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    250 Alhambra Ave Frankfort, IN 46041

    Sponsored
    For Sale
    $415,000

    Versatile 5,490 sq ft office building, ample parking.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This expansive 5,490 square foot commercial building located at 250 Alhambra Avenue, Frankfort, IN, presents a remarkable opportunity for a diverse range of businesses or residential conversions. Situated on a 0.43-acre lot, the property boasts convenient access from both Jackson Street and Alhambra Avenue, including direct access to the lower level. The main floor offers a welcoming reception area, eight offices or exam rooms, a conference room, several storage rooms, and a laundry room. Three restrooms are conveniently located, with one designed for ADA accessibility. The lower level is equally impressive, featuring a large recreation or meeting area, six additional offices or exam rooms, multiple storage rooms, and a kitchenette. Washer and dryer hookups are available on this level, along with two restrooms

    Property Features for 250 Alhambra Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    18,731 SF

    Building Details

    Year Built
    1960
    Property Profile 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
    -86.51022
    Latitude
    40.27289

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    FAQs

    What type of property is this?
    Commercial real estate - Versatile 5,490 sq ft office building, ample parking.
    Where is this commercial real estate located?
    The property is located at 250 Alhambra Ave Frankfort, IN.
    What is the asking price?
    The asking price for this property is $415,000.
    (765) 449-8844
    Request Owner's contact information
    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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