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    County Rd 375 Frankfort, IN 46041

    For Sale
    $3,542,325

    47 Acres, I-1 Zoning, Rail Served

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 47.231-acre industrial land parcel presents a unique investment opportunity in Frankfort, Indiana. Strategically located near I-65 and zoned I-1, this shovel-ready site boasts immediate access to Norfolk Southern rail service via a spur terminating on the property's southeast corner. All utilities are conveniently located on-site, minimizing development hurdles. The property's potential for off-site water retention on the west side of County Road 375 W further enhances its appeal. Ideal for various manufacturing uses, including food processing and agribusiness, this site is perfectly suited for businesses requiring efficient rail access. Preliminary title work, a Phase I environmental assessment, and a survey have already been completed, expediting the development process. The asking price is $3,542,325, translating to $55,000 per acre. Located in the business-friendly environment of Frankfort and Clinton County, this property offers a compelling combination of location, infrastructure, and zoning, making it an attractive proposition for discerning investors and developers. The site's readiness for immediate development ensures a swift return on investment.

    Property Features for 0 County Rd 375

    General Information

    Property type
    Land
    Lot Size
    2,057,382 SF

    HighLights

    • $3,542,325 asking price for 47.231 acres of industrial land.
    • I‑1 zoning, shovel‑ready site with all utilities on‑site.
    • Norfolk Southern rail service.
    • Convenient access to I‑65.
    • Potential for off‑site water retention.
    • Fast‑track site approval process.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Frankfort
    County
    Clinton
    State
    Indiana
    Longitude
    -86.572723420875
    Latitude
    40.286511386284

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    FAQs

    What type of property is this?
    Land - 47 Acres, I-1 Zoning, Rail Served
    Where is this land located?
    The property is located at County Rd 375 Frankfort, IN.
    What is the asking price?
    The asking price for this property is $3,542,325.
    What are key features of this property?
    This property features: $3,542,325 asking price for 47.231 acres of industrial land.; I-1 zoning, shovel-ready site with all utilities on-site.; Norfolk Southern rail service.
    Request Owner's contact information
    County Rd 375 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
    County Rd 375 Frankfort, IN 46041
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