Updated Storefront with Adjacent
For Sale
$415,000
550 W Walnut St, Frankfort, IN 46041
Updated commercial space includes a neighboring vacant parcel for expansion or additional parking.
Property SizeContact for details
Days on Market207
Property Features for 550 W Walnut St
General Information
Standard status
Active
Additional Details
Road Access
Yes
Land Use
commercial
Building Details
Buildings
1
Listing Agency:
AXEN Realty LLC
(317) 506-8626
Listed By:
Kathy Zamora
(317) 506-8626
Source:
Exprealty
Added: Feb 4
Changed: Aug 22
Last Checked: Aug 29 at 1:48PM
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 AXEN Realty LLC
Investment Insights
Based on property information with market context.
This storefront property at 550 W Walnut St in Frankfort, IN includes an updated commercial building and an adjoining vacant lot sold as one package. The building was originally configured for salon use and features a 4-foot crawl space, upgraded bathroom finishes, newer flooring, a roof installed in 2024, and A/C added in 2025.
The neighboring parcel at 506 W Walnut St provides additional land for future expansion, parking, drive-through access, or new development. The property fronts W. Walnut St and benefits from visible street exposure and reported traffic flow. The building and lot are being offered together, with the adjacent parcel identified as MLS# 22082394.
The neighboring parcel at 506 W Walnut St provides additional land for future expansion, parking, drive-through access, or new development. The property fronts W. Walnut St and benefits from visible street exposure and reported traffic flow. The building and lot are being offered together, with the adjacent parcel identified as MLS# 22082394.
Key Highlights
- Updated commercial building with adjacent vacant lot sold as a package
- Roof installed in 2024 and A/C added in 2025
- 4‑foot crawl space and upgraded bathroom finishes
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
547
Businesses Nearby
26k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 82%
Home Improvements & Furnishings 8%
Dining 6%
Electronics 4%
BP
Shops & Services
6,658 visits/mo
0.4 miles
Dollar General
Shops & Services
5,019 visits/mo
0.5 miles
Marathon
Shops & Services
4,630 visits/mo
0.5 miles
AutoZone
Shops & Services
3,924 visits/mo
0.2 miles
Domino's Pizza
Dining
1,603 visits/mo
0.5 miles
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 Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Updated commercial space includes a neighboring vacant parcel for expansion or additional parking.
Where is this storefront property located?
The property is located at 550 W Walnut St Frankfort, IN.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: Updated commercial building with adjacent vacant lot sold as a package; Roof installed in 2024 and A/C added in 2025; 4‑foot crawl space and upgraded bathroom finishes
