2161 Morton St Franklin, IN 46131
This exceptional 7,652 square foot retail property, located at 2161 N. Morton St. in Franklin, Indiana, presents a unique investment opportunity. The single-tenant building, constructed in 1999, sits on a 2.21-acre lot and is zoned MXR. Currently, 2,740 square feet are vacant, offering significant potential for a variety of retail or restaurant uses. The property boasts a prime location along the main corridor of US 31, benefiting from exceptional visibility and high traffic counts. Its strategic placement between Lowe's and Walmart, with other national retailers like Meijer, Panera Bread, Noodles & Company, and T-Mobile across the highway, ensures consistent customer flow. The existing infrastructure includes a drive-thru, a hood system, and a walk-in cooler, representing significant cost savings for potential tenants. Nearby national restaurant and retail anchors include Panera Bread, Verizon Wireless, Starbucks, McAlister's Deli, Freddy's Frozen Custard & Steakburgers, Buffalo Wild Wings, PetSmart, and Chili's, further solidifying the area's strong retail environment. The property's Johnson County location (APN: 41-08-10-014-002.000-009) offers easy access to a thriving community and a robust consumer base. This is an ideal opportunity for businesses seeking high visibility and a strategic location within a densely populated retail area. The one-story building offers ample space and flexibility for a variety of uses.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.