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    407 Main St Frankfort, IN 46041

    For Sale
    $350,000

    Prime location, updated features, versatile space.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional 0.74-acre commercial property at 407 N Main Street, Frankfort, IN, presents a unique investment opportunity. Originally Frankfort's historic cigar factory, this building has been meticulously renovated to blend its charming historical character with modern functionality. The main level offers versatile space suitable for a variety of business uses, from office space to retail or creative endeavors. Significant upgrades ensure both historical integrity and operational efficiency. These improvements include a substantial 800-volt power capacity, providing ample power for modern business needs. A fully updated sprinkler system ensures safety, while a firewall-protected utility room enhances security and maintenance. The HVAC system and elevator bands have also been recently upgraded, minimizing operational concerns and maximizing efficiency. The building's location in Frankfort, Indiana, offers excellent visibility and accessibility. This property represents a rare chance to own a piece of local history while benefiting from modern amenities and a versatile layout, making it an ideal investment for discerning buyers seeking a unique and well-maintained commercial space. The asking price is $350,000.

    Property Features for 407 Main St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    32,234 SF

    Building Details

    Year Built
    1917
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Stellar Candle Company Candle Store Stellar Creations on Main Gift Shop Old Goat Kids ... Children'S Clothing Store The Bankable Building Historical Landmark Pictures Of View Photography ... Photography Service

    Suggested Use

    Building Supply Auto Repair Shop Wholesale Shop Storage Facility Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Frankfort
    County
    Clinton
    State
    Indiana
    Longitude
    -86.51151
    Latitude
    40.28398

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    FAQs

    What type of property is this?
    Commercial real estate - Prime location, updated features, versatile space.
    Where is this commercial real estate located?
    The property is located at 407 Main St Frankfort, IN.
    What is the asking price?
    The asking price for this property is $350,000.
    (765) 449-8844
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    407 Main St 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
    407 Main St Frankfort, IN 46041
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