0 County Road 450 Frankfort, IN 46041
This exceptional 40-acre site presents a prime opportunity for a mixed-use development in Frankfort, Indiana. Ideally situated just five minutes east of I-65, via State Road 28, this property boasts a strategic location between the Frankfort Industrial Park and Clinton Prairie High School. The site offers 10 acres designated for retail development, featuring approximately 1500 feet of frontage along the south side of State Road 28. An additional 30 acres are available for mixed-use residential development, suitable for high-density garden-style apartments, single-family attached homes, and single-family detached homes. All utilities are readily available on-site, including water, sanitary sewer, power, and high-speed fiber. Currently zoned AG, the property benefits from Clinton County's efficient zoning process, streamlining the approval timeline. The seller is willing to consider dividing the land to accommodate various development plans. This location offers unparalleled access to major transportation routes and a thriving community, making it an exceptional investment opportunity. The intersection of State Road 28 and County Road 450 West provides excellent visibility and accessibility. This is a rare chance to acquire a large parcel of land with significant development potential in a rapidly growing area.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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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.