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250 Alhambra Ave Frankfort, IN 46041

  • Office Properties & Spaces
  • 5,490 SF
Value Estimation
Location Intelligence

Current Use by Public Records

  • Dr. John F. Schiltz, MD / Doctor
  • Center Township of Clinton County / Government Office

Property Details for 250 Alhambra Ave

Year built
1960
Property size
5,490 SF
Property type
Office Properties & Spaces
Property subtype
Medical offices

Description

This exceptional 5,490 square foot office building in Frankfort, Indiana, presents a unique investment opportunity. Priced at $415,000, this versatile property boasts a prime location at 250 Alhambra Ave, 46041, with convenient access from both Jackson Street and Alhambra Avenue. The two-story, Class B building, constructed in 1960, sits on a 0.428-square-foot lot and offers 32 parking spaces across two lots. The main floor features a welcoming reception area, eight offices or exam rooms, a conference room, several storage rooms, a laundry room, and three restrooms (one ADA accessible). The lower level includes a large recreation or meeting area, six additional offices or exam rooms, multiple storage rooms, a kitchenette, washer/dryer hookups, and two restrooms (one ADA accessible with a shower). The property is currently vacant and zoned C-Residential, offering flexibility for various uses, including executive, medical, or traditional office space, or even multi-family housing. The building's layout and ample parking make it an ideal space for a variety of businesses or residential conversions. This is a rare opportunity to acquire a substantial property in a desirable location with significant potential.

Value Estimation

Powered by Realmo proprietary methodology Last update: July 3, 2025
  • CAP approach

  • Comparable approach

  • Alternative Use

Location Insight

  • Map
  • Local Demand
City
Frankfort
County
Clinton
State
Indiana
Longitude
-86.5102
Latitude
40.2729
More about this property
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