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Shopping Center with Pad Site Available
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2239 N Morton St, Franklin, IN 46131

Shopping center over 337,000 SF with a pad site option near State Road 144 and downtown Franklin.

Lot Size0.80 Acres
Days on Market608

Property Features for 2239 N Morton St

General Information

Standard status Active
Lot size 0.80 Acres
Property subtype LAND

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Space Use Retail
Listing Agency: Sandor/Sand Capital - Corporate
Listed By: Andrew Hasbrook
Source: Moodyscre
Added: Nov 29, 2024 Changed: Jul 30 Last Checked: Jul 30 at 5:27AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sandor/Sand Capital - Corporate

Investment Insights

Based on property information with market context.

This shopping center offers retail space totaling over 337,000 SF, with a pad site also available for additional development. The property is positioned about one mile north of State Road 144 and downtown Franklin.

For access and visibility, the site benefits from its location on Morton Street/U.S. 31, with a stated daily traffic count of 26,997. It is also described as approximately 12 miles south of Indianapolis, about a 15-minute drive.

The combination of an operating retail center and a separate pad site can support flexible tenanting and phased improvements, depending on how new space is planned.

Key Highlights

  • Over 337,000 SF shopping center
  • Pad site also available
  • One mile north of State Road 144 and downtown Franklin

Property Analytics

Current Use

Shopping centers

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Skin Care Clinic Garden Center Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

404
Businesses Nearby
Under-served
Demand for This Use

Demographics for 46131, IN

32,869
Population
13,151
Households
2.5
Avg Household Size
38
Median Age
25%
College-Educated
92%
High-School Grad
126.0 sq mi
ZIP Area
261
Density / Sq Mi
$81,914
Median Household Income
$44,797
Median Earnings
$1,114
Median Rent
$227,800
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Similar Off Market Nearby

  • Quick-Tag — Meijer, 2390 N Morton St, Franklin, IN 46131

Frequently Asked Questions

What type of property is this?
Shopping center - Shopping center over 337,000 SF with a pad site option near State Road 144 and downtown Franklin.
Where is this shopping center located?
The property is located at 2239 N Morton St Franklin, IN.
What are key features of this property?
This property features: Over 337,000 SF shopping center; Pad site also available; One mile north of State Road 144 and downtown Franklin
(317) 524-7868 Call to check price and availability
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