Technical
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Property profile

I-65 & Sr 28 Frankfort, IN 46041

OFF-MARKET
Land
37 ac lot
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Property summary

AI-generated overview

This exceptional 37-acre parcel in Frankfort, Indiana, offers unparalleled commercial and industrial development potential. Strategically located at the I-65 and State Road 28 interchange, this property boasts convenient access to major transportation routes, placing it within a 20-minute radius of both the new Lilly Plant in Lebanon's LEAP District and the Purdue Research Park in West Lafayette. Already zoned B5, rezoning is complete, and the land is ready for immediate platting. A preliminary site plan incorporates additional off-site water storage, addressing a key infrastructure need. All utilities are readily available at or near the site. The versatile B5 zoning allows for a wide range of uses, from hospitality ventures like hotels and gas stations to light manufacturing and industrial flex spaces. This prime location, coupled with its infrastructure readiness and flexible zoning, presents a unique opportunity for significant return on investment. The property is situated in Clinton County, Indiana, with a zip code of 46041. This is a rare chance to acquire a large, well-situated tract of land perfectly positioned for immediate development.

Property profile

Verified
Property type Land
Lot 37 ac (1,611,720 SF)

Cap rate & NOI

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

Location

I-65 & Sr 28 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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