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Commercial Land Outlot Opportunity
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2401 E Wabash St, Frankfort, IN 46041

Outlot parcel on a main corridor with an existing detention pond requiring re-engineering for development.

Lot Size0.75 Acres
Days on Market451

Property Features for 2401 E Wabash St

General Information

Standard status Active
Lot size 0.75 Acres
Property subtype LAND
Listing Agency: Goodman Real Estate
Listed By: Alex Justice · License #SAL.2023006147
Source: Moodyscre
Added: May 6, 2025 Changed: Jul 28 Last Checked: Jul 29 at 3:00PM

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 Goodman Real Estate

Investment Insights

Based on property information with market context.

This commercial land outlot offers a development site along a main corridor. The property currently contains a detention pond, which will need to be re-engineered for the site to become buildable.

The surrounding retail area includes tenants such as Rural King, Papa John’s, Taco Bell, Anytime Fitness, Regions Bank, and other nearby retailers, including Walmart, Aldi, and Ruler Foods.

Demographic information provided indicates average income exceeds $70,000 within a 15-mile radius.

Key Highlights

  • Outlot parcel on a main corridor with an existing detention pond that will need re‑engineering for the site to be buildable
  • Surrounded by retailers including Rural King, Papa John’s, Taco Bell, Anytime Fitness, and Regions Bank
  • Area retailers nearby include Walmart, Aldi, and Ruler Foods

Property Analytics

Current Use

Rural King Guns Gun Shop Rural King Supply Clothing & Fashion Store Rural King Big Box & Wholesale Store

Suggested Use

Top Pick Law Firm Real Estate Agency Spa & Massage Center Building Supply Hair Salon Electrical Service

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

Location Intelligence

Trade Area within ½ mile

280
Businesses Nearby

Demographics for 46041, IN

24,120
Population
9,889
Households
2.4
Avg Household Size
37
Median Age
17%
College-Educated
83%
High-School Grad
248.4 sq mi
ZIP Area
97
Density / Sq Mi
$60,716
Median Household Income
$39,503
Median Earnings
$900
Median Rent
$154,100
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Commercial land - Outlot parcel on a main corridor with an existing detention pond requiring re-engineering for development.
Where is this commercial land located?
The property is located at 2401 E Wabash St Frankfort, IN.
What are key features of this property?
This property features: Outlot parcel on a main corridor with an existing detention pond that will need re‑engineering for the site to be buildable; Surrounded by retailers including Rural King, Papa John’s, Taco Bell, Anytime Fitness, and Regions Bank; Area retailers nearby include Walmart, Aldi, and Ruler Foods
(216) 342-9318 Call to check price and availability
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