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    1540 N Morton St Franklin, IN 46131

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    For Lease
    Contact for pricing

    Retail space available for lease near Tractor Supply and Aldi.

    Property size:
    7,030 SF
    Lot size:
    9.00 Acres

    Property Features for 1540 N Morton St

    General Information

    Size
    7,030 SF
    Lot size
    9.00 Acres

    Source: Eclipse Real Estate Agent Bryan Chandler

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space Near US 31

    This property offers approximately 7,030 square feet of inline retail space available for lease. It is located next to Tractor Supply and Aldi, which is scheduled to open in 2026. Situated along US 31/Morton Street, the main retail corridor in Franklin, Indiana, the property benefits from high traffic counts, as well as excellent access and visibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Johnson
    State
    Indiana
    Longitude
    -86.066235
    Latitude
    39.492252

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    FAQs

    What type of property is this?
    Retail space - Retail space available for lease near Tractor Supply and Aldi.
    Where is this retail space located?
    The property is located at 1540 N Morton St Franklin, IN.
    What are key features of this property?
    This property features: - Located next to Tractor Supply and Aldi (opening 2026); - +/- 7,030sf inline space available for Lease; - Located along US 31/Morton St, Franklin’s main retail corridor
    (317) 614-9400
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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
    1540 N Morton St Franklin, IN 46131
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