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    408 E Washington St Frankfort, IN 46041

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    For Sale
    $349,900

    Adaptable building near Downtown Frankfort with potential for various uses.

    Property size:
    6,017 SF
    Lot size:
    0.35 Acres

    Property Features for 408 E Washington St

    General Information

    Size
    6,017 SF
    Lot size
    0.35 Acres

    Source: Premier Commercial Real Estate Services, Inc. Agent Sam Garvin

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

    Overview

    Versatile Building in Historical District

    This two-story building, situated in a great location within the Historical District and close to Downtown Frankfort, presents a unique opportunity with lots of potential. The property could be converted to office, retail, industrial/flex, or multifamily use. The main building encompasses approximately 4,000 square feet on the first floor and approximately 2,000 square feet on the second floor, totaling approximately 6,000 square feet. An adjacent church adds approximately 2,000 square feet to the property. The building features two drive-in doors.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Frankfort
    County
    Clinton
    State
    Indiana
    Longitude
    -86.515724
    Latitude
    40.281788

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    FAQs

    What type of property is this?
    Retail space - Adaptable building near Downtown Frankfort with potential for various uses.
    Where is this retail space located?
    The property is located at 408 E Washington St Frankfort, IN.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: - Versatile property suitable for office, retail, industrial/flex, or multifamily use.; - Prime location near Downtown Frankfort and within the Historical District.; - Substantial building size: ~4,000 SF on the first floor and ~2,000 SF on the second floor.
    (317) 696-7270
    Request Owner's contact information
    408 E Washington St 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
    408 E Washington St Frankfort, IN 46041
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