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    4689 State Road 135 Franklin, IN 46131

    Sponsored
    For Sale
    $389,900

    High-potential commercial property, two buildings, 0.47 acres.

    Property size:
    2,504 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 0.47-acre mixed-use property at 4689 N State Road 135 in Franklin, Indiana, presents a compelling investment opportunity. The property boasts a total of 2,504 square feet of space, divided between two buildings. The main structure, a pole barn measuring approximately 36x45 feet (1620 sq ft), currently operates as an auto body shop and includes a car ramp, compressor, tools, and equipment (negotiable). A smaller building, approximately 17x52 feet (884 sq ft), serves as a paint shop. Both buildings are equipped with electricity, gas, and well water. A small storage shed is also located on the property. The property is currently zoned C-3 General Commercial Business, offering considerable flexibility for a variety of uses. The seller is highly motivated and open to offers. Approximately two-thirds of the 0.47-acre lot is currently undeveloped grassy land. Potential uses include, but are not limited to, car sales, daycare centers, restaurants, veterinary clinics, and various service and repair shops. Note that two adjacent properties to the west are currently listed for sale, and two properties to the east are pending sale. This presents a unique chance to acquire a strategically located commercial property with significant redevelopment potential in a growing area. The asking price is $389,900.

    Property Features for 4689 State Road 135

    General Information

    Property type
    Mixed-use properties
    Square Feet
    2,504 SF
    Lot Size
    20,473 SF

    Building Details

    Year Built
    1988
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Pharmacy Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Johnson
    State
    Indiana
    Longitude
    -86.15799
    Latitude
    39.54372

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    FAQs

    What type of property is this?
    Mixed-use property - High-potential commercial property, two buildings, 0.47 acres.
    Where is this mixed-use property located?
    The property is located at 4689 State Road 135 Franklin, IN.
    What is the asking price?
    The asking price for this property is $389,900.
    (317) 531-0744
    Request Owner's contact information
    4689 State Road 135 Franklin, IN 46131
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    Franklin, IN 46131
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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
    4689 State Road 135 Franklin, IN 46131
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