

    For Sale
    $385,000

    Office, Office/Showroom - Frankfort, IN

    Type:Office
    Lot size:
    0.43 Acres
    Days on Market:
    187
    Last Refresh:
    Dec 7 at 2:06 am

    Property Features for 250 Alhambra Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Zoning
    C-Residential
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Office
    Bathrooms
    5
    APN
    12-10-10-482-012.000-021
    Parking
    32
    Parking features
    Paved or Surfaced
    Interior features
    Drywall, Handicap Access, Basement, Office Space, Public Restrooms, Reception Area
    Exterior features
    Handicap Access, Basement, Office Space, Public Restrooms, Reception Area
    Accessibility
    Accessible Approach with Ramp
    Lot size
    0.43 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1960
    Floors in Building
    2
    Building materials
    Brick
    Roof type
    Asphalt
    Architectural style
    Other

    Realty Group Partners, LLC dba Berkshire Hathaway HomeServices Indiana Realty (765) 449-8844 [email protected]

    Listing agent Erin Walker (765) 449-8844 License #RB21002530

    Listing date Jun 4, 2025

    MLS# 202430739 Listing URL

    Copyright © 2025 Lafayette Regional Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Office Building in Frankfort

    This 5,490 square foot office building in Frankfort, IN, offers adaptability for various uses. The main floor features a lobby and reception area, eight offices or exam rooms, a conference room, storage rooms, and a laundry room. It includes three restrooms, one ADA accessible. The lower level provides a recreation or meeting area, six additional offices or exam rooms, multiple storage rooms, and a kitchenette. This floor also has washer and dryer hookups and two restrooms, including one with a shower that is ADA accessible. The property has two parking lots providing 32 spaces. Entrances are available from both Jackson Street and Alhambra Avenue, including direct access to the downstairs level. The property, zoned C-Residential, is situated on a 0.428-acre lot in Clinton County. Potential uses include office space, medical offices, a veterinary clinic, or multi-family housing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. John F. ... Doctor Center Township of Clinton ... Government Office

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Frankfort
    County
    Clinton
    State
    Indiana
    Longitude
    -86.510212
    Latitude
    40.272893

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    FAQs

    What type of property is this?
    Office building - Adaptable 5,490 SF office building suitable for various uses.
    Where is this office building located?
    The property is located at 250 Alhambra Ave Frankfort, IN.
    What is the asking price?
    The asking price for this property is $385,000.
    What are key features of this property?
    This property features: - Expansive 5,490 sq ft adaptable space suitable for various uses.; - Ample parking with 32 spaces across two lots and entrances on two streets.; - Two floors with multiple offices/exam rooms (8 on main, 6 in lower level), conference/recreation areas, and storage.
    (765) 449-8844
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    250 Alhambra Ave Frankfort, IN 46041
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    Frankfort, IN 46041
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    250 Alhambra Ave Frankfort, IN 46041
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