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Property profile

1921 Wabash St Frankfort, IN 46041

OFF-MARKET
Retail properties & Spaces
31,252 SF 3 ac lot Built 1959
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Property summary

AI-generated overview

Frankfort Plaza Suites, located at 1921 E Wabash St, Frankfort, IN 46041, presents a unique opportunity for businesses seeking versatile commercial space. This single-story, 31,252 square foot building, constructed in 1959, offers a flexible layout suitable for medical, executive, or traditional office uses, as well as retail or restaurant purposes. The property features a total of three suites, with the entire 31,252 square feet currently vacant and available for lease or build-to-suit redevelopment. Minimum leasable space is 10,000 square feet, allowing for expansion opportunities. The building sits on 3 acres of land and boasts ample parking with 122 spaces, providing convenient access for employees and clients. Its location off a main Frankfort thoroughfare ensures high visibility and accessibility. The property is classified as Class B and presents a strong potential for redevelopment, catering to a variety of business needs. The high parking ratio and build-to-suit compatibility make this a highly attractive option for businesses seeking a prominent location in Frankfort, Indiana.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1959
Total area 31,252 SF
Lot 3 ac (130,680 SF)

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Discount Store
  • Bank Credit Union
  • Restaurant

Location

1921 Wabash St Frankfort, IN 46041
Frankfort metro
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Value estimations

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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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