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    408 Washington St Frankfort, IN 46041

    Sponsored
    For Sale
    $349,900

    6,017 SF, 2-unit building, high potential.

    Property size:
    6,017 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional mixed-use property at 408 E. Washington St., Frankfort, IN 46041, presents a unique investment opportunity. The 6,017 square foot building, constructed in 1946, sits on a 0.3-acre lot and features two stories, offering versatile space adaptable to various uses. Currently configured as a storefront, creative office, and flex space, the property's potential extends to office, retail, industrial/flex, or even multifamily conversion. The main building comprises approximately 4,000 square feet on the first floor and 2,000 square feet on the second floor. Adding to its appeal is an adjacent approximately 2,000 square foot church building. The property boasts two loading docks, enhancing its functionality. Its prime location less than a mile from downtown Frankfort's square, within the Historic District, ensures high visibility and accessibility to local businesses and amenities. This is an owner/user NNN lease property, listed at $349,900. With its substantial size, flexible layout, and desirable location, this property offers significant upside for the discerning investor. The two buildings are situated on a 0.3-acre lot.

    Property Features for 408 Washington St

    General Information

    Property type
    Individual retail properties
    Square Feet
    6,017 SF
    Lot Size
    13,068 SF

    Building Details

    Year Built
    1946
    Buildings
    2
    Stories
    2
    Units
    2

    HighLights

    • Unique building with high redevelopment potential.
    • Adaptable to office, retail, industrial/flex, or multifamily uses.
    • Two‑story building featuring two drive‑in doors.
    • Excellent location near Downtown Frankfort within the Historic District.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office 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
    -86.507709
    Latitude
    40.2818127

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    FAQs

    What type of property is this?
    Individual retail property - 6,017 SF, 2-unit building, high potential.
    Where is this individual retail property located?
    The property is located at 408 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: Unique building with high redevelopment potential.; Adaptable to office, retail, industrial/flex, or multifamily uses.; Two-story building featuring two drive-in doors.
    Request Owner's contact information
    408 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 Washington St Frankfort, IN 46041
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