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    440 N Morton St Franklin, IN 46131

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    For Lease
    Contact for pricing

    Freestanding restaurant on 0.76 acres with drive-thru potential.

    Property size:
    2,097 SF
    Lot size:
    0.82 Acres

    Property Features for 440 N Morton St

    General Information

    Size
    2,097 SF
    Lot size
    0.82 Acres

    Source: Veritas Realty Agent Camden Chadd

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

    Overview

    Freestanding Restaurant with Drive-Thru Potential

    This former freestanding restaurant, situated on 0.76 acres, is available for lease. The property offers potential for a pick-up window or drive-thru. It features frontage on US-31/Morton St., which sees over 27,000 vehicles per day. A large pylon sign is located on N. Morton St. The property also benefits from cross-access with Dairy Queen. The surrounding area has a dense 3-mile population with an average household income of $103,000. The location is minutes from Franklin College, local schools, and Johnson Memorial Hospital. The building size is 2,097 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    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.

    Similar Places Nearby

    Millie's Ice Cream Co.

    Location Insight

    • Map
    • Local Demand
    City
    Franklin
    County
    Johnson
    State
    Indiana
    Longitude
    -86.065395
    Latitude
    39.485626

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    FAQs

    What type of property is this?
    Restaurant - Freestanding restaurant on 0.76 acres with drive-thru potential.
    Where is this restaurant located?
    The property is located at 440 N Morton St Franklin, IN.
    What are key features of this property?
    This property features: - High-traffic location on US-31/Morton St. with 27,000+ VPD and prominent pylon signage.; - Potential for pick-up window/drive-thru, ideal for restaurant use.; - Strong demographics: dense 3-mile population with $103K average household income.
    (317) 253-4017
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    440 N Morton St 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
    440 N Morton St Franklin, IN 46131
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