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Versatile Frankfort Property with Potential
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408 E Washington St, Frankfort, IN 46041

Adaptable building near downtown Frankfort, suitable for various commercial uses.

Property Size6,017 SF
Price / SF$58.15
Days on Market648

Property Features for 408 E Washington St

General Information

Standard status Active
Size 6,017 SF
Property subtype Retail, Multifamily, Office, Industrial, Mixed Use

Building Details

Year Built 1946
Listing Agency: JLL - Indianapolis, Indiana
Listed By: Sam Garvin · License #RB22001032
Source: Crexi
Added: Oct 23, 2024 Changed: Jul 6 Last Checked: Jul 31 at 9:46AM

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 JLL - Indianapolis, Indiana

Investment Insights

Based on property information with market context.

Located less than one mile from the 'square' in downtown Frankfort, Indiana, this property presents a unique opportunity for various uses. Situated in the Historic District and surrounded by local businesses and amenities, the main building offers approximately 4,000 square feet on the first floor and 2,000 square feet on the second floor. Adjacent to the main building is a church with approximately 2,000 square feet. The 6,017 square foot property could be converted to office, retail, industrial/flex, or multifamily use. Located approximately 45 miles northwest of Indianapolis, this building offers lots of potential.

Key Highlights

  • Potential for conversion to office, retail, industrial/flex, or multifamily use.
  • Located less than one mile from downtown Frankfort, IN.
  • Main building with ~4,000 SF on the first floor and ~2,000 SF on the second floor.

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm HVAC Service Barber Shop Bakery

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

348
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

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Adaptable building near downtown Frankfort, suitable for various commercial uses.
Where is this mixed-use property 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: Potential for conversion to office, retail, industrial/flex, or multifamily use.; Located less than one mile from downtown Frankfort, IN.; Main building with ~4,000 SF on the first floor and ~2,000 SF on the second floor.
(317) 997-9362 Call to check price and availability
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