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0 County Road 450 Frankfort, IN 46041

OFF-MARKET
Retail properties & Spaces
40 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Lot 40 ac (1,742,400 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

County Road 450 Frankfort, IN 46041
Frankfort metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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